Replies to post #1466 on Berkshire Hathaway Inc (BRK.B)

[bar1080]

So I'm not utterly alone on IHUB in valuing longterm charts. What I'm looking for is the stock's performance after the dot com crash and in the 2008-2010 meltdown. I also look to see how its peers did in tough times. There's absolutely no evidence a chart can PREDICT short term movement but they can reveal at a glance much about the firm's past.

I try to create a bullet proof portfolio of "talented" stocks (think of a symphony orchestra) that can keep the music playing in good times and bad. Very, very few IHUBers think like that.

As for early stage stocks, like the atrocious BABYF, and smallish turnarounds... I have zero interest in them. The attrition is terrible. Newbies these days are making big mistakes investing in GoFundMe, Angel Investing and Shark Tank type plays.

"If I only had a single metric
to use in picking stocks it would be the 10 and 20 charts"

[bar1080]

There's a obscure company in the Buffett/Munger group, Charlie Munger's Daily Journal Corp that trades on the Nasdaq under DJCO. This video of their SHM from February is fun. Watch the first few minutes as Charlie munches on peanut brittle and gets handed a can of Coke. Young people come up and take selfies with Charlie who offers some pretty funny jokes.

Ever follow DJCO?

Watch 96 year old Charlie run the SHM. He directs some cracks at politicians and takes questions. Talks about China, Japan, Bitcoins. And Tesla and electric vehicles.