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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: OldAIMGuy who wrote (18807)12/26/2022 12:39:33 PM
From: Zen Dollar Round   of 18928
 
Next year will be harder to predict, I predict. :-)

Yes, goes back to Warren Buffett's quote about buying when there's "blood in the streets" and profiting from that. Pretty amazing from a guy who said for decades he didn't understand the tech stocks or that market. It it is hard when the PE ratios and other traditional measures of a company's value and growth prospects are so out of whack in the beginning when they start out and for a decade or more in the cases for the ones that survive, like Amazon.

Buffett's rules still apply though, as do the ones for measuring a company's growth prospects and future value. I'd say Mr. Buffett is a successful investor in the eyes of most people. He's giving his wealth away as he ages and has been for a long time. It's the right thing to do to help the world, and after all, you can' t take it with you!

So, once again, watch the 3-part Netflix documentary about Bill Gates called Inside Bill's Brain: Decoding Bill Gates and see Warren Buffett's part in it when he talks with Bill at a favorite diner of Buffett's, while Buffett eats a hamburger and puts extra salt on it.

Gates loves hamburgers too, his favorite place to eat was Dick's Drive-In back in the day, a very popular Seattle-area fast food chain. One location was just down the hill from Microsoft's old corporate HQ in Bellevue, WA, next to I-405. Gates' receptionist reportedly had the phone number on speed-dial because he liked to have lunch from there so often.
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