Actually I wasn't kidding when I said he read the AAPL thread. I read that thread and it had some very good analysis and discussions on why one should long AAPL. Turned out they were all correct. It showed we have some very good traders among us.Yeah, he bought it extremely cheap, as if he knew something before. Who am I kidding?! Of course, he knew something
Warren Buffett tripled investment in Apple
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Maybe he knew he was going to buy it. He says he started buying businesses because he was just too big to buy stocks without driving the price up before he could get his full load on.Yeah, he bought it extremely cheap, as if he knew something before. Who am I kidding?! Of course, he knew something
I didn't doubt that, a lot of people here a very professional, that's why I like this website.
He dumped WMT, can you believe that?
he gets the best information possible and has all the right relationships with govt and the federal reserve. I am sure he had inform the Apple parts suppliers and retail sales and everything else imaginable. He probably knows when the fed will raise interest rates. and when he does something the fed wants him to do and loses money... they connect with a someone who will give him billions of dollars in a fake options trade.
That is not to say he was not good at what he did to get himself into the position he is today.
But, when the FED and Obama and and everybody else with billions is your friend. You are going to make money.
That is not to say he was not good at what he did to get himself into the position he is today.
But, when the FED and Obama and and everybody else with billions is your friend. You are going to make money.
The founder of AQR's phd thesis showed that value investing did produce alpha.
1956 return to Omaha '100 percent the right decision' for Warren Buffett
http://www.omaha.com/news/return-to...cle_ba537660-b065-5bb8-8f3b-aa90d3aacde2.html
http://www.omaha.com/news/return-to...cle_ba537660-b065-5bb8-8f3b-aa90d3aacde2.html