Posted 2/26/2024, 11:34:00 AM
Buffett Cautious on Deals and Returns; Apple Overvalued Says Investor
- Warren Buffett is avoiding big acquisitions and sees limited "eye-popping performance" ahead for Berkshire Hathaway
- Investor Christopher Bloomstran believes Apple is overvalued at its current $3 trillion market cap if revenue growth doesn't recover
- Bloomstran says Berkshire Hathaway is undervalued and can earn 10-12% returns on equity over the next decade
- The S&P 500 notched its 13th record close of 2022 last week, up 1.7%
- Economist Torsten Slok warns the Fed's quantitative tightening could lead to stresses in markets once bank reserves get scarce later this year