4 ms·
Longtime Berkshire Hathaway Investor Loses Faith in Warren Buffett
- hyperpallium 7y agoBuffett's strength is in downturns - when stocks are "on sale". He needs ready cash for that. He dissolved his first firm because times were too good. He might be increasingly at a disadvantage for web companies - OTOH, I don't think anyone really knows how to value them long term. YC does well picking "stocks" pre-IPO, pre-revenue, pre-product, but an utterly different model (and long-term still unknown). YC startups passed $100B last year, are $155B this year. 7% ownership is $10.85B. How long before YC overtakes Berkshire ($348.7B)?