Author Topic: Grand Deja Vu? Techs tanked, BRK surged  (Read 34878 times)

Charlie

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #70 on: January 16, 2018, 10:08:07 AM »
I would say that the tax cut has different effects and the different effects lead to the Lollapalooza. ;)
« Last Edit: January 16, 2018, 07:30:27 PM by Charlie »


longinvestor

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #71 on: January 16, 2018, 11:03:37 AM »
I would say that the tax cut have different effects and the different effects lead to the Lollapalooza. ;)

While we are enjoying giddy prices every day, it seems, I do miss the buying opportunities at lower prices. "Lower" is a relative term, no? We have been spoiled by cheap opportunities (most recently 2015); Rear view mirror for sure.

scorpioncapital

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #72 on: January 16, 2018, 11:46:12 AM »
There have been times when rates were so low that stocks had a 50x p/e...just saying things may be elevated but look at bitcoin as an example of how high a bubble can go.

John Hjorth

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #73 on: January 16, 2018, 12:28:16 PM »
... While we are enjoying giddy prices every day, it seems, I do miss the buying opportunities at lower prices. "Lower" is a relative term, no? We have been spoiled by cheap opportunities (most recently 2015); Rear view mirror for sure.

The eternal Berkshire investing dilemma & paradox!, longinvestor. -Next time the big US banks lie crushed in a big pile, - and that will happen again - Berkshire is likely to become cheap [relatively] again. Good to have at least some cash ready for that. It's personal, how much, though. Some less, some more.

On the other hand, if one doesn't actually own BRK anywhere near what one actually want to own, just start buying, and time combined with Berkshire will do one good.
« Last Edit: January 16, 2018, 12:29:52 PM by John Hjorth »
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clutch

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #74 on: May 03, 2019, 06:31:47 AM »
Just wanted to revisit this post now that Berkshire bought Amazon... is it BRK breaking its principles or is it BRK evolving its mindset? And what about you?  ;)

clutch

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #75 on: December 05, 2020, 06:41:31 PM »
I had a Deja Vu of reading this thread and hence came here to report the last 5 year returns of FANG vs. BRK... just for fun.

FANG: 28.57% annualized
BRK: 11.26% annualized

p.s. S&P500: 13.99% annualized

alpha

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #76 on: December 07, 2020, 04:25:22 PM »
I had a Deja Vu of reading this thread and hence came here to report the last 5 year returns of FANG vs. BRK... just for fun.

FANG: 28.57% annualized
BRK: 11.26% annualized

p.s. S&P500: 13.99% annualized

I think the real surprise is that rates have been so low for so long, that is really the driving factor.

scorpioncapital

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Re: Grand Deja Vu? Techs tanked, BRK surged
« Reply #77 on: December 15, 2020, 12:31:51 AM »
Is it? How can we separate low rates by growth rate? Would tech growth rate be reduced by higher rates enough to make a difference, since higher rates also reduce value stock business prospects? The only explanation I can think of why Berkshire would outperform in higher rate environment is just cash which will be more valuable and some businesses like financials or utilities that may make more money in a counter-cyclical kind of way.