Subject: Re: BRK experts in denial

* valuation levels are higher than they have been in the last 17 years, so the price return from here will be poor for a while unless these valuation levels last (unlikely in the extreme, but always possible).

I'm not so sure, and it has nothing to do with value. I think the nature of the market participants has changed...I call it "the Redittor Effect ".

Lots of retail investors are just gambling, and who safer to gamble with...? its a psychological effect.