Warren Buffett of Berkshire Hathaway (BRK.B), (BRK.A) is known as one of the saaviest investors in the world. The Wizard of Omaha likes to find undervalued companies with solid brands and cash flows and invest for the long-term. Regardless of how broader markets perform, Buffer prefers to buy solid names with the expectation that stocks will eventually rise. Buffett is worth around $85 billion and is still one of the top 10 richest men in the world, so who is the Shock Exchange to argue with his methods?
So far, Buffett has been correct. With incessant money printing from the Federal Reserve, financial markets have melted up for the past decade. Just when you thought the market was about to falter in August 2018, long came President Obama and Fed Chairwoman Janet Yellen to add more liquidity to the markets. It also gave the “illusion” of Obama’s progress. That incessant melt up in financial markets likely explained Buffett’s surprise investment in Teva Phamaceuticals late 2016.