In other words, history has shown that when Buffett's prized valuation tool moves well beyond the bounds of its long-term average, trouble follows for Wall Street. This may be why the Oracle of Omaha has been a net seller of stocks for eight consecutive quarters at Berkshire Hathaway, to the tune of $166.2 billion.

Through filings, it was reported that Warren Buffett sold $133 billion of stocks in the first nine months of 2024 and bought less than $6 billion worth. In comparison, the portfolio managers sold a net $24 billion of stocks in 2023 and purchased a net $34 billion in 2022.

While nobody knows what the rest of the year has in store for the stock market, longtime investor Warren Buffett has some timeless advice for handling periods of uncertainty. In 2008, in the thick of the Great Recession, Warren Buffett wrote a piece for The New York Times to help ease Americans' concerns about the future of the stock market.

Investor Warren Buffett bought his first stock at age 11 and purchased his first lot of real estate at 15. Today, the Oracle of Omaha has a net worth of $147 billion and a reputation for

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