Warren Buffett Sells S&P 500 Index Funds, Raises Concerns Over 401(k) Crash and Prefers 5% Treasury Bills

Warren Buffett has recently sold his holdings in S&P 500 index funds, raising concerns about potential repercussions for the stock market and 401(k) plans. This unexpected move has sparked discussions about his long-term investment strategies, particularly his historical preference for gold and aversion to bonds. In a recent letter, Buffett warned about the risks of fiscal mismanagement and its impact on the value of paper money. Additionally, he advised investors that while they can benefit from his investment strategies, they cannot fully replicate his success by merely copying his moves. Furthermore, Buffett has expressed a preference for 5% Treasury bills over investing in his own stock, indicating a shift in his investment philosophy.