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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You are right. But Buffet, like many investors, seems to be a victim of normalcy bias - what has worked in the past will continue to work in the future. The past 70 years have taught him that there is no better place to compound you investment than stocks. So he sits and waits...
That's not necessarily still wrong, just likely to keep increasing in dependence on the central bank cheap money spigot, so increasingly vulnerable to political disruptions in that.
