Thread: Warren Buffett

Charlie Munger says there isn’t the slightest chance Buffett traded own account to enrich himself

Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities.

Munger, 99, told CNBC’s Becky Quick in an interview that the idea that Buffett was front-running Berkshire’s own trades doesn’t make sense, pointing toward his charitable giving and the fact that most of his wealth is tied up in Berkshire stock.

https://www.cnbc.com/2023/11/16/char...h-himself.html

Latest holdings update:

Significant sells in HPQ and PARA, two long time value traps.

Added to OXY and CVX.

Minor trimming of AAPL.

The ‘Buffett indicator’ is a red flag for markets, but ‘this is not a bubble,’ says investing pro

Things are in normal territory if the total value of the Wilshire 5000 index (which measures the total market) is about on par with the latest quarterly GDP estimate. If stocks are at about 70% of GDP, they’re said to be undervalued. Stocks trading at about double the size of the economy is considered a major red flag.

As of late, the ratio is at about 190% — the highest mark in two years. In calendar year 2022, the last time stocks traded in this territory, the S&P 500 dropped 18%.

What Warren Buffett'''s favorite indicator means for your money

Not a single mention of government money printing by the manager at Black Rock. When's the last time someone on the buy said said stocks were overvalued anyway?

2022 was the longest bear market we've had since at least 2008 and the worst bond bear since the 1700's.

If the ratio was cut in half, stocks would still be overvalued according to the indicator.

Originally Posted by Bullitt

No new buys on Berkshires latest 10Q but added to PARA (averaging down)

He gets a lot of glory in the press when he gets it right, but he got this one wrong and reduced his position by 1/3 in Q4 2023. Wouldn't be surprised if he unloaded more on the buyout spike.