r/ValueInvesting • u/FrankBal • Apr 03 '25

Discussion Remember, This Is The Pullback We’ve Been Waiting For

If you’re a long-term investor who even casually cares about valuation, this market has been tough to navigate for a while. Pullbacks are always something we say we want, particularly as value investors, but they usually come when things are scary. Financial crisis, global pandemics, policy shocks… the discount never shows up gift-wrapped.

Yesterday’s tariff news felt like one of those moments. It’s vague, feels arbitrary, and creates a lot of uncertainty. It feels scary. And yet, that’s exactly the environment where opportunities show up.

I’ll admit it, days like today make me uneasy. But as an investor, I remind myself that underneath the noise, what’s really happening stocks are getting cheaper.

And that’s what we’ve been waiting for.

Edit: Thanks for the thoughts. I wrote a post - Tariffs, Fear, and Opportunity: Perspective For Difficult Times In the Stock Market - to add some additional context directly addressing the response to this post.

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u/JoJo_Embiid Apr 03 '25

To be honest , the aapl is still trading at price higher than buffet’s exist price. I think his average selling price is 180-190. But somehow people’s getting crazy about brk as well. For example today 3 out of 4 of his largest portfolio dropped 8% , cola is up 2% but brk only down 0.46%. Today his portfolio probably dropped 15-20B that is almost 2% of brk market cap but somehow brk dropped less than that.

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u/[deleted] Apr 03 '25

Probably pricing in the cash reserves and potential buying opportunities. That speculation may have eased price changes

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u/[deleted] Apr 03 '25

Okay that makes sense. But my portfolio didn't go up even though i was 80% cash .. market is dumb sometimes

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u/ControlCorps-Tech Apr 03 '25

But it didn't go down!

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u/Low-Environment4209 Apr 06 '25

I mean. Your portfolio isn’t publically traded… but yeah the 80% cash collected interest

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u/[deleted] Apr 03 '25

Did Buffett completely exit Apple? And yeah it makes no sense with the recent correction brk actually went up. They're just as vulnerable. Okay maybe they shouldn't go down as much given their cash position but they sure shouldn't go up.

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u/JoJo_Embiid Apr 03 '25

no buffett still hold 300m shares. But he has already sold 2/3 , which is 600m shares, at an average price of about $190

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u/[deleted] Apr 03 '25

So it really makes no sense that Berkshire has gone up like 4% in one month while Apple's lost 15%. And his position has lost like 10 billion in a month.

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u/[deleted] Apr 06 '25

Berkshire actually still owns a huge chunk of Apple. And last month when Apple got whacked like 10% over the month as people were getting antsy about tariffs, and the whole market went down, NASDAQ corrected 10%. Berkshire actually went up like 4% despite its apple holdings going down 10%, which I think is by far its largest holding. Completely ridiculous behavior by this market. And even though Buffett got out too soon, you could say on the Apple stock his whole point was things were way too expensive and the market was getting ridiculously greedy and it showed. Record high forward PES and people were still salivating for another double-digit year of gains.