Why Warren Buffett Is Raising Cash: Market 'Euphoria' In Final Stage | Bill Smead The David Lin Report

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Bill Smead, Chairman of Smead Capital Management, discusses the late stages of market euphoria.

*This video was recorded on May 9, 2024

Bill's previous interview with me:    • Brace For 'Ultimate Reckoning' Once I...  

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0:00 - Intro
0:50 - Berkshire Hathaway and cash
4:33 - Markets entering new era
19:20 - Passive investing
22:20 - Valuations and investing
30:55 - Energy sector
36:45 - Inflation and monetary policy
40:46 - Financials sector