Warren Buffett isn’t warning about sky-high stocks because he ‘doesn’t want to make people mad,’ veteran investor Bill Smead says

Warren Buffett isn’t warning about sky-high stocks because he ‘doesn’t want to make people mad,’ veteran investor Bill Smead says

Warren Buffett is keeping quiet about the surging stock market because he "doesn't want to make people mad," Berkshire Hathaway shareholder Bill Smead told Business Insider."He won't say anything because he's 89-years-old and doesn't want anyone to be angry when he dies," the Smead Capital Management chief said about the famed investor and Berkshire CEO. "He's lost some of his mojo."Smead warned Buffett's Apple stake could be at risk when the current market euphoria ends, called for more communication from Berkshire's portfolio managers, and suggested Buffett should buy out Occidental Petroleum.Visit Business Insider's homepage for more stories.

Warren Buffett isn't sounding the alarm on the stock market's record rally because he's worried about his legacy, veteran Berkshire Hathaway shareholder Bill Smead told Business Insider this week.

"The action in the glam tech stocks, with the recent parabolic move up, looks like the kind of financial euphoria that Buffett has traditionally warned investors about," the investment chief of Smead Capital Management said.

"Why no warning this time?"

Smead offered one explanation: the billionaire investor and Berkshire Hathaway CEO "doesn't want to make people mad."

"He won't say anything because he's 89-years-old and doesn't want anyone to be angry when he dies," he said. "He's lost some