Jim can I ask which are your favourite stocks in the current top 10 most purchased by the Superinvestors.

Sure. Just Alphabet.

Also I wish I had bought Costco years ago, though it's not anywhere on that list.
Every year I wonder if it's too late, and don't buy. I've never owned it.
Next time the market is covered with red ink, I might finally think about buying.
Earnings are so smooth that old fashioned P/E doesn't make a bad yardstick.
I'd love to be in under 30x recent earnings, but it has rarely been under 35x in the last 3.5 years.
Even the old normal used to be the 26-33 range.
Luxury goods tend to be expensive.
But...it's remarkable how well they have done, and how reliably they've beat the market over any rolling 5 year period.
For the simple reason that they make a whole lot of old fashioned profit, and the profit per share has risen at a rate both formidable and steady.
Extrapolation is dangerous, but at least that's a very good omen.

Jim