what happened to Meredith Whitney she was early but still may prove to be spot on ? Meanwhile this Franklin muni fund has a load, high fees, what broker puts his clients in this garbage, shameful ? maybe PRES liz warren would shut this sheet down, end of story ?
brkb the very biggest winner, again !! its a beautiful thing.
yo balty, how can u be so wrong AFTER the fact ? r u saying being all in spy the past 5 years has been a bad move ? Do u watch Cramer to make these great picks ? How many boats can a broker like U, buy from a client like me ? how many times have you turned your book the past 40 years ? churn em and burn bro, do your thing !
ny times if you missed it.
reits, mlp ?
++ The total market capitalization to GDP ratio, which Warren Buffet described as “probably the best single measure of where valuations stand at any given moment”, also confirms that stocks are in bubble territory:++
call buffett on a day your idiot partner takes the day off so that kernen cant take the discussion off topic, thank you.
some compelling stuff.
doesn't he read hussman ?
morning syz and mne, seems to me bill gross has put his career on the line with his latest call. IF the 10 year moves toward 3 % over the next 6-9 months he's dead wrong, again, 10s of billions will flow out, and spy might be in trouble. IF gross is right and the 10 year stays down here its harder to see a 20 % sell off. The shocking thing is all the talk about 30,000 kids walking across the border, who else may be walking in ?? What can 100 bad guys do ? its nuts ??
balty, due dili, don't make me laugh. IF not for david winters would buffett even know KO was robbing him blind ? how much due dili did buffett and munger do ? PLUS, once buffett was educated on the issue, what did he do ? pathetic.
very good read. I must admit i'm getting itchy in the kids 401k and grandkids 529, all in, spy , might be a bit aggressive from here ? but looking out 15-25 years maybe not , maybe bonds are a stone cold loser and all in spy is the right move ?
Y should buffett ever bad mouth the fed ever again ? WHO won bigger then buffett and brkb partners the past 6 years or so ? WHOSE net worth grew more than his from the bail outs ? WHO got to front run the fed on several deals ? buffett should be sending SEEs chocolates to the white house and the to the FEDheads WEEKLY for life !! AAAAAAAAAAAAAmen.
++(liquidation of his portfolio via the BMGF), no price is too high. ++
as you know the other foundations are selling HIS lifes work as well. FOR YEARS disrespectful obnoxious experts on this board told decent guys like geepod to SHUT UP
wal st j.
from hussman, what does uncle warren REALLY, think ??
++ Again, on a broad range of historically reliable measures, our estimate of 10-year S&P 500 nominal total returns is now less than 1.8% annually. That said, the most reliable measures actually project negative returns, but then, the most reliable measures are those that adjust most fully for cyclical variations in profit margins, and we are continually reminded that this time is different. The ratio of market capitalization to GDP, which Warren Buffett (correctly) observed in a 2001 Fortune interview is “probably the single best measure of where valuations stand at any given moment” is now about 150% (not just 50%) above its pre-bubble norm, even imputing a rebound in Q2 GDP growth. Of course, Buffett also wrote "A group of lemmings looks like a
pack of individualists compared with Wall Street when it gets a concept in its teeth" - which may explain why Wall Street seems so entranced with the concept of QE instead of actually doing the math. The ratio of market capitalization to GDP, presented below on an inverted scale, is beyond every point in history except for the final quarter of 1999 and the first two quarters of 2000. ++
balt, even for you, u r sooooooooo lost I think you should give serious thought to joining the experts in foolsville. first of all buffett would never ever advise anyone to borrow and buy brk or anything for that matter, is Costco running a sale on two buck again ? As I said many years ago, buffett is wrong on this issue. I would rather have 10,000 small investors own 1000 shs of my 70 $$ stock than have a fund own the block. The notion that small , lower net worth investors are all traders, speculators, or uninformed is so ignorant and obnoxious buffett should be ashamed he hasn't taken that nonsense back yet and apologized for even saying that silliness. balt, when you are drinking hard and hitting the pipe there is no telling what you might come up with ??? FACT IS, i'm waiting, can a buffett expert tell us why buffett should ever be considered, small investor friendly ? Use your imagination and lay it on his, thanks. He worked free all these years which helps those of us who are lucky enough to be able to afford 3 B shs on margin, like me, with help from a loan shark, but how did he help small retail pikers ? splain it to me and lucy, in truckin English bro.
once upon a time buffett understood the stock option issue and raised the question, how should the options be treated, aka, if they aren't an expense, what are they ? I guess at KO 2014 gangbangers taking 10 % of stockholders equity every 5-6 years or so is now, a gift ??????
if you still aren't certain about some of the silly things buffett has written over the years.
++ IMO, the old WEB was a friend of the small investor, ++
morning jad, in America you can be an atheist , you just cant question buffett ! buffett was NEVER EVER a friend of the small investor, like in never. IF he was he would have split the As 30 years ago and made it easier for small investors to buy round lots of brk. INSTEAD, he made it very clear in the 80s he wouldn't split the stock because a split would attract, INFERIOR INVESTORS, shame on him for not correcting that silly statement long ago. Small or low net worth investor doesn't mean, inferior, shame on him. buffett is no bogel, it aint even close bro. bogel was looking out for the small investor long before it was cool, bogel should be on Mount Rushmore. Not long ago buffett said something like stocks were fully valued, or fair value, the spy sold off, the press blamed buffett, he will never make that statement again in his lifetime. buffett didn't even know how much the KO gangbangers were stealing from him, and other KO shareholders , shocking. munger has become a total embarrassment at djco, this ain't mommas brk any longer, no way. That said aapl will be called from me, the aapl puts will expire worthless hence brkb is once again my largest exposure by far. I'd rather bet on the low cost hypocrites at brk then the corporate gangbangers at the KOs of the world. what a contry !