Berkshire Hathaway $128 Billion Cash Pile

[Casey Maeda]

Berkshire Hathaway reported quarterly earnings with a $128 billion cash pile. I believe this is a sign if the Oracle of Omaha sees everything as overvalued, the same thought process should be followed by real estate investors particularly in the multifamily space in certain markets. That is, be fearful when others are greedy and greedy when others are fearful. Should it be wise to wait for the next pull back given where we are in the cycle? I would think so. Thoughts?