So NVDA down by over 7%...this week. A big earnings beat totally IGNORED. AND....as TireSmoke mentioned....it is now RED for the past SIX MONTHS....down by.....1.65%. So I guess all their business success over that time has now....simply....EVAPORATED into thin air. POOF..... Seems a little EXTREME to me......(understatement of the century).
A nice little article that is probably right on point when it comes to AI and job disruption. All of the Jobs That No Longer Exist https://awealthofcommonsense.com/2026/02/all-of-the-jobs-that-no-longer-exist/ "Heading into the 19th century, about 70-80% of all jobs in the industrial world were in agriculture. Most people were farmers. By 1870, more than half of all men owned or performed labor on farms. Today less than 1% of the U.S. population works in agriculture........."
The action this week seems pretty IDIOTIC when you read this. It all boils down to one thing....basic HUMAN BEHAVIOR when faced with new and potential societal changes. The greatest danger from AI......emotional humans...reacting to FEAR of the unknown. The week when AI changed everything https://finance.yahoo.com/news/week-ai-changed-everything-080033414.html ........"The steep declines this week showed just how on edge investors are regarding AI — even when the news is good, or when doomsday scenarios are completely made out of thin air........."
it probably was time for Buffett to retire.....and....going forward this company is going to be very different. The OLD DAYS....are OVER. Berkshire Hathaway operating earnings fell nearly 30% in Warren Buffett’s final quarter as CEO https://www.cnbc.com/2026/02/28/berkshire-hathaway-brka-q4-2025-earnings.html
There is always a winner and a loser. OpenAI strikes deal with Pentagon, hours after rival Anthropic was blacklisted by Trump https://www.cnbc.com/2026/02/27/ope...rival-anthropic-was-blacklisted-by-trump.html
YES....as anticipated. U.S.-Israel launch massive attack on Iran https://www.cnbc.com/2026/02/28/trump-us-military-iran-strikes-middle-east-oil.html
Of course they are.....this company is a BUSINESS MONSTER. Luckily they do not pay any attention to the media. They are going to POWER FORWARD....regardless of the IDIOCY put out in the media and in spite of the manipulation and HATE directed at their stock. At the same time....the most DOMINANT company in the world.....and...the most DISRESPECTED company in the world. Nvidia plans new chip to speed AI processing, WSJ reports https://finance.yahoo.com/news/nvidia-plans-chip-speed-ai-032246645.html
Talk about human behavior and fear and panic. YES....I consider the past couple of months a CORRECTION. YES....I am only down by about (-4.2%) year to date. AND....in the long term scheme of things...this is a pittance. Consider the..... HUGE GAINS....that I had last year and over the past 6-7 years. Consider the..... HUGE GAINS that I still have in PLTR and NVDA. AND...even though we are in a very erratic and IDIOTIC volatile market....I am still doing just fine over the medium to long term. I HATE the current short term market action......but......it is what it is. As an investor I have a couple of choices: 1. Panic and sell and lock in the recent losses. OR 2. SIT and do nothing and IGNORE it all.....on the PROMISE of the long term. OR 3. Perhaps re-balance a bit to get my portfolio back in line with my current emotional make up and risk tolerance. For me the correct answer is NUMBER 2. For others....well you have to do what is right for you and your situation. I really doubt that most people have much of a LOSS...... in spite of the HORRIBLE feel to the markets right now.
A very important topic for anyone nearing age 65.....MEDICARE. Medicare 101: New book explains what most of us don't know about healthcare in retirement https://finance.yahoo.com/news/medi...about-healthcare-in-retirement-153033448.html
