Buffett's off-site interview: unprecedented gambling sentiment in the market, lack of ideal investment environment, waiting for no one to answer the phone, Powell is more at ease (full text attached)
Buffett gave an interview during the Berkshire Hathaway shareholders meeting in 2026, comparing the current market to a "church with a gambling annex" and warning that a collapse of trust in currency would be tragic. Facing a $380 billion cash reserve, he admitted that valuations are too high, targets are scarce, and the best time to buy is when "no one else is picking up the phone".
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