Prem Watsa, a billionaire investor known as “the Canadian Warren Buffett,” says technology stocks are more overvalued now than during the dot-com bubble.
Prem Watsa, a billionaire investor known in the financial press as “the Canadian Warren Buffett,” says technology stocks are more absurdly overvalued now than they were during the dot-com bubble.
“Valuations of value-oriented stocks versus growth stocks, particularly technology, have never been so extreme, exceeding even the extremes of the dot-com era in 2000,” Watsa said during an earnings call for his firm, the Canadian insurance conglomerate Fairfax Financial Holdings FFH . To support his point, Watsa offered up a comparison to the dot-com crash between 2000 and 2002, which saw U.S. stocks record three consecutive years of losses led by the tech-heavy Nasdaq. The Nasdaq Composite fell by roughly 39.3% in 2000, followed by a drop of 21.1% in 2001 and 31.5% in 2002.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Canadian Warren Buffett': tech stocks at dot-com highs, set to plungeThe 'Canadian Warren Buffett' warns tech stocks are more overvalued than during the dot-com bubble - and predicts a painful selloff
Weiterlesen »
ChatGPT recommends 5 investing books and 2 are linked to Warren BuffettChatGPT recommends 5 books to become a smarter investor - including 2 tied to Warren Buffett
Weiterlesen »
Tim Ferriss asked Warren Buffett how to invest $1 million in 2008Tim Ferriss asked Warren Buffett how to invest $1 million. Park it in an index fund, 'forget it and get back to work' was his advice.
Weiterlesen »
Photos: Day 4 of Astros spring trainingHouston Chronicle staff photographer Karen Warren captures Day 4 of Astros spring...
Weiterlesen »
Photos: Alex Bregman, Chas McCormick arrive at Astros spring trainingHouston Chronicle staff photographer Karen Warren captures the scene at the fifth day of...
Weiterlesen »