Warren Buffet currently has about 350 billion dollars in cash.

Money that he has been accumulating for quite some time waiting for a major market correction that seems to be near, and as he says: "When the markets go down, it's like going to sales"

But what I want to highlight is the following:

1°. The sell signal that he has been giving to all investors for a long time.

2°. How difficult it is, even for one of the best in the world, to follow the market timing, since even though he sensed that the market was going to drop, he did not know exactly when it would happen.

But by acting this way, without wanting to take the last dollar from the market, along with great patience (markets are not for hyperactive people) is how large amounts of capital are amassed.

People are in a hurry to get rich, and this bias works against them.

Who knows if the longevity of W. Buffet and his partner Charlie Munger (who passed away at almost 100 years old) is due to that long-term vision they have... 😀