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Lead story. CNN

It’s been a tough start to the year for investors in big tech companies. Cathie Wood’s ARK Innovation fund, a big owner of Tesla, Zoom and Roku, has plunged nearly 30%. And speculative meme stocks like GameStop and AMC have been crushed.

But that’s not causing Berkshire Hathaway’s Warren Buffett to lose any sleep.
Banks, energy firms and other value stocks have rallied this year, which is great news for Buffett since the Oracle of Omaha’s conglomerate invests in many of these companies. Value stocks typically have lower price-to-earnings ratios, and they’re definitely not trendy.

Berkshire Hathaway (BRKB) shares are up about 3% this year and near an all-time high, while all the FAANGs, Microsoft (MSFT) and Tesla (TSLA) are deeply in the red. FAANG refers to Facebook, Amazon, Apple, Netflix and and Google


Conclusion: buy low and sell high says its time to sell Berkshire Hathaway and buy tech stocks.

Is that what you recommend?

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I don’t recommend anything. I only follow one company.