Berkshire is spelled with an E, and first shares were purchases in the late 80's.
I don't want business partners who have no backbone.
Take it down to $2, I still have a couple thousand more shares to buy.
Why would anyone expect it to be easy to make money in a competitive system.
The market weeds out the know-nothings.
"The market, like the lord, helps those who help themselves,
but unlike the lord, the market does not forgive those who know not what they do."
There are plenty of crooks on both sides of the aisle.
Partisan politics are noise, resist the temptation to demonize either party.
It makes you look bad.
I refuse to believe (or care !) whether "paid bashers" or nefarious short sellers exist or not.
These conspiracy type theories are tiresome and very much non-productive.
As to the "Why" questions surrounding the recent price slide.........the best answer, imo, is, "who knows and who cares".
The rational investor only cares to the extent where he/she can be opportunistic and take advantage of it.
But as most people here have done, I too have investigated for possible reasons -- and have not found anything. In fact, the more I read and consider disconfirming viewpoints....the more confidence I have gained in my long position. So at this point, I intend to add at around $2 but I doubt it will get there.
Buffett has long said, "be fearful when others are greedy, and greedy when others are fearful"
And while that is a very axiomatic statement........the key point left out is, in the end, YOU STILL GOTTA BE RIGHT!
FWIW..........if we (longs) are right, todays price is very much meaningless. If you didn't expect unusual volatility in this position, your expectations were not set appropriately.
What is the mechanism you are referring to, in regards to shorting this stock.
As far as I can tell, the stock cannot be borrowed anywhere.....and there are no options on FNMA.
I'll go with 626M shares.
And I'll say they spent 56% of their revenue on marketing (vs. 52% last Q)
While he has given many away to charitable causes.
Seems he chose to make his money via real, business, gaap, results rather than taking advantage of shareholder......exhuberance.
Looks like we can expect another dose of pumpola in 3 days from our dear leader.
Expect another gold plated dog turd. The man is #$%$ on you longs and calling it rain, and the best part is, you like it !
Well a company that retains all its earnings and makes money should theoretically, attain a new 52 WK high every day in the absence of interest rate movement and assuming an efficient market...........so my all time favorite biz, Brk, only gets a "C" for that.
400K by 2020.
For a few years now, dilution has been the only way they've been able to pay the light bill.
Yes, predicting dilution here is about as easy as predicting the weather in Death Valley.
I've been long the AIG common and the ~$45 warrants (50/50) since earlier this year.
Also bought the "A" warrants for Citigroup which I like a lot..........and even a very very tiny amount of the "B" warrants which are most likely worthless, but have somewhat of an asymmetric outlook imo.
yea sure, that's all true, I just figured I'd start some idle message board chatter in the wake of a dearth of investment ideas.
btw, looks like today might be the day.
I believe no one knows what CRM is really worth with any reasonable precision.
But we can safely say whatever it is, it is far less than 30B.
A rational investor expecting 10% returns would expect CRM to earn 3B THIS YEAR.
And if the company breaks even (zero earnings, zero losses)..........that's fine, as long as CRM legitimately earns 3.3B NEXT YEAR.
Now plug in dilution and real cash losses, and figure out the timing and cash flows expected of this market cap behemoth to justify a 30B cap.