Why do the news bulletins continue to be so
stupid. Who cares if BRK is buying a plane or not. If the
news reporters were any good at all, they might
address the seemingly forgotten fact that this stock is
dropping like a rock. Instead of there being a single word
about the price of the stock, all these people do is
put not one, not two, but three bulletins on the
board about that damned airplane. Come on now reporters
or whoever you are, who are you and where do you
come from? Forget the crap and let's get down to the
real issues at hand, not some silly story that has
nothing to do with fact that BRK has devalued a few
hundred million dollars in the last couple of weeks and
people are losing $500 to a $1000 per share per day.
> Oh yes, WEB talks a lot
about "buy and hold" and never to sell. > But,
sometimes I wonder if that is what he is really
> After all, he has bought and sold a number of
holdings, as you > have mentioned.
Why did he
sell--because the stock price edged up a little (or a lot)? Or
because something fundamental changed to cause him to no
longer like the company?
Oh yes, WEB talks a lot about "buy and hold" and
never to sell. But, sometimes I wonder if that is what
he is really like. I do not want to express such an
opinion loudly because there are too many believers.
After all, he has bought and sold a number of holdings,
as you have mentioned. Thus, I will not be surprised
to hear one day that he has sold his Coke holdings
or his Amer. Exp. holdings or his Wells Fargo
holdings, etc. I am almost convinced that his TRV holdings
will be gone before long. At the WSC annual meeting,
Munger did not sound too happy about the TRV, CCI
merger. Coke may be difficult, but who knows. If that
analysis has some truth in it, it is better to buy BRK.
But, in a downdraft, it is going to suffer more than
it has suffered before because of financial overload
(including GRN). Although, I did buy AXP and sold after
sometime. Of course, he is holding on to it and is
increasing his holdings from what I hear.
thanks for your comments. You are thoughtful and I would
appreciate your thoughts in general.
wal*mart investment is 1 year old at least. don't
know about ARW but you have to be carefull following
WEB on small (for him)investments. at one time he
owned 4.99% of Gannet, just under the limit where he
didn't have to report his actions. If he still owned gci
it would be right at the $750,000,000 mark (i think)
where he would have to report it. web bought at 50, i
bought at 58 and sold out at 120, it's gone up to 140
(70 with split) and i've never heard about web
selling. i would have liked to keep the gci but was glad
to have the gain and feared higher paper prices. web
already has a double on wmt, he may be out already. i
sold pnc, mcd when web did. i'm about to come around
to just buying brk, it's easier, it beats an index
fund, and the market is scarily high. gap i believe is
a small purchase by a brk subsidiary and not a
major web purchase. on that one you may not be
following web. a lot of little purchases you hear about but
don't hear about the selling (bmy, ust). often the
rumors about web buying end up being true. i heard he
was buying inflation adjusted bonds, scary.
Just want to tell the world that my complete
networth except my 401k, has been converted to BRK/b. I've
convinced my sis-n-law, and mom-n-law to do the
And I feel great!!!!! I even bought some at 2650 and
I don't care.
Do you (or anyone else) know if BRK holds ARW? At
one time (about one year ago), the news indicated
that BRK bought some ARW (Arrow Electronics). Since
then, the stock has really gone down. I wonder about it
since I have some of ARW. Thanks for your comments.
Also, I think that Wal-Mart and Gap are
I didn't kno whether to leave it or not, but
anything to cheer you up! You said you were going to buy
monday, and because of one of your posts, I KNOW you are
a gambling man. But i'll bet you 5 bucks that I can
pick up my shares HIGHER than you can. Fortunately
with this one we aren't shaving points.
> the seemingly forgotten
fact that this stock is dropping like a
No, it isn't. You don't seem to know what dropping
like a rock is. Take JJFN. It fell from $6.75 a share
to $0.12 (12 cents) in a year or so.
"wiggling" down a little bit. Considering it had run up from
$1500 to nearly $2800 in 4 months, a drop of a few
hundred bucks doesn't matter.
People on this board
haven't "forgotten" that the stock price has dropped.
We're all calculating at what price to make another
If you bought this stock as day trader, then YOU,
sir, are the moron.
The market price on any
given day can fluctuate. This stock fluctuates less
than most--less, in fact, than any other in my
portfolio. The intrinsic value does not change so rapidly.
But perhaps you've never heard that term before?
Actually I am in agreement with you. But, like
you I think, I don't want to second guess Buffett. I
"knew" this fucker was going down after the announcement
and it look like I should have sold. 20% cap gains
vs. 14% drop in price vs. the 16% it's going to take
to recover is cutting it close. Oh well, it's too
lake now, time to buy more.