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> Tech bubble like 1999 It’s not 1999, the biggest tech companies make a ton of money. > Remember when Buffet said to be fearful when others are greedy? Well
by quickthrowman 6y ago
> Tech bubble like 1999
It’s not 1999, the biggest tech companies make a ton of money.
> Remember when Buffet said to be fearful when others are greedy? Well right now he's investing out in Japan
Berkshire bought into the SNOW IPO last week... That’s an American tech company.
> I bought into value stocks last week
You can hold IWM, I’ll stick with XLK. I bet I’m up more than you one year from today. Mega caps can use 0% financing a lot more effectively than small caps can.
- freehunter 6y agoMicrosoft, IBM, and Sun were all profitable in 1999 too. It’s not the big tech companies that people were/are worried about, it’s the billion dollar startups who will collapse in a year or two. Uber and Palantir (et al) aren’t Hewlett-Packard, they’re Pets.com.
- quickthrowman 6y ago> Microsoft, IBM, and Sun Did not make up 20% of SPX in 1999. FB, AAPL, MSFT, GOOG and AMZN do.
- louthy 6y ago> I bet I’m up more than you one year from today. Those are exactly the types of exuberant comments that are hyper prevalent before a crash.
- quickthrowman 6y agoWhat are your positions? My retirement funds are 100% US equities, overweight tech. My taxable account is 150% into pure tech. I’m not just saying words on the internet, I’m putting money behind my thesis.
- freehunter 6y agoYep and there are plenty of gamblers on /r/wallstreetbets going broke (and sometimes committing suicide) following strategies like this. It may be working for you and you may have the risk appetite for it, but encouraging other people to pursue ultra-risky investments (really, to gamble with money they don’t have) is incredibly dangerous and has resulted in at least one human death.