U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates

Collectively, Berkshire's record cash position and record stock sales are a historic warning for Wall Street. Buffett and his fellow investment managers are clearly struggling to find reasonably priced stocks. But individual investors should not misinterpret that warning as a reason to avoid the stock market. Here's why.