Regarding BRK's downgrade right before their quarterly report, as lions noted before, analysts recommend the opposite of what they do. It sounded like price manipulation. Sure enough, BRK reported a big jump in profits after the downgrade. Of course, if it was legit, it would symbolize a peak of dysfunction by downgrading everything which isn't Nvidia. It still didn't go anywhere near past lows from the downgrade. Lions believe it represents the fair market value. Being overweight BRK, the lion portfolio has been a dumpster fire for the whole year of course. The competing duality of VOO & BRK actually kept it from going anywhere, but lions view the S&P as extremely overpriced. Suspect the S&P is going to take a Nikkei 225 nosedive & similarly not recover for 35 years. There is no passive investing. The benchmark nikkei boom was 300% in 5 years so the S&P probably has a way to go. The S&P stands at 200% in 5 years. ...
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Showing posts from November, 2025