the bottom signal..........Buffett blows up

paysense · Oct 28, 2008

Hey stock. . .can you please tell us what exactly you are going to accomplish when/if you nail a bottom call?!?

What is the master plan?

Help us out.

gA

aka

pay$ense

lynx2004 · Oct 28, 2008

Quote from stock_trad3r:

Buffett has seen it all before. When he went long a few week ago he was certain based on 60 years of expierence that was the bottom. He will be vindicated.

Didn't he go long in March also ? When did he sell those puts?

stock_trad3r · Oct 28, 2008

Quote from paysense:

Hey stock. . .can you please tell us what exactly you are going to accomplish when/if you nail a bottom call?!?

What is the master plan?

Help us out.

gA

aka

pay$ense

My plan is to provide an alternative viewpoint to what is overwhelmingly bearish sentiment. People need to know the truth behind the fake financial crisis and the mental recession instead of being mislead by the doom and gloom media.

Cutten · Oct 28, 2008

Quote from Nanook:

Market up and BRK.A down.

Looks to be threatening 100k level...

...on the downside! :eek:

What would that do to his psyche?

Lol - how about "nothing at all"? Do you really think Buffett gets psychologically affected by short-term share price movements? If so then you know nothing about him and his methods.

1flyfisher · Oct 28, 2008

Was it your mother or father that passed the retard gene to you?

Quote from Cutten:

Lol - how about "nothing at all"? Do you really think Buffett gets psychologically affected by short-term share price movements? If so then you know nothing about him and his methods.

short&naked · Oct 28, 2008

Quote from stock_trad3r:

My plan is to provide an alternative viewpoint to what is overwhelmingly bearish sentiment. People need to know the truth behind the fake financial crisis and the mental recession instead of being mislead by the doom and gloom media.

Yup it's all fake. Hedge Funds's didn't overleverage, bad loads weren't given, demographics are pointing to another 80s style bull market...

Cutten · Oct 28, 2008

Quote from 1flyfisher:

Was it your mother or father that passed the retard gene to you?

Congratulations, you are one of about half a dozen ETers to have joined my ignore list! Believe me, if you saw who else was on it, you would not find that very flattering

Nanook · Oct 28, 2008

Quote from Cutten:

Lol - how about "nothing at all"? Do you really think Buffett gets psychologically affected by short-term share price movements? If so then you know nothing about him and his methods.

Maybe you've mistaken my comments -- no worries:

Chairman - Berkshire Hathaway (BRK.A)
Salary: $175k/yr
Net worth: $50B (various methods to determine)

Other income: ~$48M/yr
Outside BRK.A net worth: ~$1B

Forbes 400: ~1st (varies yearly)

$10k invested in BRK.A in March 1980 now worth ~$4,150,000.

http://www.cxoadvisory.com/gurus/Buffett/ et al.

I could provide additional info but I have a bottle of Pinot Noir waiting for me.

short&naked · Oct 29, 2008

Quote from Cutten:

Lol - how about "nothing at all"? Do you really think Buffett gets psychologically affected by short-term share price movements? If so then you know nothing about him and his methods.

You think you know Buffett's methods? LMAO!

makloda · Oct 29, 2008

Value investors are not impressed with price swings since they don't buy for a trade, they buy underlying companies they believe are selling for way below what they are worth over a longer time frame:

Value investors like Charlie Munger and the late, great Bill Ruane (a disciple of Ben Graham) were ravaged like everybody else in the last mega-bear market in 1973-1974. In the years subsequent, though, they soundly beat the market. Munger was up 73% in 1975 vs. an S&P return of 37%. Ruane was up 62% in 1975; if that wasn't enough, he threw in a 73% performance in 1976, easily outpacing the 24% return in the S&P.