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Joined 3 years ago
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Cake day: June 14th, 2023

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  • would like your take on the Buffett Index topping 200% for the first time (total stock market value vs. GDP). It was around 130% in 1929 and 2008.

    I mean, Berkshire itself is trading at 15 p/e. So if you take the index seriously, it’s a good place to shelter your money when the storm hits.

    But Buffet was a value investor and we’re in a growth investor economy. I wouldn’t say the index is a good indicator of a pending crash any more than it was three years ago.

    Considering the disproportionate amount of stocks in AI, and, so far, no clear path to investors seeing a return, I’m scared shitless.

    Bulls make money

    Bears make money

    Pigs get slaughtered

    Diversify your portfolio, understand why you think an investment has a bright future (and when that future has dimmed), don’t try to time the market, and don’t beat yourself up if you’re wrong.

    I don’t see anything in this market to be afraid of. I see a plethora of opportunities to generate healthy returns long term.