Also: Warnings from the stock and real-estate markets; Eli Lilly’s success; a mixed response to Nvidia; and how cuts to Social Security and other government agencies can affect you or loved ones.

The head of Pershing Square Capital Management also said that Buffett is too conservative in his investment discipline.

Warren Buffett sold a lot more stock than he bought for Berkshire Hathaway during 2024. His fourth-quarter purchases included a new position in this value stock with a wide competitive moat. Buffett's focused on buying smaller stocks while selling the biggest companies in his portfolio.