The uncharacteristic lack of transparency around Buffett’s recent decision making points toward two things: an extremely overvalued market paired with a completely incompetent American political administration - one that has a high degree of probability of crashing the global economy.
But he doesn’t want to say the latter half to avoid the wrath of an administration that has immediately proven to be erratic, vindictive, untrustworthy and cruel.
But he doesn’t want to say the latter half to avoid the wrath of an administration that has immediately proven to be erratic, vindictive, untrustworthy and cruel.