Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.
yeah, I personally ascribe to this view, and prefer index funds to alternatives like stock trading. My comment was meant more as a joke, implying the news is a reason to panic sell off Berkshire stock, lol - I don’t actually have any idea whether that’s a good idea, it’s probably not.
(I would have jokingly said the same after Steve Jobs died about selling Apple stock, and indeed there was a dip in stock price after his death, but Apple’s market cap was $300 billion before his death and after he died it more than doubled to $900 billion by 2017.)
Thats good. I try to use the opportunities like this to inform people a bit, because it is hard to know.
The efficient market hypothesis is so incredibly useful, and saves people from hubris and bad investment decisions. It always grounds me when I think about other investments and financial decisions as well.
yeah, I personally ascribe to this view, and prefer index funds to alternatives like stock trading. My comment was meant more as a joke, implying the news is a reason to panic sell off Berkshire stock, lol - I don’t actually have any idea whether that’s a good idea, it’s probably not.
(I would have jokingly said the same after Steve Jobs died about selling Apple stock, and indeed there was a dip in stock price after his death, but Apple’s market cap was $300 billion before his death and after he died it more than doubled to $900 billion by 2017.)
Thats good. I try to use the opportunities like this to inform people a bit, because it is hard to know.
The efficient market hypothesis is so incredibly useful, and saves people from hubris and bad investment decisions. It always grounds me when I think about other investments and financial decisions as well.