'Canadian Warren Buffett': tech stocks at dot-com highs, set to plunge

A billionaire investor dubbed the"Canadian Warren Buffett" has warned technology stocks are more absurdly overpriced than during the dot-com bubble — and predicted they will suffer a dramatic decline.

Watsa is the founder and CEO of Fairfax Financial, an insurance conglomerate with a billion-dollar stock portfolio that's often compared to Buffett's. He issued his grim outlook for US growth stocks during a fourth-quarter earnings call on Friday, according to a transcript provided by Sentieo/AlphaSense.

The value investor also pointed out that despite the market's rally this year, Big Tech stocks like Amazon and Tesla are still down sharply from their peaks in 2021. Moreover, their smaller peers like Zoom and Shopify have regained even less ground.

Nederland Laatste Nieuws, Nederland Headlines

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Down to Business: Poutine restaurant offers French Canadian comfort food and jobs for special needs peopleA new poutine restaurant has opened in Naperville, offering jobs to those with special needs: 'It’s a comfort food from Canada. French fries, cheese curds and gravy. All homemade. All fresh. ...We have seven versions of poutine.' I've been to Quebec many times, and this place in Naperville is *very* good, with some twists on tradition. Plus the employees are great. Check it out if you are out west.
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