Just keeping up with my posts when
the stock was around $1500 and $1600 etc. (and all
the way from $2300), I am going to buy a few around
$1380 (where it is now) immediately after I post this
message. At that time (when the price was 2300, 2200, etc.
and so on and on), I thought that it would touch
$1500 or $1600 and it did. But, the insurance market
remained bad and we expect huge losses from GenRe. So,
even at $1500, I was bearish and I still am. I have
remained bearish for the short term and it will probably
last the whole year. I don't believe that I can pick
the real bottom and therefore, I will buy a little
bit today. And, if does go to $1300 or $1200, I will
buy some more. Even with the likely bad to very bad
news over the weekend, it is worth my while (according
to my long-term plans) to buy some at $1400. I am
going to put a small amount in it (say, 10 "B"). [Yes,
I had bought an "A" a month or so ago as I had
posted that]. Of course, I am expecting the stock price
to take a dive on Monday but as I have said many
times, I am never 100% sure of myself. The odds are not
too bad from a long run perspective.
not mean that I am expecting huge returns even in the
long run. It is simply that I hope to get reasonable
returns over the next several years. In the short run, I
doubt that I will make any money. If I do not make
average returns even for a long run, so be it. If I do,
so be it. More than anything, it is so much fun!!!
[So far, I have not made average returns with BRK and
in the long run, who knows -- aren't we supposed to
be dead or something!!]
So true Web Rules.
After doing my own research on Berkshire I posted a question on this board and the answer was enough to convince me that my money would be well spent here.
The name of the poster was lastvaluesmuckleft.
I often wonder where he or she is now.
"Mysterious are the ways of trolls ... and this board is infested to an unusual degree. "
I don't think this board is more infested with trolls than others ... quite the contrary. Check out the WaMu board for example. I haven't even tried to post there. I recall having some interesting discussions on the MRK board a few years ago, but the BRK board is clearly the best on Yahoo.
It's simply AMAZING to go back to the 3/9 to 3/12/2000 period on this board to read the point of maximum pessimism among many, and the clear rational thinking of babyb, russ, ben, and others. I was mainly a lurker back then, but I sure did benefit from reading this board. I probably would have been buying Berkshire in February and March of 2000 regardless of the existence of this board, but some of the logical thinking here surely helped me avoid second guessing my analysis.
swusc -- Unfortunately, you're the one who "started stuff." You decided to get all pissed off about a message that wasn't addressed to you and had nothing to do with you personally. Your choice.
Holy crap ... maybe **I** am Prez too!
I have no clue. None of the recs are mine. I share your disbelief that all are genuine. I could conjecture that a certain individual finally figured out that a dozen immediate recs tend to make folks suspicious. Or possibly we have more than one troll, and one of them is hostile to swusc.
Mysterious are the ways of trolls ... and this board is infested to an unusual degree.
GHHB has given some very sage advice in the past:
He recommended selling Berkshire for a passbook account (at the bottom).
-Prez (the real one)