fast $1 BILLION profit!

S2007S · Sep 16, 2020

yep when you are wealthy free money just pours in.....

Warren Buffett’s Berkshire Hathaway just made a fast $1 billion on Snowflake’s surging IPO

https://www.cnbc.com/2020/09/16/war...fast-1-billion-on-snowflakes-surging-ipo.html

noddyboy · Sep 16, 2020

If value investors are still making money, that means the market is not expensive.

Scataphagos · Sep 16, 2020

noddyboy said:
If value investors are still making money, that means the market is not expensive.

Being able to buy a hot IPO before it goes public is the "definition" of value. We all should be doing exactly that every chance we get.

bone · Sep 16, 2020

That's why if you have big bucks you use a prime broker.

Scataphagos said:
Being able to buy a hot IPO before it goes public is the "definition" of value. We all should be doing exactly that every chance we get.

Tradex · Sep 16, 2020

noddyboy said:
If value investors are still making money, that means the market is not expensive.

The market is NEVER "expensive" or "cheap", buy when it's going up, short it when it's going down, that's all there is to it, the rest is just conversation.

thecoder · Sep 16, 2020

The absolute value is not that much interesting.
What is more interesting is: how much profit in percent did this old sack make?

Tradex · Sep 16, 2020

thecoder said:
The absolute value is not that much interesting.
What is more interesting is: how much profit in percent did this old sack make?

What few people know is that Buffet's fund lost 50 Billions in the past few months.

"Unrealized losses" (who invented that freaking expression?) but still.

CET · Sep 16, 2020

Don't the big players that get allocations in these IPOs have to hold them a certain amount of time before selling or get excluded going forward? It will be interesting to see where it is trading in a month.

thecoder · Sep 16, 2020

CET said:
Don't the big players that get allocations in these IPOs have to hold them a certain amount of time before selling or get excluded going forward? It will be interesting to see where it is trading in a month.

He'll be picked clean by the buzzards

Poljot · Sep 17, 2020

Can average Joe participate in an IPO or is it the rich get richer only club?