Posted on 05/19/2020 12:57:12 PM PDT by MeneMeneTekelUpharsin
Buffet is a brilliant investor as the history of Berkshire Hathaway shows. His investment strategy was based on the normal ups and downs of a normal market. His strategy never included the present covid disease and more importantly the models from Imperial College in London.
Those models are crap and totally wrong. The world accepted the models and thus inflicted an economic wound to itself.
I assure you Mr. Buffet is adjusting his investments to reflect the present insanity. On the other hand he just may say to hell with it and retire with his many many many billions of dollars.
Thank you for a well-thought-out, respectful answer. I made quite a bit of money today in the market and was just asking a question. I am getting to where I do NOT like disrespectful, critical people who think I know nothing and can not make money. I am unable to describe the depth of rage against people like that. I believe some guys are ONLY trying to provoke a person so they can then make fun of the person when they go off. I am not going to play the game. I respect your ability to answer the question.
Now, that was a jewel of information. Thank you too for an appropriate response AND for providing valuable information. Buffet selling almost out of Goldman Sachs is HUGE news to (s)he would would take note. Thanks!!!
Wrong type of answer bordering on critical again. You guys NEVER learn. Absolutely not. It is only one small slice of reference points that I am watching. I believe I am going to quit casting my pearls before swine. We've had some fellas on here give some real insightful answers. Yours, a teenage response. If you can not come up with a reasoned response due to the inability to write a cohesive thought, please refrain. Thanks.
That sound quite plausible. Thanks.
Now, THAT is my direct philosophy of the entire paradigm. Thanks for the post.
You may be right. I am not buying ANYTHING to hold right now. Nothing. I do not think the bloodbath is over yet.
Yer welcome. There’s usually a reason why something is happening in the market. Might be a good reason, might be a stupid one - but there’s a reason.
Serious answer: Berkshire is full of finance and transport companies. When the market is trying to figure out where it’s going the finance stocks are not going to perform. When nothing is moving by air or train, those stocks will falter.
If you read an array of finance sources you know that things are not coming back as well as some believe. Earning are going to suck for a year. If industry doesn’t pick p in Europe and Asia, things could get very grim.
I don’t think it’s “insider/big money” folks who are apprehensive. I think the “Mix” of Berkshire is more slanted to a 1980s version of the world. Buffet buys what he knows. He has intentionally held “tech” at arms length.
That is why that group is not going to look great for the next few quarters.
Is that more what you were looking for?
Not necessarily. Each person has his/her perspective. In the gathering of information by, for example, the CIA, thousands of bits of information are gathered by employees of "The Company" and a central processing center then sorts/evaluates/etc. that information and many times, suddenly, they have a picture of an event that is going to happen. The "aggregate" of the information gives one a true understanding of what is happening.
It takes lots of bits of information in the financial world to finally figure out what is going on. Any one person will not be able to see the big picture. We're getting some of that information this thread right now when people answer in a mature manner. That is why this is Free Republic and the rest, to use the common vernacular, "suck".
It seldom is when one tries to address an individual who is a product of incest coupled with ignorance and an added dose avoidance of, lack of, or just plain absence of education from a system with actual values.
A much more reasoned answer sir. Seems like a lot of valid points, but we need more information.
“Buffett really doesn’t like to split shares, does he? “
there’s a class b, brk.b, going for $174/share right now ... class b was created for smaller investors ...
Free Republic is good for the “odd” stories that are plucked from the back pages. The very, very early reports of the “new flu” in China was a great example. Of course, it’s all noise now.
But every once in a while there is a gem out here in the rough.
“Asking” for information on any of these threads is an exercise in futility.
Not always, but it’s getting that way. :(
Must be the real estate portion. Cant buy or sell in some states.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.