Gus Chiggins wrote:SilverDoge wrote:Here is his conclusion: because I don't understand this, and I don't have easy metrics to properly assign valuation I declare them all overvalued based on.... my emotions.
I would say his comments are no different than most people who don't understand it.
Going up? Must be a bubble.
What about stocks that he DOES know about? They've been rising since 2008. Not a bubble though, right? All of the FRNs printed and institutions sinking newly-printed dollars into the market. No bubble, though, right?
You could argue everything (except metals) is a bubble. Because of the easy money policy of the whole world with historical low interest rates, there is a bubble in most assets. Including the stock market, real estate, and now the latest is the crypto space.
Buffett is no fool. He is building up his cash hoard for when this all crashes. Pay attention to him. He did not become one of the richest people in the world by being stupid.