The Goldilocks Number, SEC vs. Coinbase, and Protecting Your Portfolio 8/4/23
The Exchange
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The Financial Euphoric Episode Is Going to Get Solved With Difficulty
Berkshire Hathaway's Warren Buffett believes the financial euphoric episode is going to get solved with difficulty. He says 40-year-old companies that are mature, we would consider 30 to 40 times earnings maniacal. At some point, you come in and the historical market, both those 15, the market goes to 13 and those stocks go to 18 times earnings and you get some serious damage.
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Transcript
