thanks fellas, other than ibm, when was the last year he was a big net buyer of common stocks ? So, ,my question is, why does the press still refer to buffett as the greatest investor of all time ? what does that mean ? how brkb has done vs spy LONGGGGGGGG term or how his stock picks have done vs spy?
seeking alpha. again, I don't think he drills down on the correct issues but worth the read. jad, sean, when was the last year that buffett was a large net buyer of stocks, not debt with kickers from 2008ish , a NET BUYER , a bull, US common stocks ? thanks.
cherry picking the trades to make the, pay off, never happens, never, amen.
This is what happens when Hillary gets advice from silly old men. What does buffett think about this plan ? Why not try get unemployment below 4 % by tying fat cat tax rates to the number of people they hire while they run the company ? So, in the case of ibm, if ginny reduces head count 5-10 % while she is the boss,to goose the stock, the tax rate on her options rises 10 % ??
H and Pam in 2016 !!
better than I expected but still, when a guy like Bary doesn't understand the bullish case , brkb, and the experts in the business, can't make the bullish case, its disappointing. At least he drills down on the poor stock picks but never addresses the ,opportunity cost , of buying ibm over brkb and why buffett refused to buyback brk at large discounts to , IV ? WHY the 1.1 and now 1.2 xs BV limit for buybacks ? Oh well, better than three hours with useless Joe and Becky.
++ But WEB could not and would not repurchase BRK shares in size; you know that. ++
its a waste of time but maybe you haven't heard, the foundations SELL 3.5 - 4 BBBBillion dollars worth of brkb yearly, follow ? remember in 2006 I said brk should disclose that the company has the right of first refusal on ALL foundation sales, forever ?? still with me ?? brk could have bought back 3 BBBillion plus a year since 2008, for fun. PLUS, those shares never would have seen the public market and brkb never would have traded below 1.5 XS , BV, IF he split the stock in 2007 and authorized the buyback in 2007 as well.
carry on, I know its hopeless.
++ I calculate about $188/share++
thank you but to be fair ibm didn't have to pay the div on those shares so net net, maybe 170s. still, ibm ,like buffett, should have listened to me and bought brkb NOT ibm !! oh well, but if beach is a happy ibm shareholder that's all that matters to me !! AAAAAAAAAAAAAmen.
something isn't right and we know buffett isn't selling ?? why give up at 160 ?
170 plus ??
anyone know ?
z, I give up, beach is right, ibm is a monster winner, and a brilliant buy !! AAAAAAAAAAAAAmen.
this is a terrific interview Marks is 10 star !! It would be very cool for buffett to agree to do a real interview while he is still reasonable sharp.
based on what's happening in the closed end space in general it wouldn't shock me to see the discount move toward 10 %. amazing punishment for retail investors.
an hour interview with ritholtz.
my value lines only go back to april 2012. did anyone keep 2011 ?
2012, debt is 53 % of market cap.
july 3,2015, value line reports 74 % of cap.
that 2012 VL predicts earnings of 20 $$ a share by 2017, good luck ginny if she is still there, which I doubt.
++ Today, IBM has 1.16 billion shares outstanding, of which we own about 63.9 million or 5.5%. Naturally, what happens to the company’s earnings over the next five years is of enormous importance to us. Beyond that, the company will likely spend $50 billion or so in those years to repurchase shares. Our quiz for the day: What should a long-term shareholder, such as Berkshire, cheer for during that period?
I won’t keep you in suspense. We should wish for IBM’s stock price to languish throughout the five years.++
show us where buffett says, I hope ibm misses and guides lower /14 after 1/4 for years, because earnings don't matter, because DOWN regardless of the reason is ALWAYS, GOOD, show us. what happens if ibm debt to equity goes to the sky and buybacks are limited due to lower than expected earnings, is that GOOD too ?? Many of you have abused buffets confusion to justify the FACT, that buying ibm over brkb has been the BIGGEST mistake of his life, period. AND, those who followed this folly dumb move , like our old buddy toddfinances, a financial expert, have been punished as a result. Your move beachy, lay the down is good and missing is good theory on us. very sad.