Skip to comments.Berkshire Hathaway ($266,404 per share) has been trading down from yesterday all day
Posted on 05/05/2020 9:40:19 AM PDT by MeneMeneTekelUpharsin
Berkshire Hathaway class A stock (BRK.A) has been trading down all day today from yesterday's close while the overall market has been up, the DOW at one point over 415 points up.
(Excerpt) Read more at marketwatch.com ...
Perhaps they have some “reinsurance risk” like the people who insure a payoff in case certain events (i.e. Olympics) get cancelled.
How a single stock moves in a single morning is virtually meaningless.
How Berkshire Hathaway stock moves is NOT meaningless. lol.
“the DOW at one point over 415 points up.”
So.... 416 points?
Could remember the exact amount and don’t have time to look it up. Look it up if it concerns you that much.
they have a lot of uninvested cash as Buffett mentioned - earning zip, not participating in the market’s upward move.
Maybe that is the reason, maybe not. One would know the potential of Buffett stock if one were buying it. Something else is afoot. We will soon see.
Buffet’s railroad holdings used to ship a lot of oil. That’s down. They also were a major beneficiary of traffic to and from China. Also down.
He has retail holdings like See’s Candy and some furniture store whose name I forget. They are closed due to quarantine.
But it could be due to investors who need to raise cash and have to sell their stock regardless of how Berkshire Hathaway is doing. All boats go down when the tide goes out.
Buffett also implied he didn’t see much that was undervalued to buy at the moment - so no rush to pile in and if you take him as guru maybe a reason to take some $ off the table.
Dang! And I own 50,000 shares! I’m hemorrhaging!
The beta is .8 which means the stock matches the market 80% of the time. It’s never lockstep
Youre thinking of Nebraska Furniture Matt. According to their website they are reopening. They have stores in Omaha, Kansas City, Kansas, DFW, and Des Moines.
Too frickin bad. Boo hoo.
Like Warren gives a hoot about you, your job, or the country. He cares about making more money. He is the worst kind of American.
-—He cares about making more money.——
Spoken like a good Democrat marxist
Buffet is a capitalist, perhaps the very best capitalist there is. His job is to grow share holder wealth.
Jobs are a secondary function of corporate boards and CEO’s who’s primary job is to grow a shareholder’s investment with profits.
It would seem that being an anti capitalist Bernie Sanders socialist, you are actually the worst kind of American
You got told. lol.
Seems like Warren has been more politically and socially active in the last 12 years, and always to the DemoProg side. Would he try to move markets to make Trump’s reelection more difficult? The rest of his billionaire brethren do everything in their power to push the elitist Prog worldview. He’s no different.
Think about me! I own 80,000 shares!
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