The 'Canadian Warren Buffett' warns tech stocks are more overvalued than during the dot-com bubble - and predicts a painful selloff
A billionaire investor dubbed the"Canadian Warren Buffett" has warned technology stocks are more absurdly overpriced than during the dot-com bubble — and predicted they will suffer a dramatic decline.
Watsa is the founder and CEO of Fairfax Financial, an insurance conglomerate with a billion-dollar stock portfolio that's often compared to Buffett's. He issued his grim outlook for US growth stocks during a fourth-quarter earnings call on Friday, according to a transcript provided by Sentieo/AlphaSense.
The value investor also pointed out that despite the market's rally this year, Big Tech stocks like Amazon and Tesla are still down sharply from their peaks in 2021. Moreover, their smaller peers like Zoom and Shopify have regained even less ground.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Photos: Day 4 of Astros spring trainingHouston Chronicle staff photographer Karen Warren captures Day 4 of Astros spring...
Consulte Mais informação »
Photos: Alex Bregman, Chas McCormick arrive at Astros spring trainingHouston Chronicle staff photographer Karen Warren captures the scene at the fifth day of...
Consulte Mais informação »
Car crashes into off-duty Warren Township firefighter’s truck in front of fire station (video)Warren Township Fire said this is the second crash involving the department’s firefighting personnel.
Consulte Mais informação »
Indigenous communities celebrate the return of a totem pole to Nuxalk Nation from Canadian museum | CNNA totem pole removed from an Indigenous burial site more than a century ago and kept on display in a Canadian museum has been repatriated to the Nuxalk Nation.
Consulte Mais informação »
Down to Business: Poutine restaurant offers French Canadian comfort food and jobs for special needs peopleA new poutine restaurant has opened in Naperville, offering jobs to those with special needs: 'It’s a comfort food from Canada. French fries, cheese curds and gravy. All homemade. All fresh. ...We have seven versions of poutine.'
Consulte Mais informação »