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Strange. The last thing Warren believes in are chartists, like this commentator. And Charlie Munger would say it's all voodoo: No one can predict the future.
The upper trendline for the consolidation wedge was about $116.94 ...we broke through strongly on the 9th but now we're back in the wedge.
Failed breakout - If that held I think we'd be up up to $119 ...now looks more like the lower portion of the wedge - target $112.5-113
Berkshire, with its conservative businesses, tends to underperform when the marketing is booming (like now), and outperform when the market stinks. Since losing money and making it back is mathematically harder to do than not losing money in the first place, you're better off owning it (and other value funds) than the frothy S&P. Berkshire is the anchor of a portfolio, or, as they say, it's the "core" of "core and explore," in which most of your assets are in core, conservative funds, and a smaller percentage in more volatile, growth funds or stocks.
As for dividends, read Warren's latest annual report on why dividends aren't a good thing in this case: You pay regular taxes on dividends, while long-term capital gains sales are taxed at much lower rates.
Warren generally hates splits. However, he created the B class to thwart mutual funds that held only A shares. Then, he did the 50:1 split of the B shares when he bought Burlington Northern Santa Fe in 2010, which he paid for partially in Berkshire shares. To be fair to the BNSF shareholders, he split. But he didn't like doing it.
Not sure you understand the nature of a split. The split price in 2010 was about $65 per share. It closed today at $115.61, just $3 below its record high of $118.94. The presplit price was upwards of $3,000---but that's irrelevant, since owners then got 50 shares at about $65 for every single share at $3,000 they owned. (I'm ballparking the prices since I'm relying on my memory.) Bottom line" If you had held your shares when the stock split in 2010, you'd be up 75%.
You said it moved in September and flatlined since. But what's your time frame? If you want to play craps and get immediate gratification, go to Las Vegas. But the reason they call it "long-term" investing is that the long term is more than three months. Unless, of course, you have the patience of an Irish setter. Berkshire will generally outperform in bad markets, not in frothy markets.
Why,two nickles are worth the same as 1 dime. Stock splits may create the illusion that the shares are cheaper and are therefore more likely to rise in price,but in the long run it does nothing to increase the value of the company or its stock.
Or lost their nerve from the 2008 crash. After 1999 then 2008, a lot of people sit on the sidelines thinking the market is a rigged game. It may be a rigged game but it's basicaly the only game in town.
What you are really saying is it would be nice if we could have another financial crisis. I'm not inclined to agree. They definitely can be opportunities for investors, but I don't think that's what we need any time soon.
People missed out on the last 5 years either because they did not recognize the once (let's hope) in a lifetime opportunity or they did not have cash ready to take advantage of it. Splits have nothing to do with long-term stock performance.
ledlights - Interesting reading. Thank you
Read this interview about the 2010 stock split. Buffett hasn't changed his opinion about splits. That one was provided to ease the Burlington Northern acquisition.
Why any body want to see a spit at this time.Then we will see a twenty dollar brk/b a share
Sentiment: Strong Buy
Look at the 5 year chart for the B stock. In January of 2010 he did a 50 for 1 split. That would be nice to see again for those of us who missed in 2010.
In early February when they announce above consenus 4th qtr earnings,record yearly earnings,and a very healthy 13.9% yearly increase in Book Value per share.Any other questions?