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/biz/ - Business & Finance

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50946054 No.50946054 [Reply] [Original]

The worlds best investor just raised the bar again!

https://www.investors.com/etfs-and-funds/sectors/sp500-billion-losses-put-warren-buffett-and-jeff-bezos-in-bad-company/?src=A00220

>> No.50946070

>>50946054
What did they do that lost them money?

>> No.50946080

where is that money going to

>> No.50946096

>>50946070
He invested heavily in Apple, and then Apple went down.

>> No.50946142
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50946142

>>50946054
>manage 670B of holdings
>few % drop means billions of (unrealized) losses

>> No.50946178

>>50946142
it's almost 10% of his holdings which can bring about margin calls

>> No.50946487

>>50946054
"I'm going to be the Osama bin Laden of capitalism. I'm on my way to an unknown destination in Asia where I'm going to look for a cave. If the U.S. Armed forces can't find Osama bin Laden in 10 years, let Goldman Sachs try to find me."

>> No.50946531

nobody could predict the dollar being that strong for no reason
why did it happen anyway?
biden hidden forces related to mid terms?

>> No.50946553

>>50946054
funny how he loses eye watering amounts of money when he trades on his low IQ instinct, rather than his usual insider knowledge and other asymmetric advantages.

>> No.50946589

>>50946531
The US dollar inverses the market, has been that way for at least 2 years now.

>> No.50946609

>>50946096
apple is near ath so he sold the bottom?

>> No.50946724

>>50946070
must be some kind of tax evasion

>> No.50946738

>>50946054
not really no. most of it was an accounting rule change.

>> No.50946820

>>50946738
this is cope. it's not really a new standard. and they're required to report unrealized loss.

>> No.50946957

>>50946589
I don't get what you mean.

>> No.50946972

>>50946054
ah-bloo-bloo

>> No.50947047
File: 30 KB, 512x512, 6C0E545E-0746-46EE-8DCC-BC0EC031E120.jpg [View same] [iqdb] [saucenao] [google]
50947047

>be greedy when others are fearful stopped working the instant the internet became available

Lmaooooooooooo

>> No.50947083

It's completely normal for a trader to lose money. Only poor /biz/ incels think there are some mystical 100% perfect traders out there.

A good trader is someone who wins more than he loses, the only goal is for the capital to keep growing year by year. Which means Warren Buffett will be in profit $100 billion dollars in one of the next two quarters.

>> No.50947119

>>50946609
he didn't sell
these are unrealized losses

>> No.50947120

>>50947047
Stopped working when they cut rates and he didn’t get a phone call to it prior

>> No.50947131

>>50947047
>>50947120
Never stopped. He's just old a senile (he's literally around 100 years old now).

I'm almost certain all his finances are managed by others now.

>> No.50947134

>>50947119
or actually were unrealized losses since AAPL rallied back up

>> No.50947151

He's literally 92 now. The human brain hits a big wall after 80-85. His finances are almost certainly managed by others by now or to a large extend.

>> No.50947168

>>50946080
Into my pocket, I shorted a bunch of large BRKA holdings.

>> No.50947208

>>50947151
Does he even make any public appearances and speeches anymore? Munger seems like he's in decent mental shape, but Buffet is almost Biden levels of senile.

>> No.50947225

>>50946054
>>50946096

>Investing in tech stocks
>In a recession

He is supposed to be good at what he does right?

>> No.50947231

>>50947208
I doubt any of the two is in a position to be that active. Munger is 98.
I doubt there's a single human on earth with a good brain after 90.

>> No.50947242

>>50947151
No way, he’s a machine.
>Warren Buffett eats in a way few would consider healthy. "I am one quarter Coca-Cola," he joked at theBerkshire Annual General Meetingin 2016. Out of the 2,700 calories he consumes per day, 700 come from the fizzy drink. With each can, the body undergoes a sugar spike and then a crash. At the end of the day, Buffett's energy level plotted on a graph should look like a choppy wave. But the senior tycoon can work for 29 hours without a nap. He spends 80 percent of his time reading — he reads fivenewspapers daily — and spends eight hours a week playing bridge.

>> No.50947270

>>50947242
that explains why munger seems to beat him at health.

>> No.50947283

>>50947231
My grandfather is sharp as a tac at 91 and still does his own investing. The only thing he seems to have lost is scientific knowledge. Guy had to ask me if the Earth was a planet but is otherwise still 130+ IQ.

>> No.50947293

>>50947283
at the very least they get slower, and they get tired fast.
the probability buffet controls an empire on his own is small.