https://www.zerohedge.com/news/2018-02-26/warren-buffett-isnt-buying-why-should-anyone-else

“People don’t tend to get rich (or stay that way) by buying mediocre assets at all-time highs.

The time to buy is when prices crash… when the highest quality assets can be acquired for peanuts.

And as sure as night follows day, prices will decline. Asset prices always move in boom/bust cycles.”

The well connected oracle stockpiles cash when he knows there’s a fire sale on the way