Tops are such an interesting topic. Abbey Joseph Cohen successfully promoted the big caps including many non-techs like AIG and GE from the period 1996 all the way up until 2001. And Abbey didn't lose her incredible reputation until 2008 yet...

...almost 100% of the stocks she was famously promoting were over-valued way back in 1996. Even given the earnings just before the financial crisis more than ten years later the bulk of her promotions were over-valued...again in 1996.

So years and years of CNBC presentations proved off-base...unless of course you sold into the price gains.

What's the value of the go-go crowd stocks and other unique trophy assets that are popular today? The truth is we don't have a clue, it takes time.

Berkshire Hathaway FAQ

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