Prominent value investors, including Buffett, Tepper, and Smith, sell stocks due to high valuations.

Prominent value investors, including Warren Buffett, David Tepper, and Terry Smith, are stepping back from the market due to concerns over inflated stock valuations. They have been net sellers, with Buffett notably reducing his Apple holdings significantly. The Shiller price-to-earnings (P/E) ratio is currently at 36.27, well above the historical average of 17.16, indicating that stocks are at one of their highest price levels in history.

September 21, 2024
3 Articles