{"id":1637,"date":"2025-05-12T12:00:21","date_gmt":"2025-05-12T12:00:21","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/?p=1637"},"modified":"2025-07-04T16:25:38","modified_gmt":"2025-07-04T16:25:38","slug":"https-financialpost-com-investing-investor-what-would-warren-buffett-do","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/https-financialpost-com-investing-investor-what-would-warren-buffett-do\/","title":{"rendered":"Ask yourself as an investor: What would Buffett do?"},"content":{"rendered":"<blockquote><p>Martin Pelletier: Who is right? Investors buying in FOMO frenzy or Buffett sitting on cash and waiting for strategic opportunities?<\/p><\/blockquote>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<div class=\"story-v2-block story-v2-article-container\">\n<div class=\"story-v2-block-content\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<div class=\"story-v2-block story-v2-article-container\">\n<div class=\"story-v2-block-content\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">There is a clear dichotomy in the market. On one side, some investors remain cautious, while on the other, some are buying each dip out of fear of missing out (FOMO). This is a time when we need to take a lesson from one of the greatest investors of all time,\u00a0<a href=\"https:\/\/financialpost.com\/tag\/warren-buffett\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;Warren Buffett.&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/warren-buffett\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">Warren Buffett.<\/a> At the Berkshire Hathaway annual shareholder meeting two weekends ago, Buffett, who announced he would step down as chief executive at the end of the year, offered some sound advice:<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<ul>\n<li>Markets don\u2019t always go up;<\/li>\n<li>Check emotions at the door when investing, as you require the right temperament. Adapt to the world and don\u2019t expect the world to adapt to you;<\/li>\n<li>The world makes big mistakes; the more sophisticated the market becomes, the more extreme and unpredictable events happen.<\/li>\n<\/ul>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\"><\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">That said, Warren Buffett is now sitting on enough cash to buy any of the companies below the Top 24 in the\u00a0<a href=\"https:\/\/financialpost.com\/tag\/sp-500\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;S&amp;P 500.&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/sp-500\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">S&amp;P 500.<\/a>\u00a0In total, Berkshire\u2019s cash position has soared to a record nearly US$348 billion in the first quarter,\u00a0<a href=\"https:\/\/x.com\/charliebilello\/status\/1919379838365823286\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;more than tripling&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/charliebilello\/status\/1919379838365823286&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">more than tripling<\/a>\u00a0over the last three years. He isn\u2019t alone, as\u00a0<a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1919467381698494484\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;money market fund&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/KobeissiLetter\/status\/1919467381698494484&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">money market fund<\/a> assets under management have hit a record US$7.4 trillion, reflecting about 15 per cent of the S&amp;P 500\u2019s market cap, up from 13 per cent in February. Over the past two years, total money market assets have risen by more than US$2 trillion.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">Meanwhile, gold prices have continued to show strength, oil prices had fallen to 52-week lows (though gold dropped and oil rose after U.S.-China tariff reductions), and long-term bond yields have been rising. For example, the U.S. Treasury yield curve has steepened significantly, with the difference between the\u00a0<a href=\"https:\/\/x.com\/GlobalMktObserv\/status\/1919369740385976476\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;10-year and the 2-year Treasury yields&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/GlobalMktObserv\/status\/1919369740385976476&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">10-year and the 2-year Treasury yields<\/a>\u00a0being positive for over six months now. Historically, once the yield curve turned sharply positive, the U.S. economy was in a recession. Additionally,\u00a0<a href=\"https:\/\/x.com\/MikeZaccardi\/status\/1919719136197771645\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;downward earnings revisions&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/MikeZaccardi\/status\/1919719136197771645&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">downward earnings revisions<\/a> for S&amp;P 500 firms have spiked to levels not seen since the pandemic or the global financial crisis.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>Despite these concerns, many retail investors are taking a completely different, more bullish approach. We at TriVest Wealth Counsel think there could be a return of FOMO driving this behaviour.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">In April, retail investors purchased a record US$40 billion in U.S. exchange-traded funds and single stocks, more than double the monthly average seen in 2024, according to\u00a0<a href=\"https:\/\/financialpost.com\/tag\/jpmorgan-chase-co\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;JPMorgan Chase &amp; Co.&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/tag\/jpmorgan-chase-co\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">JPMorgan Chase &amp; Co.<\/a>\u00a0data. The Vanguard S&amp;P 500 ETF saw an\u00a0<a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1919760138920951950\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;inflow of almost US$21 billion&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/KobeissiLetter\/status\/1919760138920951950&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">inflow of almost US$21 billion<\/a>\u00a0last month, the largest in its history and the fifth largest for any ETF ever on a monthly basis. As investors make bets on short-term market fluctuations,\u00a0<a href=\"https:\/\/x.com\/Barchart\/status\/1919189277289980205\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;zero days to expire options&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/Barchart\/status\/1919189277289980205&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">zero days to expire options<\/a> now account for roughly 60 per cent of total S&amp;P 500 options volume, a new all-time high. As at last Tuesday, companies like Netflix have traded green for 11 consecutive days, marking Netflix\u2019s longest winning streak in history.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>The S&amp;P 500 has now rebounded above its 50-day moving average last week and could break its 200-day to the upside soon.\u00a0 The S&amp;P 500 markdown went from 20 per cent below its highs to about eight per cent under. Therefore, there doesn\u2019t seem to be a lot of concern over equity markets compared with what commodity and bond markets are signaling.<\/p>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<div class=\"story-v2-block story-v2-article-container\">\n<div class=\"story-v2-block-content\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>So, who is correct?<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>Instead of trying to guess where the broader equity market is going to go in the near term, we think it\u2019s better to ask yourself what Buffett, with his long-term outlook, would do.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">Take energy, for example. Many are focused on the near-term risks from OPEC adding its held-back production to the market, driving oil prices lower. This paired with recession fears have motivated hedge funds that have\u00a0<a href=\"https:\/\/x.com\/Barchart\/status\/1919548330696176124\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;sold energy stocks&quot;, &quot;target_url&quot;: &quot;https:\/\/x.com\/Barchart\/status\/1919548330696176124&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">sold energy stocks<\/a> over the past six weeks at the fastest pace in a decade.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">Underneath all of this is the bigger picture that this will likely\u00a0<a href=\"https:\/\/www.linkedin.com\/posts\/jamie-smyth-08622820_us-oil-output-has-peaked-amid-price-fall-activity-7325302469050200066-yRGv\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;accelerate a major looming problem&quot;, &quot;target_url&quot;: &quot;https:\/\/www.linkedin.com\/posts\/jamie-smyth-08622820_us-oil-output-has-peaked-amid-price-fall-activity-7325302469050200066-yRGv\/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">accelerate a major looming problem<\/a>\u00a0south of the border. Diamondback CEO\u00a0<a href=\"https:\/\/www.diamondbackenergy.com\/news-releases\/news-release-details\/letter-stockholders-issued-diamondback-energy-inc-7\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;Travis Stice wrote&quot;, &quot;target_url&quot;: &quot;https:\/\/www.diamondbackenergy.com\/news-releases\/news-release-details\/letter-stockholders-issued-diamondback-energy-inc-7&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">Travis Stice wrote<\/a> that \u201cgeologic headwinds outweigh the tailwinds provided by improvements in technology and operational efficiency.\u201d More so, \u201con an inflation-adjusted basis, there have only been two quarters since 2004 where front month oil prices have been as cheap as they are today \u2026 we are at a tipping point for U.S. oil production at current commodity prices.\u201d<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p data-async=\"\">Despite Buffett\u2019s Berkshire Hathaway amassing a large cash position, he has been buying in the energy sector. He\u00a0<a href=\"https:\/\/www.marketbeat.com\/originals\/buffetts-next-oil-bet-why-occidental-is-different\/#google_vignette\" target=\"_blank\" rel=\"noopener noreferrer\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;bought Occidental Petroleum&quot;, &quot;target_url&quot;: &quot;https:\/\/www.marketbeat.com\/originals\/buffetts-next-oil-bet-why-occidental-is-different\/#google_vignette&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}\" data-evt=\"click\" data-evt-typ=\"click\">bought Occidental Petroleum<\/a>\u2019s stock when it was down 30 per cent from its highs in February 2025. \u201cBuffett aggressively upped his stake by 763,017 shares on February 7, 2025, bringing its total holdings to 265 million shares, or 28.2 per cent of the company. At the time, this investment comprised 4.63 per cent of its total assets, making it the sixth-largest holding in Berkshire\u2019s portfolio,\u201d Jea Yu wrote in MarketBeat.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>While we too own a bit of OXY, we think there will be an even better opportunity in Canadian oil companies with long-life reserves and low operating cost structures paired with very robust balance sheets that are also getting caught up in the current pessimistic environment, selling off to what we think are very attractive levels. It is important to say, though, that this doesn\u2019t mean they can\u2019t go even lower in the next few months.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>In conclusion, the market presents a complex landscape with both risks and opportunities. While caution is warranted given the current economic indicators and market volatility, there are still promising investment avenues to explore. By staying informed, maintaining a balanced perspective, and being prepared to adapt, investors can navigate these uncertain times and potentially capitalize on the opportunities that arise.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p>Or as Buffett once wisely said \u201cOpportunities come infrequently. When it rains gold, put out the bucket, not the thimble.\u201d At the same time don\u2019t risk what you have and need for what you don\u2019t have and could lose.<\/p>\n<\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<p><em>Martin Pelletier, CFA, is a senior portfolio manager at Wellington-Altus Private Counsel Inc., operating as TriVest Wealth Counsel, a private client and institutional investment firm specializing in discretionary risk-managed portfolios, investment audit\/oversight and advanced tax, estate and wealth planning. The opinions expressed are not necessarily those of Wellington-Altus.<\/em><\/p>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<p><a href=\"https:\/\/financialpost.com\/investing\/investor-what-would-warren-buffett-do\">View Financial Post article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Martin Pelletier: Who is right? Investors buying in FOMO frenzy or Buffett sitting on cash and waiting for strategic opportunities? There is a clear dichotomy in the market. On one side, some investors remain cautious, while on the other, some are buying each dip out of fear of missing out (FOMO). This is a time [&hellip;]<\/p>\n","protected":false},"author":229,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1637","post","type-post","status-publish","format-standard","hentry","category-financial-post"],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/posts\/1637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/users\/229"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/comments?post=1637"}],"version-history":[{"count":2,"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/posts\/1637\/revisions"}],"predecessor-version":[{"id":1639,"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/posts\/1637\/revisions\/1639"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/media?parent=1637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/categories?post=1637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/trivestwealthcounsel\/wp-json\/wp\/v2\/tags?post=1637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}