If you’re invested in AI, you might want to pay attention. Bill Smead, founder of Smead Capital Management, says the market frenzy around AI has all the signs of a bubble, driven by the momentum of stocks like Nvidia. “We’re in the crazy stage,” Smead told Business Insider, comparing today’s market to the eve of…
Bill Smead doesn’t know how long the current stock-market rally can continue, but the veteran investor does think it’s in a particularly vulnerable spot. In his Q2 letter to investors on July 15, Smead — whose Smead Value Fund (SMVLX) has beaten 96% of peers over the last 15 years, Morningstar data shows — shared…
Berkshire Hathaway’s investors may be looking at the stock and wondering if the “Buffett premium” is real — and disappearing before their eyes. The “premium” refers to the long-standing view that Berkshire stock trades at a premium because of Warren Buffett’s legendary stock-picking skills, dealmaking prowess, and shrewd management, which saw him transform a failing…