At times like this it must be a relief to have some of your retirement portfolio managed by Warren Buffett.
If the stock market goes up, that should be great for the stock. Berkshire has investments in Bank of America BAC, -2.62%, Goldman Sachs GS, -2.00%, various airlines, and other companies sensitive to the economy. Berkshire Hathaway held just over $250 billion in publicly traded stock as of Dec. 31, and is currently nursing about $100 billion in paper losses on these just from the recent crash.
Then there’s the third way to win. If things don’t get much worse, or much better, but bounce around indefinitely, Buffett can always use some of that cash to buy back Berkshire stock. Total spent: $5 billion, at an average price equivalent to $207 per B share. The highest price paid was $222.Financial advisers will typically warn ordinary investors not to dabble around in individual stocks, but to stick to mutual funds — especially, these days, “index funds” with very low expense ratios.
BrettArends Did he do anything to help the people?
BrettArends Be under 10% so he can fire sell anything he wants lol 😂
BrettArends I'm sure he shorted the heck out of airlines before selling them
BrettArends Invest in Walmart?
BrettArends We must listen more. JordanEtem WarrenBuffett OracleIoT StanfordHAI larryellison business WSJ WorldBankWater Dell MichaelDell Microsoft MSFTQuantum elonmusk Tesla librarycongress MIT StanfordGSB USChamber melindagates BillGates Benioff oraclepartners Oracle
BrettArends Yes , 1) ... Get out of the Market 2)... put your money in a Home safe 3)... Don’t list to this old fart .. he’s not looking out for you , he’s looking out for himself ......
BrettArends Sell stock
BrettArends 1. Sell the airline stocks
BrettArends warren hasn't won in 10 years
BrettArends
BrettArends He’s a scammer. Look what he did during last financial crisis - gave himself a bailout package with Goldman Sachs.
BrettArends I just don't see the point in owning Berkshire at all. If you run a backetest of returns of BRK-B vs SPY going from January 2002-present, the company underperformed by 11% and with a higher degree of volatility.
BrettArends Buy Delta high sell low
BrettArends Insiders WIN
BrettArends Thanks. Yup, happy to have BRK.B as the largest holding in my wife's main retirement account. Part of the total package and risk management strategy. Largest cash pile ever as we head into a recession. We'll see the actions of the world's greatest investor, sooner or later.
BrettArends He can't spend that $125B because it's insurance float, his insurance companies might need it in case there's some sort of global emergency, like a pandemic ...
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Source: BusinessInsider - 🏆 729. / 51 Read more »