and how, exactly, did they do this Warren?
Hey Hiawatha, you have no stock investments? Prove it..
You want to see some idiots lose a lot of money? Go on You Tube and search for “trading loss meltdowns” (or some variation). Shows guys freaking out when a trade goes wrong and they lose all their money.
One guy lost $40,000 that his dad had given him for college. He lost it in just a few minutes.
How do you make a small fortune in the stock market?
Start out with a large fortune.
“I’m shocked; shocked that there is gambling going on inside this stock exchange!”
Whatever, Buffett, you’re a Rat, and continually voted for the downfall of Country.
He actually got something right. I have been saying this for years. The stock market has been turned into a casino where stock values have very little to do with the actual value and productivity of companies.
bmp
The market is dominated nowadays by emerging technology companies, the market value of which cannot be determined by the good old Buffett/Benjamin Graham model.
Investors who ignore the transformation of our economy away from the industrial era and toward the computer age are investing in the past, not the future.
Bottom line: this new market would look like a crapshoot to an old market guy like Buffett. But investing in the future is a must (however dangerous).
Reports are that he has donated lots and lots to the abortion cause:
Sometimes the speculators and gamblers can brag about their gains and poke fun of the old fashioned types. These days us cautious, dividend types can have a laugh. I have some paper losses for the year but I have a lot of gains locked in just from buying in gradually and holding.
Buffett kills millions of children by funding abortion. He buys politicians and destroys at least 70,000 jobs in the US and Canada so his train can carry oil instead of a safe pipeline.