The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.


Originally posted Saturday, 30 April 2022
Buffett Says Sarket ‘Almost Totally A Casino’ as it Rallied in Recent Years

The billionaire and chief executive of Berkshire Hathaway, speaking in Omaha to thousands of shareholders gathered for the company’s annual meeting, added that “extraordinary” activity had been “encouraged by Wall Street because the money is in turning over stocks”.

...

In the first quarter, the company spent $51.1bn buying shares of companies, including large bets on oil majors Chevron and Occidental Petroleum. Buffett said it was “incredible” that Berkshire had been able to buy more than 14 per cent of Occidental in a matter of weeks.

The realest "Buffett Indicator" is whether or not Buffett himself is staying on the sidelines, or buying. Looks like last quarter he saw some deals on sale.