In the Q4 2024 Mastermind Discussion, Stig Brodersen, Tobias Carlisle, and Hari Ramachandra dive into their stock picks while examining Warren Buffett's substantial cash reserves at Berkshire Hathaway. They discuss possible reasons behind Buffett's cash accumulation, such as high market valuations, concerns about an economic slowdown, and considerations for legacy planning. Each participant shares their top stock choice: Stig favors Evolution AB, Hari opts for Occidental Petroleum, and Tobias highlights Alpha Metallurgical Resources. They analyze these selections for their potential, risks, and valuations. The conversation also addresses the tendency for groupthink within the value investing community and the difficulties of forecasting long-term market trends.
