Posted on 05/04/2020 8:19:06 AM PDT by MeneMeneTekelUpharsin
After reporting loss in airlines and liquidation of airline holdings, BRK.A down as much as 2.95% today (over $8,000 per share).
(Excerpt) Read more at google.com ...
More weakness today. $8,245 down per share, 3.01% down. Quite a bit more than the market. Wonder what people who trade in share costing $265,720 know that we don't know?
so far, no blood bath today: you’re still batting zero with your chicken little sky-is-falling posts:
https://www.google.com/search?q=djia
I told that phrase to my wife. “Buy when there is blood in the streets”. She liked that, so she decided to become an investor of her own accord for the first time. She did good buying very near the lows.
Then things rallied and I told her “this is a dead cat bounce” which she thought was the funniest thing ever. Didn’t quite understand my meaning. I told her to take profits.
She bought airlines and car companies. I said “nobody is buying cars, Ford is closed”. She said “they are making ventilators”. I said “they don’t make money making ventilators, they make money selling cars.” She won’t sell it. She still resents that she didn’t buy Ford at $1 back in 2009. She bought airlines. Said people will have to fly eventually and they got bailout money. I said wait and see. You don’t have to buy the absolute bottom or sell the absolute top, but wait for some sign of a turnaround. She bought Disney, one of the few I thought was probably safe to buy in the $80s.
Last week I told her “sell in May and go away”. She didn’t understand. I explained that that generally the best months for businesses are the holiday season. She said “then why not sell in December?”. Because the stocks report December sales in April.
Then Buffet announced he sold all his airlines stocks end of April. She’s been ranting and raving for the last 24 hours about what a jerk he is lol.
Ah, it’s hard to mentor a new investor.
I could just be as simple as selling a $237,000 stock is a good source to raise cash.
If I thief steals 1/2 your money, you may eventually replace that money and even exceed it. But you will never be ahead of were you would have been had you kept the money.
So no, we will never ever better then before.
You're probably correct. The 497 shares sold today, all at a signficant loss from yesterday, were just "...a good source to raise cash.". Guess quite a few wealthy just need to raise a little cash today.
Yeah, see the post before this one.
Said phrase attributed originally to the sovereign debt of Europe specialty of.... the 5 Rothschilds (to include Amschel’s taking over the Bank of England on the selling panic from Wellington “losing” to Napoleon at Waterloo— Rothschild’s bought up all the “for sale” desperate holders, as his agent/messenger pigeons got the real news of victory— and took over the bank, which they still own).
Buy when there is blood in the street.... yes, appallingly can work. Just not for that idiot husband of the equal idiot Chelsea Clinton who tried this on Greek currency. Lost all of his foolish “investors” principal— and has no problem with it, his dad being a Mezvinsky (congressman federal prisoner)
Down 147 at 2:30 pm. Eastern.
Now only 201 down.
I think he actually believes that his selloff of the Berkshire portfolio of airline stocks was going to topple the market.
The market will survive it ALL... it's Buffett who will "crash" and be gone.
I wish him no ill-will. I just think his "self-importance" is showing itself at the moment.
Let us NOT forget, Mr. Buffett, what Emerson, Lake, & Palmer taught us... "Welcome My Friends to the Show that Never Ends."
A reminder to Mr. Buffett that he is just another "minor character" currently passing through life.
The SHOW will continue.. it is HIM, along with all of us, that is temporary.
Correct.
I started buying in mid-March.
That was the low point (so far).
I don’t have any magic formula, just look at where the stocks were before the virus hit. If you believe that the economy will come back (I do) then buy. Delta, JetBlue and Southwest are my picks. I fly them, so I’m comfortable with them as organizations.
And my target date is Trump’s re-election. I don’t watch the daily ups and downs.
Thanks
Yup! Hovering in that general area most of the day, hardly the bloodbath Buffet predicted.
Up 28 at 3:47 Eastern.
My toilet paper stock is through the roof.
Love your quotes & story line. I have tired on the Oracle. Makes money on the “up” market, of course plays long & he’s a genius. Like all the experts, dime a dozen!
Buffet is the ultimate “inside trader”. What he does isn’t illegal, but he gets the sweetheart deals. He bides his time and waits for the right opportunity. He is never in a rush, but when the right thing comes along he is always perfectly poised to pounce. In 2009 he lent Goldman Sachs $5 billion and got warrants to own a big chunk of the bank - while still getting his loan repaid, with interest. He bought the railroads when they were hurting for cash. He bought a tool company that makes loads of cash flow because he doesn’t need to find underwriters he just writes a check on the spot.
httt.
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