Much to see about nothing

Warren Buffett’s cash mountain doesn’t tell us much about where markets or the economy will go.

Warren Buffett commands more attention than any investor in history. Punters scrutinise his every move. When he sips from his Coke can, his disciples try to figure out what the flavour indicates. When he shifts in his chair to break wind, portfolio managers wonder what it means for them. The Oracle of Omaha, as the media calls him, has become a cult-lik…