“ ‘Think about what Apple is worth compared to John D. Rockefeller’s empire.’ ” That’s Berkshire Hathaway BRK.A, -0.56% Vice Chairman Charlie Munger talking this week about the “frenzy” in the stock market as exemplified by Apple AAPL, -1.59%, which he deems as “the most dramatic thing that’s almost ever …
Read More »In One Chart: Warren Buffett’s ‘yardstick’ for stock-market values still points to ‘very elevated’ downside risk
The stock market broke new ground last week in terms of the breakneck speed of its selloff, with the S&P 500 SPX, -2.34% dropping 10% from its record high in a mere six days, faster than any other time in history. Must be some hot bargains out there, with stocks …
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