"We've seen companies with market caps of tens of billions of dollars that are worthless, and seen other companies that trade at 20-25% of their true value.

It eventually gets sorted out. But the speculative mania in one area is not creating equivalent discounts elsewhere.

We're not finding businesses at half their real value today.

Forty-five years ago, I had lots of ideas and no money.

Today, I have a lot of money but no ideas."

Warren Buffett