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Berkshire Hathaway Inc. Message Board

  • hjclasvegas6969 hjclasvegas6969 Mar 27, 2013 10:04 AM Flag

    JPMorgan Chase Faces Full-Court Press of Federal Investigations, hibird,

    ny times, this CONfirms my CONcerns, buffett loved dimon, another mistake on character, wants less exposure to the space ?

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    • Hi HC, I prefer now to stay on the sidelines with JPM. I didnt like how they dealt with their CD's as a customer- seemed to be a "gotcha" strategy, while they fixed their balance sheet, so I took the pain, (3% charge, and only a 2 week PERSONAL window to avoid CD rolling over for another year) and walked with my CD . Then i didnt like the fact that their system was not working in time,(I got a letter of apology too) and I ended up with a small overdraft (literally 16 dollars) and got charged for that, so I closed my account. Now I'm not sure that Dimon has a good grip on the business, and I'm not sure that we're not witnessing a lot of weaseling on the London whale etc etc..
      as i remarked, on Tesla yesterday, the tone comes from the top, and I find this very concerning so I sold the shares too. When things are clearer, and I understand what the stock price should be, then I will look for a re-entry if no better alternatives present themselves.
      Buffet, like any of us, can mistake character, but there have been a few more lately than what I recall from before...maybe we are just paying more attention now ? Caveat Emptor ....

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