Buffett definitely sounds bearish on the market on a risk-adjusted basis.
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He also just admitted that he doesn't remember what Berkshire bought in April. He's admitting to significant cognitive decline.
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Not necessarily. He had quite the cognitive reservoir though. Important to remember that the Todd’s are playing with small change and he probably makes a point to turn a blind eye to it somewhat. Perhaps wishful thinking on my part. Hope he and Charlie (especially) go on forever.
