Gate News Report, March 8 — According to Business Insider, billionaire investor Jim Mellon recently stated that he considers the U.S. stock market to be “seriously overvalued.” He pointed out that the U.S. accounts for about 3% of the global population but makes up over 60% of the global market capitalization. Mellon believes that the extreme stretching of tech giants’ valuations, the highest levels of financial leverage in history, and the shift from companies with “moat advantages” to overlapping AI data center investments are all warning signs. Additionally, Berkshire Hathaway, Warren Buffett’s company, holds over $350 billion in liquid assets, which Mellon sees as a negative signal. Mellon also expressed optimism about gold, energy, and the Japanese yen.
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