"I have money on the sidelines and I missed the last rally of the last three weeks. I'm not putting it to work," the Allianz bigwig says.
Warren Buffett's Apple stake is now worth an astounding 20% of Berkshire Hathaway's market capitalization. Talk about the tail wagging the dog.
Billionaire says younger market operators treating stocks as entertainment "will end in tears." They don't like him either.
“Incredibly, we saw nearly a third of all investors over 65 years old sell their full equity holdings,” says LPL's senior market strategist.