Market Signal:BEARISH (medium Impact)
Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway.
October 06, 2026
•13:54 UTC
•Target Assets:#MARKET
Executive AI Takeaway
Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway. — Market signal: BEARISH (medium Impact)
The co-portfolio manager at Heartland Advisors urges investors to shut out Wall Street’s hype on AI and look for companies that can use its technology as costs come down.
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