- Berkshire Hathaway reported a record $397.4 billion in cash and T-bills, making up 59% of its investable portfolio.
- The Buffett Indicator, a market cap-to-GDP ratio, has reached ~232%, indicating potential overvaluation as levels above ~120% historically signal this.
- The Shiller P/E (CAPE) ratio has surpassed 40% for only the second time since 1929, further suggesting stocks may be overvalued.
- Berkshire's B shares are down 1.8% year-to-date, partly due to cautious investment in tech compared to the 'Magnificent 7' stocks.