Warren Buffett warns prices will look silly after US market highs

9 articles · Updated · The Times · May 3

Speaking in Omaha at Berkshire Hathaway’s annual meeting, the 95-year-old investor said one-day options trading showed an unprecedented gambling mood as the S&P 500 and Nasdaq hit records.
Berkshire ended March with about $380bn in cash, reported first-quarter operating profit of $11.35bn, up 18%, and disclosed $234m in buybacks, its first since May 2024.
Buffett, now executive chairman after stepping down as chief executive in January, backed patient investing while successor Greg Abel told shareholders Berkshire would stay intact and remain disciplined on acquisitions.

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