Key insights
- The author expresses concern over Berkshire Hathaway's recent investment decisions following Warren Buffett's departure, viewing them as a departure from the company's long-held value investing principles. The shift towards high-growth stocks like Google and Dell, and even Macy's, suggests a potential decline in investment discipline and a move towards speculative trading, potentially negatively impacting investor confidence in Berkshire.
seriously though… for 50 years everyone at berkshire acted like they were above hype stocks and “speculation.” then the second warren steps away they start buying google near highs, dell after it already ran, and freaking macys lol. macys?? the same company people joke about every year being dead?
it honestly feels like they were all waiting for buffett to leave so they could finally start gambling with the berkshire name attached to it. imagine listening to decades of lectures about discipline and valuation just to end up chasing whatever wall street is pumping this quarter.
kinda proves buffett WAS berkshire. without him this just looks like another giant fund pretending to be smarter than everyone else.