**[Billionaire Investor Jim Mellon: U.S. Stocks Are Severely Overvalued, Prefers Gold, Energy, and the Japanese Yen]** Deep Tide TechFlow reports, on March 8, according to Business Insider, billionaire investor Jim Mellon recently stated that, in his view, the U.S. stock market is "severely overvalued." Despite the U.S. accounting for only about 3% of the global population, its market capitalization exceeds 60% of the global total. He pointed out that valuations of tech giants are excessively stretched, financial leverage is at historic highs, and these companies are shifting from their respective "moat advantages" to overlapping investments in AI data centers—these are all warning signs. Berkshire Hathaway, under Warren Buffett, holds over $350 billion in liquid assets, which Mellon sees as a negative signal in itself. In terms of asset allocation, Mellon favors gold and silver, believing that global government policies continue to erode the purchasing power of fiat currencies. He views the energy sector as "the most worthwhile investment area at present," citing the surge in electricity demand for data centers driven by the AI boom, while energy remains significantly undervalued in global stock markets. The Japanese yen, on the other hand, is "extremely cheap relative to the dollar" and attractive due to Japan's interest rate hikes. He stated that he would "completely avoid U.S. stocks," remain cautious about the Chinese market, and seek opportunities in the UK and emerging markets. Regarding AI-related employment, Mellon believes young people should focus on developing empathy and interpersonal skills, as roles requiring human touch, such as social care and elderly care, will become increasingly valuable. He warned that blindly chasing current popular technologies is not the right path; the previous generation was encouraged to learn programming, yet such jobs are now among those most impacted by AI.