Leaderboard

Here is one more soundbite from the WSJ interview with Charlie, Re: Apple Charlie Munger isn't too worried about Apple's valuation. During a recent conversation with the Berkshire Hathaway vice chairman, I asked if he thought the tech giant's shares have gotten expensive to continue being a major Berkshire holding. Apple is trading at about 26.7 times its projected earnings over the next 12 months, compared with a 10-year average of 18.5, according to FactSet. “I don’t think we’ve got any rules about what we do at Berkshire. If it makes sense at the time in a rough kind of way, we do it. And that’s our system,” Munger responded. “I would argue that Berkshire would have less advantageous future prospects if we didn’t have our Apple.”

So Brett does not understand people can learn and grow from their mistakes. I’m talking about Prem as well as Brett himself here. Oh well, it’s his grave…

Brett is doubling down on his analysis. https://www.morningstar.com/stocks/fairfax-earnings-positive-momentum-continues