Today, Warren Buffett was cured from the degenerate disease call Value Investing Syndrome. After taking the cure, Buffet realized that investing in companies that are in industries that don’t exist anymore is a bad strategy.
How Buffett Cured His Value Investing Syndrome
The cure came after Buffett stopped drinking Coca-Cola and instead began snorting coke, the white powder that Wall Streeters use to function at their highest level and hit their Bradley Cooper Limitless capacity.
The first London Value Investor Conference was held in April 2012 and it has since grown to become the largest gathering of Value Investors in Europe, bringing together some of the best investors every year. At this year’s conference, held on May 19th, Simon Brewer, the former CIO of Morgan Stanley and Senior Adviser to Read More
Warren Buffett was quoted in saying, “I was blind but now I see. Investing in IBM was the sole function of drinking lead paint as a child. On the flipside, investing in Tesla is the equivalent of taking quaaludes for a bad headache – it will make your day litter than lit.”
Charlie Munger still has Value Investing Syndrome – but he is still stuck in the 1950s, so he will be no trouble – his decisions have a 70 year delay in being factored into the operating at Berkshire Hathaway.
This satire article first appeared on The Stonk Market