This is a ChatGPT-free Zone
Yes, it’s a tsunami. Tsunami of liquidity. A fiscal tsunami. Both at the same time. People seem baffled at the strength of the stock market; they keep saying the market is ‘divorced from economic reality’ and things like that. Others say this is a big bubble waiting to implode. I don’t mean to argue that…
It’s been quite a few weeks since my last post. I haven’t really changed my thoughts since then, but maybe the economic impact of this will have more than a blip on the long term charts after all. So far, the economy seems to be doing much worse (or will soon) than the stock market….
So, the market has gone crazy. People ask me about the market and the impact of the COVID-19 and I keep saying it doesn’t matter. But with the market acting like this, it’s hard for people to agree with me. The markets make the news, the market creates the sentiment etc. and I can’t fight…
Munger Munger is looking and sounding great at the DJ annual meeting (I wasn’t there; just watched the video). His ‘wretched excess’ seems to be more about private equity and venture capital than the public stock market. In fact, he said that tech stocks now are not like the Nifty Fifty stocks (he mentioned Home…
People keep talking about how crazy the market is, up more than 25% this year. It’s a big year to be sure. But on the the other hand, even though the market has been decent in recent years, it hasn’t been particularly bubblicious. To put the 25% return into context, I think it’s a good…
Recently, I’ve gotten some emails asking about the blogger email updates. I googled around (again) recently for a solution and couldn’t find one, and also looked at some mass email services and they aren’t free over a certain number of subscribers. So, as has been suggested here by some over the years, I just set…
Bubblicious? People still speak of bubbles a lot, bubble in the bond market, stock market, unicorns etc. But I still don’t really see a bubble except in certain areas of technology. Otherwise, things seem to be in a normal range to me, except interest rates. They do seem a bit low, but having said that,…
JPM’s annual report is out, and maybe a good time for another post here. I know it’s been a few months. Honestly, I have been coasting recently on what’s been working and haven’t been digging around too much in the stock market. Most of my time recently has been spent on programming, having taken on…
Every now and then, BRK comes up in conversations with people (and often with people not in the business) and the topic becomes, what to do with BRK post-Buffett. I tell them I own BRK and plan to own it for a long time, and sometimes I wonder why myself. Too Big First of all,…
So Buffett finally buys some JPM. He owned a bunch in his PA years ago and said it would be a conflict to own both JPM and WFC within BRK, or some such thing. I guess recent events (WFC scandals) have made him change his mind (as he may be starting to dump WFC). I’ve…