Warren Buffett states that current market valuations make it difficult to find good investment opportunities, as the S&P 500 has nearly doubled in less than four years. He attributes this to high investor appetite for speculation rather than value investing. Despite the challenging environment, index fund investing in the S&P 500 remains a sound long-term strategy for most investors.
Axe note: Warren Buffett warns that soaring valuations are squeezing value opportunities, a call that matters for rand investors watching global risk.