++WEB has created for himself a criteria where he can never lose++
correction dickey, buffett is trying to have it both ways hence HE can never be WRONG, losing money is another issue ! WHY is he doing this ? Because nice kids like beach, brky, and todd are buying into it, DOWN and MISSINg is GOOd !! for 10 years, missing and guiding lower is GOOD, what an embarrassment, our BODs should step up and protect him, as todd would say, its heart braking AND heart breaking. its a shame to watch him go out this way, the talking in the industry will begin the day after HE passes. sad.
WMT !! it meets ALL the tests,
deteriorating business, losing to competitors,
buying back stock at higher prices,
never ending opportunities to, average down, for expert stock pickers,
overpaid clueless hopeless management,
I could go on but i'm CONvinced, its wmt !! AAAAAAAAAAAAmen
just wondering, what do cbi followers do now ? Do you sell and hate it now because brk lightened up ? Do you average down ? How do you know if buffett and team brk is selling or averaging down before they disclose it ? HOPE buffett does an interview with financial experts, becky, joe, brian, and sorkin, and then AFTER the interview , have no TRuckin clue what buffettt said or is doing ?
SIMPLE question for uncle warren ?? IF a company buys back tons of its own stock and keeps missing and guiding lower should management take material pay increases while destroying value ? Should wmt invest in its business or raise the div, buyback stock, and reward execs ? What do experts think ??? shameful.
great stuff from david stockman, does a real job on shld.
++ not too bad, so if stocks go nowhere in the next 5.5 years++
sean, wouldn't it be amazing if we had two monster sell offs during the life of the puts being outstanding ?? BUT, if we have another sell off it might happen while buffett is no longer running brk, not a pleasant thought.
VEGAS CHIPS !! lmfaooooooo.
++ The equity index put option contracts were written between 2004 and 2008. These contracts are European style options written
on four major equity indexes and will expire between June 2018 and January 2026. Future payments, if any, under any given contract
will be required if the underlying index value is below the strike price at the contract expiration date. We received the premiums on
these contracts in full at the contract inception dates and therefore have no counterparty credit risk.
The aggregate intrinsic value (which is the undiscounted liability assuming the contracts are settled based on the index values
and foreign currency exchange rates as of the balance sheet date) of our equity index put option contracts was approximately $846
million at June 30, 2015 and $1.4 billion at December 31, 2014. However, these contracts may not be unilaterally terminated or fully
settled before the expiration dates. Therefore, the ultimate amount of cash basis gains or losses on these contracts will not be
determined for several years. The remaining weighted average life of all contracts was approximately 5.5 years at June 30, 2015. ++
++As of June 30, 2015 and December 31, 2014, we concluded that there were no unrealized losses that were other than
temporary. Our conclusions were based on: (a) our ability and intent to hold the securities to recovery; (b) our assessment that the
underlying business and financial condition of each of these issuers was favorable; (c) our opinion that the relative price declines
were not significant; and (d) our belief that market prices will increase to and exceed our cost. As of June 30, 2015 and December 31,
2014, unrealized losses on equity securities in a continuous unrealized loss position for more than twelve consecutive months were
$128 million and $65 million, respectively. ++
sadly buffett, once again, is saying the loses in ibm are, temporary, because HE says so , and our BODS allows this to continue. Did HE hold Tesco, to recovery ? The Irish banks ? cop ? We don't know our cost in ibm, without divs, because HE goes on the becky show and when he leaves, NO ONE has a clue what he said ?? IF our bro is right and the cost is 185ish pre divs, THATS material to me and most 1st graders. sad.
++ Why do you care so much that he thinks he's right when you think he's wrong?++
brky, this is where your thinking is flawed, I don't think anything, I KNOW, 1000 % KNOW, what buffett said in the 2011 letter when he was, promoting ibm, while beach was sleeping. HE said earnings are of, enormous importance, PERIOD, ibm isn't going to earn 20 $$ a share like he thought in 2011 when he bought it, ibm wont make 16 $$ , imo. the STORY has changed, HE, bought lies and bullsheet, now, its a turn around story, its a , 10 more year story. in REALITY, its a, I cant admit I was conned again, that i'm wrong again, its a very sad story and I've had to adjust MY thinking as a result. Its ok to make a mistake, its never ok to convince yourself that missing and guiding lower while taking a 28 % pay raise is good brky, sorry bro, even rich guys get mental health issues eventually. Our BODs should step up and stop all live interviews, its embarrassing. I love the guy, HE made me tons, its time to reduce his role, simple.
brky, I have to share my brain with z, hence, we each have a 50 IQ tops, so make it very EZ for me. Whatever it is that buffett is buying, tell me now, are we hoping its 10 % lower by the time he discloses the name or higher than his cost basis ? Would lower, missing, and guiding lower mean HE did it again, another brilliant pick ? Thank you for your guidance.
++ When has Buffett ever said he thought IBM was going lower? ++
speak to beach. U are CONfused, again. buffett is very happy to see ibm drop for 10 years, so that he and ibm can buyback at lower prices, regardless of, Y, the stock is dropping. SO, if ibm makes 12 $$ a share in 2018 and ibm trades at 120ish, buffett will LOVE IT !! I don't make this sheet up brky, maybe beach will be kind enough to splain this CONcept to you ??