Buffett checklist resurfaces
Value investors are re-sharing the Buffett playbook: look for rational management, simple businesses, high ROE, and owner earnings (earnings + D&A − capex) — and buy at a discount to intrinsic value x.com Buffett checklist. Threads also warned that cash is “necessary like oxygen but not a good asset,” and flagged extreme multiples: SNOW ≈100x EPS, CRWD ≈74x, NET ≈200x — the implicit pitch: concentrate in your best ideas (Buffett has 40%+ in Apple) rather than chase froth x.com valuation thread x.com concentration note.
Buffett called cash “necessary like oxygen” in a recent interview [cnbc.com], and Berkshire was holding roughly $370 billion in cash equivalents at year‑end 2025 according to coverage of the company’s filings. [newsbreak.com] Analysts pointed to revenue‑based metrics for many cloud names: Snowflake’s price‑to‑sales ratio sits near 13.1x in public screens, a reminder that sales multiples are often used when EPS is negative. [simplywall.st] Several high‑profile cloud and security firms report negative trailing EPS, which makes conventional P/E comparisons misleading for valuation debates — data pages show negative TTM EPS/PE for Snowflake and for Cloudflare in recent reports. [financecharts.com] Commentary that urged “concentrate in your best ideas” arrived alongside evidence Berkshire materially trimmed its Apple exposure between 2023 and 2025 — analyses documented roughly a 75% reduction of the early large position — and filings suggested further activity into Q3 2025. [fool.com] Mainstream outlets and advisory blogs amplified the checklist revival: CNBC ran pieces on Buffett’s cash remarks [cnbc.com], while broker commentary and investor‑education posts revisited Buffett’s case for intelligent concentration. [interactivebrokers.com]
