Social Networking Sites: Investing Like It's 1999

March 30, 2011

Social Networking Sites: Investing Like It's 1999

Ruh-roh.

Warren Buffet, in his own way, says Ruh-roh...

“Most of them will be overpriced,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), said today in New Delhi. ”It’s extremely difficult to value social- networking-site companies,” he said, without specifying companies. “Some will be huge winners, which will make up for the rest.” Bloomberg News

Oh, well.

I was dreaming when I wrote this, so sue me if I go to fast.

Prince has the best advice for those already trading shares in the huge losers (those that will make up for the huge winners):

Tonight, we're going to party like it's 1999.

Posted on March 30, 2011 at 12:05 PM | Permalink

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