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WARREN BUFFETT JUST GAVE HIS SHARPEST MARKET WARNING IN YEARS AT THE BERKSHIRE HATHAWAY SHAREHOLDER MEETING
His exact words on today's market:
"The market always feels like a church with a casino attached. People can move between the church and the casino. There are more people in the church and more people in the casino, but the casino has gotten very attractive to people."
"If you're buying one-day options or selling them, that is not speculating. That is gambling. Totally. There's nobody that can explain why they're buying an option for one day."
"We've never had people in a more gambling mood than now."
"That doesn't mean the thing is terrible, but it does mean that the prices for an awful lot of things will look very silly."
The 95-year-old "Oracle of Omaha" is speaking today as Berkshire sits on roughly $380 billion in cash, the largest cash position in the company's history. Greg Abel is running the meeting as CEO for the first time.
When asked what would create a juicy investment opportunity for him, Buffett's answer:
"It's a phone call in some cases."
US President Donald Trump announced a major initiative with American companies and institutions to invest in mentoring, training and jobs for young people aging out of foster care, aiming to improve their prospects
Here is President Trump’s new Surgeon General of the United States nominee, Dr. Casey Means, exposing the health industry and woke medical schools for six minutes straight.
It’s safe to say she is the perfect pick:
JUST IN: A federal judge strikes down President Biden's student loan forgiveness program, which is already on hold due to a separate legal challenge
https://t.co/eBf65WMuNp
Congratulations to the Stevenson Boys Hockey Team! The Patriots won the Illinois State Championship today at Edge Ice Arena in Bensenville with a 5-0 win over St. Viator! It's the first state hockey championship in school history!!
"The party is just getting started." @BillRMcDermott speaks with Bloomberg's @JoePWilliams31 on ServiceNow's path to 15 billion, its massive growth potential, and the company's outlook on acquisitions https://t.co/8Y9nOhTkPO via @technology
Why is Matt Damon always in the doghouse with the online hall monitors of righteousness? He is one of the most likable guys in Hollywood, with impeccable liberal credentials. Yet always flailing around in cancel culture quicksand. #BureauOfWokeness#Wokeatraz
“Companies are realizing that the true potential of AI is to augment their employees' skills and replace repetitive, error-prone, manual tasks ... so that employees can spend more time doing creative, higher-priority tasks.” via @cmswire https://t.co/W1hFmMccUA