Goldman Sachs strategists said high volatility and low risk-adjusted returns were likely to linger in the coming months.
"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.