When you're a multi-billionaire like Warren Buffett, the so-called Omaha Sage and one of the planet's richest Homo sapiens, you easily slide into the role of mouthpiece.
Buffett's been for some time a mouthpiece for the Democrat Party, higher taxes and a leading opponent against the Canadian-US natural gas pipeline. All not without intended good-personal-gains reasons.
His opinion on equities has been revered by mainstream media folks for decades. Seventeen thousand adoring fans traipse to an isolated prairie setting annually to worship at his and his longtime compatriot, Charlie Munger's, Midwest equity hoedown.
So when the Omaha octogenarian utters in a television interview his beliefs about equity valuations you can bet it's a mouthpiece ploy that goes far beyond protecting the valuation of his empire. It's calming, homespun manna for the masses from the Big Equity Bopper himself. Reassuring to be sure: There's no water on board the Good Ship Global Financial Bubble.
So just relax.
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