Is Now a Good Time to Buy Stocks? Warren Buffett’s Sensible Investing Advice Offers a Clue

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) had $147 billion in cash, cash equivalents, and short-term investments on its balance sheet as of June 30 — a treasure chest of investable capital. In fact, Berkshire reported $21 billion in net equity security sales through the quarter ended in June, a dramatic reversal from its $45 billion in net purchases during the same period last year. The unsettling implication is that the CEO and his fellow investment managers Ted Weschler and Todd Combs see the stock market as overvalued.