Said's mention of the Saul's experience is to me relevant enough to be posted here on the board. The reason I think it is relevant is that it is completely rational to question very large intelligent people's group/cult-like behavior when it goes to what is always in clear current view and hindsight an illogical manner or place. Saul's erronous thinking was screaming at his huge, and it was really huge, following.

Yes it is irrational and many who knelt at Saul's alter will have a lifetime of poor investment returns because of it. The Berkshire board is not only a place for Berkshire discussion but a Charlie Munger-like place for logical discussion. And we do that here for the most part.

I felt it my obligation to post on the old Saul's forum and of course it was condemned and deleted. Since the post the stocks in that obsession have lost at least 70% and the grand leader marched right out of those stocks into ones that have lost 25%. You can't start investing with $100, end up a couple years later with $20 and think you are going to match a market multiple over 20 years.

But anyway it is what it is, price envy and short term thinking is 95% of all investment forums and at times was the focus of the old TMF Berk board. It seems we've moved from that.

Meanwhile, right here close to home we've had some Brookfield obsessions in the past. Being a multi-decade owner of Bruce's what is now a "yardsale" in my opinion the group has as-of-yet been wrong (based on the stock price...which itself of course may be wrong). But it was against the rules to question the theme, and it is going to be interesting to see if what happens there. I'll probably add to BN today.

Life is great...if you can stand it! I appreciate Said's reminder that a mention of something Charlie Munger would surely mention is not off-topic. It is a glaring, screaming, in-your-face wake-up call to stay rational and patient.