Warren Buffett is more worried than usual

[systematictrader]

How about buying puts or beeing not short at aöl since hes an investor not a trader?

U under estimate his size and position, the inability
For him to do is not a trading wise one, its that he is a cruise ship he cant move so quickly, sure he can short flatten whatever whatever but his cost is higher than small traders by far

 

[systematictrader]

Big players can still short tons of index futures to hedge if they wanted to. There is ample liquidity.

Sure but whats the signal he sends if he does ? apocalypse probably which only makes it worse for him

 

[systematictrader]

"Be fearful when others are fearful, and be fearful when others are greedy."

fearful when others r fearful? Is this a typo?

 

[systematictrader]

What does the article say :
,, Warren Buffet worried... ''

What does reality say :
$137B in cash.

​

With that monstrous reserve, he makes few moves like he did with BAC & then they're set for another 10 years.

Journalists writes this crap, just to keep their seats in office,because general audience chases negativity & most likely, they don't know how the game works (most of the time, while all of their own investments, consists of 401k in spy).

​

Very true
Journalist writes
Traders trade

i cant get ofer how negative news is always catchy to the public

 

[virtusa]

fearful when others r fearful? Is this a typo?

You should read it as: be always fearful, no matter how others behave.

What other think or do is irrelevant for how you should behave.

 

[systematictrader]

You should read it as: be always fearful, no matter how others behave.

What other think or do is irrelevant for how you should behave.

that i agree
I thought so but wanted to double check
Fear keeps you from making the most money BUT it is also what keep you from getting knocked out of the game and thats most important than making most money

 

[SteveM]

fearful when others r fearful? Is this a typo?

It was just a joke on my part.....Buffett is famous for that "be greedy when others are fearful" line, but if you look at both the 2008 crisis, and this COVID crisis, in both cases Buffett was "fearful when others are fearful in reality."

During the depths of the 2008 crisis, he had $44B cash on hand - the only buys he made was a couple of sweetheart deals on Goldman and GE preferreds, $8B in total....a huge missed opportunity in retrospect.

 

[maxinger]

That's why better do day trading.

You don't have to worry about GDP is up or down,
unemployment is up or down,
how devastating covid is on economy ....

everyday you start trading with fresh mind.
every night before you close your trading platform, you close all your positions.
Whether you earn or lose money , you can have nice sleep everyday.

 

[Pekelo]

What other think or do is irrelevant for how you should behave.

That is so not true. Otherwise you are just always going to be early. Ask Dr. Michael Burry about it...

 

[Pekelo]

Or how to wipe out 10 years of income in one quarter.

Wowsie. Did he do that? The market only whipped out 3 years and since then rebounced.