- Entry
- $461.81
- Now
- $483.49 +4.7%
- Target
- —
- Score
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I've been reading Poor Charlie's Almanack while watching Reddit freak out (and then rejoice) about markets. Meanwhile my holdings (ADBE, FDS, CMCSA, THC, BRK-B, CB) have been doing well. Of course we know that Berkshire Hathaway is named for a textile company Buffett bought and came to regret. When someone asked whether to invest in a new loom to drive down costs, Munger said that it was a terrible idea. The benefits wouldn't go to the investor, but rather to …
— ORIGINAL POST ·
Charlie Munger said investing in a new textile loom was a terrible idea because the benefits would accrue to the customers rather than the investor. I wonder if the same is happening with AI CAPEX.
· r/ValueInvesting
· Jul 31, 2026