WARREN BUFFETT RAISES THE DRAWBRIDGE
Source: Shutterstock Warren Buffett is the co-founder, chairman and CEO of Berkshire Hathaway. He is a legendary and revered investor who draws massive crowds to Berkshire's annual meetings. Buffett is noted for his investment mantra: "Be greedy when others are fearful and fearful when others are greedy". His investment strategy has been to focus on established companies that come with large "moats" that make it difficult for others to compete with them. A former holding of his was Norfolk Southern Railroad. No one was going to build another transcontinental railroad any time soon. He has become very conservative in his investing. Hence, our reference to him raising the drawbridge over his moated investments. He recently sold 116M shares of Apple stock raising Berkshire's cash hoard to an astonishing $189B. When asked why he was not reinvesting those funds he said that he cannot find anything fairly ...