Isn’t Warren Buffet like 94 years old already?

I see a lot of people analzing his actions left and right but none of these seem to take in to account that he could just be preparing to pass on his torch in one way or another. From what I’ve read Warren Buffet plans to have his children manage and distribute his wealth to various charitable causes after he passes on.

Before even reading the article:

Let me guess, he has a whole lot of cash because he recognizes that the US and world economy are actually in outstandingly precarious positions, that no one is properly evaluating risk, thus investment in basically anything is looking too risky?

EDIT: Oh right, I need a subscription. Nevermind I guess.

TL;DR Warren Buffett, head of Berkshire Hathaway, recently reduced his stake in Apple by nearly half and increased cash reserves to $277 billion amid a market sell-off. This cash accumulation has sparked speculation about an impending economic downturn, reminiscent of his actions before the 2008 financial crisis. However, Buffett’s success is rooted in classic value investing principles, not prophetic insight. He anticipates rising capital gains taxes and sees limited opportunities for investment in undervalued, high-quality stocks. Despite his massive cash reserves allowing for significant acquisitions, Buffett emphasizes a straightforward approach to investing rather than any mystical foresight.

Alt link: https://archive.ph/AoHvT