jtmarlinintern t1_iuhafva wrote on October 31, 2022 at 9:55 AM

Buffet has a longer time horizon than most, as he will be patient, he is probably looking at what normalized values look over a cycle. I don't know enough about the sector, but you may be right, and contrarians make a lot of money when they are right

rylar t1_iuhiwqs wrote on October 31, 2022 at 11:41 AM

he’s 92

jtmarlinintern t1_iuhj2pq wrote on October 31, 2022 at 11:43 AM

the other managers are not

Unfair_Whereas_7369 t1_iujzqob wrote on October 31, 2022 at 10:21 PM

Buffet invests in companies with decades in mind. It’s legacy investment for him at this point. Age doesn’t matter.