Even though Warren Buffett hasn't made any specific mention of the Shiller P/E, or any valuation index for that matter, his actions -- i.e., 10 consecutive quarters of net-selling activity and Berkshire's record cash pile -- make crystal clear that stock valuations aren't attractive.

The six-decade track record he leaves behind is so astonishing that mere numbers on a page don’t do it justice. To fully appreciate his singular achievement, it helps to see how his investing results ballooned into massive fortunes for Berkshire’s investors over time — and how much less money they would have made had they invested instead in some of the best-performing and longest-running mutual funds,

In times of uncertainty, many people feel comforted by holding cash. It may be wise, in such cases, to build up an emergency fund and keep it in a high-yield savings account. But if you already have enough cash socked away for a rainy day, consider putting that money in a portfolio and riding the waves.

When Abel assumes the role, he will not lack resources: The 94-year-old Buffett’s fabled firm is currently sitting on a record $347.7 billion in cash and short-term investments, up from $334.2 billion at the end of last year.

Warren Buffett is one of ... management fees is worth it. “The record shows that the unmanaged index fund is going to do quite well over time, and active investment as a group can’t beat ...