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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.

    secureduploadse.jpg

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  15. #20

    Default Re: Warren Buffett

    Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices
    PUBLISHED MON, MAY 3 20219:06 AM EDT

    “We are seeing very substantial inflation,” Warren Buffett said at the conglomerate’s annual shareholder meeting Saturday. “We are raising prices. People are raising prices to us and it’s being accepted.”

    Berkshire Hathaway owns one of the nation’s largest homebuilders Clayton Homes, along with companies such as Benjamin Moore paints and Shaw flooring.

    Inflation has begun to accelerate recently due to multiple factors, including increasing demand and struggles with some areas of the supply chain, as well as just easier comparisons with the pace of a year ago.
    https://www.cnbc.com/2021/05/03/warr...ng-prices.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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  17. #21

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    Default Re: Warren Buffett

    Most recent 10Q report for 2nd quarter released and I'm starting to wonder if he's become a contrarian indicator. Without his huge wager on AAPL, he'd have been left in the dust years ago. In any case, it might be time to buy oil companies again.

    Berkshire was a seller of just over half its stake in Chevron (CVX), ending the first quarter with 23.6 million shares, now worth around $2.4 billion, and it reduced a stake in Merck (MRK) by 37% to 17.9 million shares, now worth about $1.4 billion.

    The Chevron and Merck sales surprised some Berkshire watchers, as the company accumulated those stakes in late 2020 and Buffett made use of a confidential regulatory filing to hide his accumulation of Chevron stock.

    Wells Fargo stock has doubled since the fall and other former Berkshire holdings— JPMorgan Chase (JPM) and Goldman Sachs Group (GS)—are way above the prices at which Berkshire was a seller last year. Berkshire has left more than $10 billion on the table with those sales.
    https://www.barrons.com/articles/war...es-51628798435

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  19. #22

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    Default Re: Warren Buffett

    Something to think about. Luck plays a large part in retirement as well since drawing down your savings in a bear market doesn't work very well. 2009 vs. 2000.

    Let’s say you have two people, Person A and Person B. They are both value investors who follow the strategy laid out by Benjamin Graham in the 1930s.

    Person A was born in 1930. Person B was born seventy years later, in 2000. They both start applying the Graham investing strategy at a very early age, let’s say when they were 15 years.

    Person A becomes Warren Buffett, once the richest man on earth, who experienced one of the biggest booms in value stocks when he was young. Person B loses half of their money because value stocks are out of favor in the 2010s.

    Same strategy, same actions, different times, different outcomes. Becoming rich and famous is mostly a matter of luck.
    https://dariusforoux.com/rich-and-famous/

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