Investors follow Warren Buffett's moves closely. He has earned the respect of the investing community for his wisdom, common sense, and -- most importantly -- a track record of beating the market.

Investing legend Warren Buffett and his conglomerate, Berkshire Hathaway (BRK.B 0.71%), have not given investors many reasons to buy into the strength of this market. Recently, Be

Berkshire Hathaway was a net seller of $127 billion of stocks this year, including Apple and Bank of America. That brings its equity portfolio down to $300 billion and nearly doubles its cash position to a record $311 billion.