Berkshire Hathaway Loads Up On Financial Stocks
- Thread starter ASusilovic
- Start date
Classic, too =>
'Father, forgive them, for they do not know what they are doing' " (23:33-34)
ES now at 1447.50...Financials weak today, because of rally in short-term bonds...closing for a small profit today...
Quote from ASusilovic:
ES now at 1447.50...Financials weak today, because of rally in short-term bonds...closing for a small profit today...
Opppssss....too early...but still long ES...
Buffet could have made tons of money investing in OIL and defence companies like Exxon or boeing. Instead he puts money in the same ol' cyclical consumer cyclical crap like J&J and proctor and gamble. Thats why he underperforms. Now he wants to buy housing and financials?
the market in general.
buffet is one of the greatest investors EVER
i know a guy who (like me) runs several different strategies in several different accounts.
one of his accounts is a mirror account where he basically mirrors what buffet does. that's it. buffet has to disclose, and he just follows that, while adding a little TA for spice (since he moves so much smaller size he can be more nimble)
the vast majority of investors could do MUCH worse than following buffet
i know a guy who (like me) runs several different strategies in several different accounts.
one of his accounts is a mirror account where he basically mirrors what buffet does. that's it. buffet has to disclose, and he just follows that, while adding a little TA for spice (since he moves so much smaller size he can be more nimble)
the vast majority of investors could do MUCH worse than following buffet