That's sound advice from Mr. Buffett himself. Here's just a few signs that we may be nearing a correction in the next few months.
Facebook's value jumps to $56 billion: It was only $35 billion a few weeks ago. This one may not be that off. After all, if Facebook were a country it would be the third most populated, behind India and then China. What other company can say that? That being said, remember MySpace? How about AOL?
Twitter's value is supposedly $3.7 billion: This one makes less sense. Twitter has plans to generate revenue. Most people also make plans to lose weight after New Year's. We'll see which one is more successful.
Groupon Rejects Google: Half of startup business models are focused on getting bought out by Google. So when the search giant shows up with $6 billion in cash, who in their right mind says no? Actually, it seems that the main issue was that Groupon was afraid Google would get caught up in anti-trust litigation and so demanded a kill fee that Google wasn't willing to pay. Still, $6 billion for a service that spams its users with deals, just happens to be operating during the one time when Americans are most likely to use coupons, and turns off 40% of the merchants who participate in it?
FourSquare Worth $95 million: Another fad service that happens to be operating in an environment in which both Facebook and Google have the potential to quickly dominate it. Remember back to every bubble when people were saying, "This time it's different"? It never is.
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