Founder & Risk Management Analyst for Vault Assets. Head of Risk Management Department for Nucleoeléctrica Argentina S.A.
#SP500 #Risk #Markets #Gold Warren Buffet just said a couple of important things regarding where we are on the markets: [RTRS] (BRKa.N) – Buffet says buybacks 'should be price-sensitive' and 'Blindly buying an overpriced stock is valuedestructive, a fact lost on many promotional or ever-optimistic CEOS' [RTRS] (BRKa.N) - Buffet says immediate prospects for purchases of companies are 'not good,' saying 'Prices are sky-high for businesses possessing decent long-term prospects' Two things that I have been warning about. Another call to prudence, and remember what Howard Marks said about risk: “Most investors think quality, as opposed to price, is the determinant of whether something’s risky. But high quality assets can be risky, and low quality assets can be safe. It’s just a matter of the price paid for them... Elevated popular opinion, then, isn’t just the source of low return potential, but also of high risk.”
Top stuff mate ?
Quantitative Portfolio Manager - Alternative Investments, Commodities, Structured Products
6 年Buffett seems to have broken his own rules lately and he is a bit late on the buybacks criticism, a practice he has quietly condoned for all these years.