Buffet is stuck between a rock & a hard place. He doesn't believe in assets that don't produce a fiat income stream, so won't do gold or crypto. Even less love for negative interest so growing sour on bonds. He doesn't have any place left to put money that fits his philosophy.https://twitter.com/NickSzabo4/status/1167973272610230272 …
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Stock buybacks. Corporations with their mouths on the fiat spigot can keep the stock price up if they want to for decades until they've used their cheap fiat to buy back the last share and pay their CEO his last fat paycheck, after which no stockholder loses when they close shop.
That said, cheap fiat money has also long provided big corporations a huge financial advantage over small businesses, and never moreso than now, so total market cap as % of GDP is still near all-time highs.
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Since I'm not a financial person, I had to look that up and what it meant exactly.
For others that may be reading this thread and also unfamiliar I am linking this. Def overvalued, which is why I try to stick to growth stocks for now.https://www.investopedia.com/terms/m/marketcapgdp.asp …Thanks. Twitter will use this to make your timeline better. UndoUndo
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