Several observers have criticized Warren Buffett, arguably the best value investor of all time, for Berkshire Hathaway’s recent underperformance.
Legendary investor Jeremy Grantham said that US stock markets are in a bubble. As a result, he expects the markets to crash.
Berkshire Hathaway's chairman, Warren Buffett, has underperformed the S&P 500 since 2009. Several analysts have criticized the legendary value investor.
BofA (Bank of America) released its June fund manager survey. According to the survey, 78% of fund managers think that stock markets are overvalued.
Warren Buffett might have been better off buying Apple shares. Based on Tuesday's closing prices, Apple has risen 18% for the year.
Stanley Druckenmiller called US stock markets "overvalued" last month. He said that the rise in the markets has “humbled” him.
Last week, President Trump called out Warren Buffett due to his decision to sell airline stocks in April. Airline stocks have rallied sharply over the last few days.
Warren Buffett said that he sold all of his holdings in airline stocks in April. He has been on a selling spree despite the crash in US stock markets.
Third Point released its monthly update on June 3. The hedge fund told Barron’s that it took a stake in Boeing (NYSE:BA) credit.