87,000 IRS agents need to look into this.
Didn’t he say he was going 100% hot-air ?
Where to begin...okay, if you don’t need to have the actual cash right now, at today’s price, then a decline of x percent in present value isn’t relevant. However, the value of assets like Apple are almost entirely invested in China and rely on the good will of the CCP. The CCP is not, by the standards of the free world’s businesses, rational. The CCP could, wipe out the entire value of Apple’s Chinese investments in a moment. To continue buying into a brand almost entirely invested in the good will of the CCP is not a rational strategy. As long as the CCP doesn’t interfere with Apple’s business then the stock will probably be a good “bet.” But that’s all it is, a bet...a wager. Admittedly I am no Warren Buffett, but I have steered clear of anything that has to do with China including Apple and Black Rock, among others. Bets on the CCP’s good will are like playing Russian roulette.
As US government policies continue to drive makers of physical tangible
actual 'things' out of business, the US economy may enter a new type of Depression.
What this new type of economic condition will actually be called
has not been determined as of yet.
But I will suggest a temporary working title:
"The Global Reset Double-Plus-UnGood Economic Total Eff-Up".
Many people will starve - according to plan.
Should I cheer...no.
It’s not just Buffet that’s losing, his investors do to
It is no longer Bank of America, it is “Bank of Several States”. I’m a Bank of America customer and I can tell you that Bank of America is dying on the vine. They’ve been closing branches all over the country, their customer service sucks, and they have started putting holds on payroll checks for 4 to 5 days to “guarantee” the funds.
Short-term losses, he’ll make it all up and more. The Buffet way is patience.
From the net:
“Do you want results only for how much is Warren Buffet stock up over time??
3,800,000%”
Sounds like my FA is taking advice from them. If I never own another bond for as long as I live it will be too soon. Problem is, you’re sort of stuck with them.
And he bought more when it was cheap. Operative word: "was". Apple has gone up over 25% since the beginning of July.
Also the article gave no indication of what percentage the $44 billion was. At today's market capitalization of Berkshire, that's only a 6.5% loss. That's far better than I did in the first two quarters this year.