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Dr4kn | 6 months ago
I don't know why buffet sold a lot of shares over the last few years to sit on a huge pile of cash, but I could guess.
The Job market looks like shit, people have no money to buy stuff and credit card debt is skyrocketing. When people can't buy stuff it is bad for the economy. Even if AI is revolutionary then we would need people spending money to keep the economy going, and with more AI taking jobs that wouldn't happen.
If AI doesn't work out the market is going to crash and the only companies keeping the market growing are going to wipe out all that growth.
No matter how I look at it I don't see a thriving market.
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