I was reading an article about Meta and Google employees (already not known for being poor) being very jealous of their increasingly rich Nvidia counterparts…
7 Likes
Talk about entitlement…
1 Like
I think it’s common tendency to link your salary to your talent and your net worth to your abilities. And when someone else trumps you, it breeds jealousy.
However the reality is that luck, right place right time, supply demand balance of certain skills, and your environment plays much more importance in your net worth rather than your own abilities.
People should be humble, and have peace with what they have. Otherwise they would always find someone else richer and „less deserving“ in their eyes.
14 Likes
Slow but steady kind of corresponds to the attitude of value investing 
https://www.visualcapitalist.com/berkshire-hathaway-1-trillion-club-how-long/
1 Like
Seems to me the market is actually a bit more chill than I thought. Sort of a “soft nVidia landing” Yahooist Teil der Yahoo Markenfamilie
Then again I’m an optimist, as Churchill said it’s no good being anything else.
Also a very happy BRK shareholder, bought my first (and only, to date) 4 shares of BRK.B on Jan 8th, 29% up YTD, cost basis of $365. A position I intend to build on ‘till the sun don’t shine, and leave to my kids.
Let’s see what the US rate cuts will bring. Theory says small cap should boom, let’s see, not overweighing small cap but hopefully the overall sentiment will rise all boats. Market did fine with non-zero rates anyway, no need to have zero interest rates anywhere, breeds recklessness imnho.
2 Likes
I’ve always wanted to buy but always found it to be a little too expensive. I guess, I will never be able to buy it ‘at good value’ because Buffett will buy back at that point.
It was the same with gold. However, a few opportunities did come up and I bought on some dips and held my nose and bought at values I didn’t think were good value.
Now I also bought into emerging markets, which until now I had almost no exposure.
3 Likes
Yeah, same as @PhilMongoose – can’t really bring myself to buying it since the market almost always puts a premium on it. Oh, and no dividend.
Plan is to buy the dip when Buffett joins Munger.
I recently started screening through the MSCI Emerging Markets equity index and – FASTgraphs wise – saw interesting stuff … but then again just the other day at work I chatted with a portfolio manager trading EM and heard stories about Taiwanese (or was it South Korean?) companies sometimes sitting for weeks and months on dividends past their due payout date because of currency control regulating capital flows … and felt discouraged again.
Maybe a non issue if you’re not income oriented.
That‘s like the biggest plus of it 
I don‘t like taxes
3 Likes
Nice start into September, historically allegedly a volatile month.
Anyone buying dips today? I mean, sorry, not dips, but in 2024 terminology blood-in-the-street market crash opportunities available today?
I’ll go first:
- Unum Group (UNM)
- SFL Corp (SFL)
- Patria Investments (PAX)
Only dipping my toes, hoping for less shallow … blood puddles than today further down the month.
1 Like
It doesn’t seem to be the year of the end-of-the-month DCA strategists like myself 
3 Likes
The market cold-heartedly decided to arbitrage away your market timing strategy.
(Please let us know when you’re ready to deploy your new timing strategy and roughly when you plan to start … 
)
1 Like
BRK the lighthouse 
Almost an uncorrelated asset
4 Likes
To add a little local color here’s the headline from Switzerland’s largest newspaper blick.ch:
Everyone panic now.
(But orderly)
6 Likes
The panic was visible in Semi conductors. NVDA down 10% in a day. Being a multi trillion dollar company , 10% means something
Tough for small players to rescue unless big funds buy the dip.
I have to say US market might be more vulnerable to these sell offs because it’s priced for perfection. If AI exponential growth story breaks then market can drop because of re-valuation and not necessarily earnings growth.
In the meantime, BTC is in bear market (if 20% rule applies to store of value asset classes).
1 Like
Oh noes, SMI is +9% YTD now, we all gonna die
5 Likes
Looks like it’s poised to fall a little more today. Roughly a chill 50 billion or so, just about the market cap of a Honda or so.
I’m still not a buyer, though as there was maybe a little too much panic FOMO on the way up as well?
Yes. It seems like NVDA price has no real bounds. It can swing fast either ways because there is a lot of uncertainty
The key question some banks are asking is -: if the demand for AI chips already peaked because most people who wanted to buy without having proven monetisation plan have already bought. But of course tough to know.
I just hope it falls slowly and not like a rock. 
1 Like
Stock market makes me wish I’d just YOLO’d everything on BTI.
2 Likes
Can you imagine what would happen if they changed their ticker to BTAI?*
* Unfortunately, it seems already taken by Bioxcel Therapeutics. Though ... if you squint a little, consuming nicotin is a form of bio, ahem, therapeutics ... and BTAI's market cap is just USD 25M ... so they could just buy the company with pocket change and use its ticker going forward and ride the AI wave (though admittedly it seems to already fizzle out a bit).