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Thread: Warren Buffett

  1. #13

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    Default Re: Warren Buffett

    Interesting to note that in his latest filing from June 30, he cut back on JPM by 60% and WFC by 25%. In August he loaded up on more BAC, but that was after the filing. Completely out of airlines.

    Bugs will be drooling over his purchase of $563M of GOLD, that's Barrick Gold. This was his only newly opened position.

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  3. #14

    Default Re: Warren Buffett

    When It Comes to JPMorgan, Warren Buffett Isn’t Buying the Spin from the Fed and the Street

    Warren Buffett, Chairman and CEO of Berkshire Hathaway, is apparently not buying the story that Powell is attempting to sell to the public. According to Berkshire Hathaway’s 13F filing with the Securities and Exchange Commission for the quarter ending June 30, 2020, Buffett dumped 35.5 million shares of JPMorgan Chase or 61.5 percent of his 57.7 million share holding in the bank.

    Buffett also dumped the remainder of his position in Goldman Sachs, which amounted to 1.9 million shares. Buffett had already exited 84 percent of his shares of Goldman Sachs in the first quarter of the year.
    https://wallstreetonparade.com/2020/...nd-the-street/
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  5. #15

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    Default Re: Warren Buffett

    Puzzling, he's buying more BAC though.

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  7. #16

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    Default Re: Warren Buffett

    For the Buffet fans, his latest filing shows he nearly completely unloaded WFC and PNC. Sold 40% of his previously disclosed stake in GOLD (which the bugs were surely hoping he'd have been buying more of), and purchased MRK, ABBV, PFE, BMY, clearly spreading his bets on a vaccine.

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  9. #17

    Default Re: Warren Buffett

    Warren Buffett's favorite indicator is at a dangerous level, but he just bought these stocks anyway

    The “Buffett Indicator” as it’s called in Wall Street circles — which takes the Wilshire 5000 Index (viewed as the total stock market) and divides it by the annual U.S. GDP — is now at a record high amid the latest climb to records in the broader market. In doing the math, the Buffett Indicator stands at about 195.7% — up sharply from 175% or so when applying third quarter GDP data.

    The figure is well above the 159.2% seen just before the dot-com bubble.
    https://finance.yahoo.com/news/warre...115440143.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  11. #18

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    Default Re: Warren Buffett

    I heard someone say the Buffet indicator doesn't work anymore and is no longer relevant with the way companies make money today.

    I still think it's relevant, but irrational exuberance can last a long time.

    Buffet sold out of his PFE position completely. I guess that's considered a sell the news event as we don't really know what the vaccine profits will be for Fizzy.


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  13. #19

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    Default Re: Warren Buffett

    RE: Buffet Indicator. Note 2000 and 2009.

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