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/biz/ - Business & Finance

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18988417 No.18988417 [Reply] [Original]

>at one time you were viewed as a sort of guru of investing
>lost 50 billion dollars panic selling
>purposefully try to crash the markets out of spite after your massive loss
>can't think of a single stock to invest in during crash
>everyone ignores you
>markets climb, even the airlines
embarrassing

>> No.18988437

yeah you are going to get wrecked bulltard

>> No.18988453

>>18988417
>bull getting nervous. The Thread.

>> No.18988458
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18988458

Yeah even though I only have a few thousand dollars I am a better investor then warren buffett

>> No.18988475

how's that boomer still alive? He drinks like 6 cans of coke a day from what i heard...literal fucking poison. Must be getting freshly harvested organs every year.

>> No.18988491

>>18988475
kek
imagine thinking coke is bad and not the lifestyle people who blame it live by.

>> No.18988520

>>18988417
He still lives in the gold era lol

>> No.18988539
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18988539

>>18988417
>the bull is starting to sweat

>> No.18988563

/biz/ is always wrong so Warren is right.

>> No.18988636

>>18988475
Refined sugar isn't that bad for you if you unless you already are pre disposed to insulin resistance. Which basically means if you stay at a low bodyfat coke is harmless. If you stay skinny you can drink all the coke you want. Most people who drink soda have poor self control but it isn't an issue for buffet. I still avoid that shit since it rots your teeth but I guess if you can afford the best dentists that doesn't matter.

>> No.18988709

>>18988417
He'll be right. Markets price in a quick return to normal. However i don't think it will all go back to normal as everyone thinks. The damage is there and it doesn't matter if it was done on purpose. The credits and loans will sit in companies balance sheets and it will take years to figure it out. March lows will easily be tested. We weren't even able to measure the coming consumer decline properly because of the speed in which this happened so far, but it will come for sure and hit economy. That old fucker is sitting on 128 billion dollars. He will act as credit lender for receiving preferred stock.

>> No.18989050
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18989050

>>18988709
This summer is going to be like the summer of of 2007. This time next year we are going to be back at the lows we saw a few weeks ago and 2022 will be the true market bottom like in 2009. You dumb fucking crypto zoomers have low attention spans. Real markets don't move like crypto markets.

>> No.18989133

>>18988417
He didn't lose $50B panic selling you absolute retard. The new tax code requires you to put unrealized changes in investment holdings into your quarterly earnings number.

He lost like $2-2.5B on airlines at most, and that's because he doesn't want to hold an investment that requires 90% of aircraft seats to be full to turn a profit with no end in sight to the virus' effects.

He's grown book value at >10% while the SP500 has only done so by 5% with ~2% in dividends since 2000. So he has outperformed the SP500 in intrinsic value.

Berkshire is trading at a 10X P/E if you take out cash & equity holdings, meanwhile the market is trading at 20X+. So that's one of the reasons Berkshire has "underperformed" the market.

>> No.18989525

>>18988417
Warren didn't make his money investing you retard.
He made his money in business doing actual business.
Listening to Warren's investing advice is like listening to Steve Jobs' parenting tips.

>> No.18989740

>>18989133
This. Selling airlines was a de-risk move and he didn't even make a true minus with it as he received dividends all the years. BERK is the most undervalued stocks by far despite a very sound balance sheet. Even with most critical view on Buffet's investment decisions, Berkshire stock will always be like a 6% yielding well diversified investment grade bond. To me an absolute basis investment.

>> No.18989900

You're so brave making a thread about rising stocks when the market is closed

>> No.18990001

>>18988417
It's called getting old
Granpa here needs to retire
and the dems want granpa Joe to run 4 Pres
lol weekend at Bernies

>> No.18990197

>>18990001
You have a very limited view on a big corporations like berkshire. You think uncle Buffet is sitting at the fireplace and deciding what to do next? They got departments full of analysts and decision makers.