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saw an article like this in May, when the domestic stock market was soaring . The gambling craze reached its peak. This is close to a gambling den. Wallace Buffett's Warning. Wallace Buffett, who has worldwide fame as a genius investor, likened the situation of the global financial market to a gambling den .
He also pointed out that the recent stock market conditions are not a good environment for new investments . As if to prove this point, Berkshire Hathaway, led by Chairman Buffett, has been stockpiling cash assets since last year . As of the end of March 2026, cash equivalents, including U.S. short-term Treasury bonds, amount to approximately $397 billion.
It amounts to approximately 595 trillion won in our country. This is the largest level of cash assets in Berkshire's history. In that case, here is a question. Why did Warren Buffett increase his cash holdings in this bull market? And should we follow Buffett ? Then why did Worfit increase his cash holdings ?
The first reason is simple. Wallace Buffett is a master of value investing . He refers to pursuing a reasonable rate of return by making long-term investments in businesses where the intrinsic value of excellent companies can be accurately evaluated and understood . Lowering the risk of loss by buying stocks at a price significantly lower than their intrinsic value is Wallace Buffett's investment principle.
In short, Buffett is not someone who buys good companies at just any price. No matter how good a company is, if the price is high, we wait. In Buffett's view, the market is not cheap right now. In Burke, Wei has recently continued a trend of being closer to selling than buying stocks . Berkshire announced that in the first quarter of 2026, it sold approximately $24 billion worth of stock and bought approximately $16 billion worth of stock .
As of May 15, 2026, the P/E ratio of the SP 500 is 31.8, and the P/E ratio of the NASDAQ 100 is 32.3. It's the highest since October 2022. It seems that Buffett believes the current market is not cheap and is worth waiting for . Then, what is the second reason? War Buffett did not invest in stocks, but as mentioned earlier, he invested approximately $397 billion in cash equivalents.
A representative cash-equivalent asset that Wallace Buffett invested in is the U.S. short-term international. According to data released daily by the U.S. Treasury Department, the yield on U.S. Treasury bonds with a maturity of three months or less is between 3.59% and 3.66%. Wallace Buffett is n't just letting cash sit idle; he's pursuing stable interest income through short-term government bonds .
Even in Berkshire Hathaway's first-quarter 2026 earnings announcement, interest and dividend income generated from investments such as U.S. Treasury bonds is mentioned separately . So, from Buffett's perspective, there is an attractive option. He decided that rather than buying expensive stocks, he would invest in stable short-term U.S.
Treasury bonds to enjoy attractive interest rates . While the two reasons explained above are the most important, new opinions are also being raised in some quarters. It is precisely the succession plan of Berkshire Hathaway. Berkshire is now transitioning from a Warren Buffett-led system to one centered on Greg Abel .
In related reports from January 2026, it was noted that this was the first quarter under the Greg Abel regime . In this situation, substantial cash assets relieve the burden on the new successor. You can defend yourself if a market crisis comes, and you can also invest if you spot a good company . It could be that it was a decision made to hand over Berkshire Hathaway in a stable manner .
Then, should we invest like Warren Buffett ? Or should I jump into the hot director position right now? In fact, the point we should take from Wallace Buffett's actions is not whether to invest in stocks versus not investing in stocks . Just because Wallace Buffett has increased his cash assets does not mean there is a need to interpret it as a signal that a crash is imminent .
Rather, it is closer to the judgment of a value investor who is dissatisfied with the current price . Everyone has different judgments regarding stock prices, and it is natural that the companies and ETFs invested in differ depending on whether one prefers growth stocks or value stocks . You don't necessarily have to follow Wallon Buffett .
It is recommended to identify your investment style and create your own ETF portfolio. Nevertheless, if you wish to follow War Buffett and invest in short-term US international bonds, an ETF worth considering is the TIGER US Ultra Short-Term 3-Month or Less Treasury Bond ETF . It can be seen as a product that invests in the short-term US Treasury bonds that War Buffett has invested in .
As they are all US international ETFs with maturities of 3 months or less, is considered one of the representative stable ETFs . To summarize, there was a reason why Wallace Buffett increased his cash assets . However, it is difficult to view this as a signal that the stock market is going to crash .
Now that you know why Werren Buffett increased his cash assets, it is your choice. Should I continue investing in stocks? Or should I increase my investment in short-term US international markets? This has been Knowledge Channel T, the story of how money moves to understand the world . no see.
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