steve liesman and ellen zentner, thank you very much for your thoughts. thank you. >>> our next guest says the good news about the economy speaking of that story, might already be priced in and that's one of the reasons why he's cautious on the market outlook. joining me now with more on that -- plus, key takeaways, by the way, of warren buffett's letter and a longtime berkshire hathaway shareholder, as well. let's start, though, with the economic question that we just brought steve and ellen into. it's that there is still a very, very large amount of uncertainty. is it enough to derail the market? >> i completely agree with the part that there is no sign of recession right now and i'm not calling for one. what more is saying, at least the way i think of it is a lot of the market is priced into the soft landing and a good outcome. that means that the outcome, as you know, stocks get priced on expectations, and i think right now expectations have climbed and again, if it delivers that will be all fine and that combined with obviously, we've seen lots of go