Understanding Warren Buffett's 5 Large Scale Reductions in One Picture 📍 This time he accurately predicted that he would escape from the top again, holding $334 billion in cash. When will he make another move? The first time was in May 1969: Buffett dissolved his partnership that had lasted for 13 years, and in just one year thereafter, the Dow Jones and S&P 500 indexes both plummeted by 35%. The second time, before the 1987 stock market crash: Buffett liquidated almost all of his stocks, and within less than two months, the S&P 500 index plummeted by over 33% and the Dow Jones index plummeted by over 36%. The third time, around 1999: Buffett publicly bearish on American technology network stocks, namely NASDAQ. From March 2000 to October 2002, over a period of two and a half years, the Nasdaq index plummeted by 78%. The fourth time, before the global financial crisis in 2007: Buffett significantly reduced his holdings in the US stock market in 2007, and from November 2007 to March 2009, both Nasdaq and S&P 500 plummeted by nearly 55%. Afterwards, Buffett successfully bought the bottom of the US stock market and became the world's richest person for the first time in 2008. For the fifth time, which is now, the proportion of Apple's holdings in large-scale sales has decreased from 49% to 23%, and with Bank of America, the current cash position (cash+US bonds) is as high as nearly 50%. Holding $334 billion in cash. Brothers. Can the old man be deified next time?