They sell shares and accumulate money, so the money by itself does not generate any cashflow.
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•@beardonfire Absolutely right. Do you think this also gives some insight into Buffett's expectation e.g. of the market possibly being overvalued and increasing risk of going down.
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@Business_News well, I do not think he said that the market will crash down, he just thinks that now it is overvalued, maybe if it will stay flat during some time - the value will catch up :)
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•@beardonfire Agreed. Also do not think he said it... would be against his believes that things can stay irrational for quite long. But you could at least speculate that from a value perspective he maybe believes that the price is too high which also could lead to the perception that the risk of a crash could be higher... of cause also could flat out and catch up... fair point.
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