Billionaire Investor Jim Mellon: US Stocks Severely Overvalued, Bullish on Gold, Energy, and Yen

Billionaire investor Jim Mellon stated that the US stock market is severely overvalued, with tech giants' valuations stretched and high leverage in financing. He is optimistic about gold, energy, and the Japanese yen, while also pointing out that Berkshire Hathaway's large holdings of liquid assets are a negative signal.

According to Gate News, on March 8, Business Insider reported that billionaire investor Jim Mellon recently said that, in his view, "the US stock market is severely overvalued." He pointed out that the US accounts for about 3% of the global population, yet its market capitalization accounts for over 60% of the global total.

Mellon believes that the extreme stretching of tech giants' valuations, historically high levels of leverage, and the shift from companies with "moats" to overlapping AI data center investments are all warning signs. Additionally, Berkshire Hathaway, owned by Warren Buffett, holds over $350 billion in liquid assets, which Mellon considers a negative signal.

Mellon also expressed optimism about gold, energy, and the Japanese yen.