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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sean Collett who wrote (74073)	10/27/2023 1:30:59 PM
From: Harshu Vyas	1 Recommendation Recommended By JohnyP Read Replies (3) \| Respond to of 78520

I bought the dip on Meta (sold way too early for a 40% profit) - and it still proves my point. How long was Meta undervalued for? A month at best. A speculator's dream. I think everyone on this thread understands that Buffett never "overpaid" for any business. But even Coke he bought at, what, 15x earnings? Still cheap by any measure. (If memory serves me well.) What about GEICO or AmEx? He bought them cheap!!! Sometimes I feel that people try and twist this narrative. And I've mentioned Buffett acting like a speculator in the past - remember when he sold his portfolio a week before Black Monday? He simply doesn't follow his own advice. But you can't criticise good, old grandfather Buffett. (I don't hate Buffett - just think he deliberately oversimplifies and misleads the public. Young Buffett was far more candid and its shown in his letters.)