Warren Buffett – Bubbles Can Last for a LONG time

With high valuations of stocks and some stocks like Tesla reaching very high levels, I found this video clip by Warren Buffett useful –

“If a company is worth $10 billion then it has got to be able to give you $700 million to $800 million next year. If it cannot do that then it has to give maybe 10% more than that the year after and continue … there aren’t a lot of businesses that can do that…”



h/t vanSin19