Billionaire Warren Buffett's Favorite Valuation Tool Just Made Dubious History — and It Couldn't Be Worse News for Wall Street
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Warren Buffett’s outsized investment returns at Berkshire Hathaway have made him Wall Street’s most-followed money manager.
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Stocks are historically pricey, and the affably-named “Buffett Indicator” proves it.
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However, Buffett would never suggest betting against America and has positioned Berkshire’s $296 billion investment portfolio and owned assets for long-term success.
The Burst
1 Growth Stock A Billionaire Is Buying
The Nasdaq Composite entered a bear market in Q1. One investor treating the pullback as a buying opportunity is billionaire Israel Englander of Millennium Management. He added to his shares of The Trade Desk, an industry leader gaining momentum in the programmatic advertising space.
Although analysts have been cutting price targets for growth stocks,
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Read MoreThe Ivy
Market Commentary: Up 600% This Year, We Nailed It
On June 6, we featured IONQ. If you’re not familiar with it, IonQ is a quantum computing company that develops and operates trapped ion quantum computers.
The technology uses individual atoms as qubits, which are the basic units of information in a quantum computer. IonQ’s computers are designed to solve the world’s most complex problems,
» Read more about: Market Commentary: Up 600% This Year, We Nailed It »
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