u/denialof_

Berkshire’s operating businesses produce ~$45B in annual earnings, placing it among the top profit-generating companies even if its entire investment portfolio were wiped out. Market fixates on short-term stock picking performance, ignoring the stable, self-funding earnings stream and insurance float that allows low-cost capital reinvestment – this creates a mispricing opportunity for long-term investors. BRK.B is a compounding machine with intrinsic value far above current market perception, suitable for patient investors seeking steady, above-GDP growth. Prolonged market enthusiasm for high-growth tech/AI stocks could keep BRK.B underperforming; a sharp economic downturn might pressure operating earnings; succession risk if Warren Buffett’s presence is overvalued by markets.

Meta is investing billions in infrastructure for internal AI workloads, but the capacity could be sold externally (neocloud model), echoing Amazon’s AWS/ Trainium monetization story. The market is discounting Meta’s growth because it views CapEx as a cost, not an asset; if the neocloud narrative gains traction, multiple expansion toward cloud peers is likely. Long Meta as an undervalued growth stock with a hidden cloud catalyst, trading below market multiple despite faster growth. If Meta fails to actually sell external cloud services, or if ad revenue decelerates, the narrative collapses; also regulatory scrutiny or oversupply in GPU capacity could hurt.