Post #12843 by newfydog on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

Unthreaded | Threaded | Whole Thread (3)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 18

WEB acknowledges that while it is possible to estimate a fair value, it is hard to predict the market in anything but the longest terms. In 1999 he gave the famous Sun Valley speech, warning the NASDAQ was overvalued at 2600. Eight months later it was at 5400, proving what an out of touch old traditionalist he was. Eighteen months later it was still higher than when he gave the lecture. From there it dropped to 1380 and it took the life of 17 year locust for it to recover.

WEB simply will not deploy cash unless he feels he is getting a good value. There may be better approaches over various time spans but his discipline is admirable.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (3)

Prev | Next

Announcements

Berkshire Hathaway FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.