Earlier this morning, legendary hedge fund manager Michael Steinhardt popped by the CNBC studios for a little chat with the Squawk Box crew. Things started off friendly enough, with some conversation about the petting-zoo Steinhardt keeps at his home in Westchester (which includes zebras, camels, albino wallabies and a llama named Angel Mike has been known to french kiss), his rare-plant collection that inspires envy in Martha Stewart, the economy and the Fed. Steinhardt noted that, compared to the rest of what’s going on in the world, “we live in an inland sea of calm waters while surrounding us are turbulent, horrible places,” to which everyone nodded soberly in agreement, unaware of what was coming next. “America seems almost as insular as it has in times past,” Mike continued. “Look at the rest of the world compared to America, look what’s happening all over and then here the biggest thing we have to worry about is how long it will take Buffett to come down to earth…how long until people like you begin to realize his reality and get off some…cloud.”

Oh, he went there.

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