Yooper, I hope you're right. All I can say is, be careful out there. Personally, I still think there are a couple of scary scenes left in this horror movie.
I know. You think I'm just another one of those Ned Negatives who tries to find fault with something all the time. Well, I hope not, but go look up the full text of that interview with Buffett I just posted.
Seems as though ol' Warren recently sold his Freddie Mac (or was it Fannie Mae?) because, ahem, the risk profile had changed.
Now remember, we all laughed at Warren because even he admits that he doesn't know ANYTHING about technology stocks.
Which leads to the question, so what does an individual whose worth $35 billion know? Apparently, from time to time, he knows when to sell, for one thing.
(I'm going to jump in here and add that risk comes in different forms, including political risk, and leave it at that.)
The market is shifting. Greg, I mean, Boplicity has said he sees it as a spring with a pen attached as a rolling sheet of paper goes by. I can see it that way, too. Another way I can see it is like a teeter-totter without a fixed fulcrum. In other words, the amount of weight needed to make it "imbalanced" changes.
OK, granted, I can make anything sound complicated. But it's really not. Just don't ask me to explain it.
In closing, I would suggest looking for companies that have gained market share in this funk, as Buffett suggests.
Some appear in the sample portfolio on this thread. How convenient.
PB |
