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you can tell when Buffett has gotten disengaged with a company based on the number of times he mentions it in his
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annual letter I think this Buffet index is a really important one for Apple which is it went from a forever holding
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to barely getting mentioned unfortunately it speaks for a very bad next 5 to 10 years for this company
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unless they figure something out if you do not start seeing Revenue flow to the bottom line of these companies that are
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spending 26 billion dollar a quarter the market cap of Nvidia is not what the market cap of Nvidia should be and all
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of these other companies are going to get punished for spending this kind of money it doesn't all hang together yet I
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think the bigger question though is if we are on the verge of a real contraction in the economy even though
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the stock market for seven companies is hitting all-time highs the stock market for every other company that isn't those
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seven companies have not people are unemployed there is no money and the question is whether you have some sort
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of contraction economically that is measured by a recession or not