There's always been damn fool investors. You want to go where the value is. Buying stocks is like buying groceries.

I think they're in trouble. The SEC is going to force her out of the company. That would be very damaging.

From our point of view, if you have a company which is uniquely tied up with one personality, and something happens to it where that personality is not going to be effective, the reason to own the stock is strongly diminished.

These days, you've got day traders working from home, auto mechanics and grad students, who think they have it figured out. In the past, these (types of trends) have ended badly.

Everything to do with travel and leisure and theme parks and hotels and casinos is just getting mashed. But I think once people get over their shock and sadness, a vacation might seem like a good idea.

Since the Industrial Revolution began, going downstream - investing in
businesses that will benefit from new technology rather than investing
in the technology companies themselves - has often been the smarter
strategy.