""Let me pose a question for you. It's 1930. Oil in the United States is in glut. We have cartels to get the price
up to $0.50 a barrel. Everywhere we drill we find more oil in our own country; everywhere we drill in Arabia we find even more.
What would the correct policy of the United States have been in that time? Well, the correct policy would have been to issue $150 billion of very long-term bonds and cart 150 billion barrels of Middle Eastern oil into the United States and throw it into our salt caverns and leave it there untouched until the current age.
It's easy to see that in retrospect, but who do you see who ever points this out? Zero. We have a brain-block on this issue. We should behave now to do on purpose what we did on accident then."
so uncle Charlie, let me ask you and uncle warren a question ?? brk was selling at bookish, if you know you can grow book at 7 % plus over time, and you can borrow below 4 %, why wasn't it a no brainer to borrow 20 billion and buyback brk in the 70s ? I know, I know, you two don't take serious questions, I know. AAAAAAAAAmen.
the idiot savants think 51 % of the voters want a lower rate on the super rich, very sad.
just early, sometimes !! AAAAAAAAAAAAAAAAmen. ucmtsu,no way.
hbird, I only know 2 danSIN girls 10 years or longer obviously U are special !! U remained in my life all these years with no pole ! impressive.
"I'm betting that within 10 years IBM will be doing 30-60% of medical practice", Balt what you know about the art of medicine I could put in a thimble with room left over. The sad part is I suspect you think you do know something."""
doc, to be fair, CLEARLY his expertise is VC and retail investors.
But hope seems to spring eternal for electric-car investors. BYD trades at 53 times forward earnings. Granted, that is less than the 100-times multiple Tesla fetches. But BYD's valuation is four times the second-richest Hong Kong-listed auto maker, Brilliance China Auto, and nearly double its own five-year average, according to FactSet.""
I wonder if buffett and munger, promoting, a baby blue chip has any affect on its stock price ??
after each bear makes his case the experts from the press always ask why they are betting against uncle warren. You would think these worthless idiots would ask the short, do you know who bill gates is ? do ya think buffett may have discussed ibm with gates BEFORE buying 11 billion ? does gates know a little bit about the space ? you are shorting against buffett and gates, no ? btw, if I was ibm I would be running ads, WE DIDNT WORK ON THE ACA website. IF, IF, the dem jokers had hired young start ups like msft,ibm, aapl, goog, would team Obama be taking 1 minute of heat IF they trucked it up ?? what better ad for these americon companies, next time hire PROS not jokers to do the job 75 % cheaper and on time ?? IF the paperwork is that CONplex and they couldn't bid, FIX IT and make it bid friendly ! what a CONtry ?? Maybe at fox maria will be allowed to question buffett IF he will leave his other sister, liz and allow it ?
my post from early 2013, revisited,
""" The Bs issued and outstanding now 1.1 billion plus up from less than 750 million in 2006.
jan13,2010 brkb closed at 66. Jan 21/2010 brkb split 50 for 1. Jan 29/2010 brkb closed at 76.40. brk was added to the spy index around 3/5/2010 , we know the huge volume pushed brkb to 84 ish by the time of the index add. March 30- 2010, Sokolgate news broke brkb dropped from 85ish to 75 in 30 days. In the past 3 years the price of brkb has responded aggressively to very significant obvious events, the stock split, the spy add, the authorized buyback press release in sept 2011 , and the increase in the buyback limit in dec 2012. In general brk doesn’t respond to iv and bv discovery that isn’t what moves our stock price. There are two remaining catalysts that can help brkb to outperform going forward, which I first called for in 2006. A 1 % div yield would create huge demand from funds, institutions, and investors who can not or will not buy non div paying stocks. Buffett has made it very clear in this years annual report he still doesn’t understand the concept of supply and demand or he doesn’t think it applies to brk hence any div in the near term is very unlikely. The foundations are selling about 25 million shs a year, with brkb at 100 plus it takes 2.5 billion of net buying to absorb this selling every year, forever, buffett says the increase in brks float isn’t material, I say it is. The proof that it is, is the fact that buffett had to authorize the buyback in sept 2011 to goose the stock back above book so that the foundations weren’t forced to sell off his life’s work near book or below. The second remaining catalyst for brkb to outperform would be to change the buyback SEC filing to authorize buybacks at a, material discount to IV, with no book limit, which is what he should have done on sept 2011 to begin with. I doubt he amends the SEC filing in 2013 either. The option premiums in brk have gone
once buffett is a huge buyer of any stock and , promoting it, selling the puts is a trap waiting to happen, THAT was the point I was making to our brkville brother. The puts are TOO CHEAP relative to the risk, once any stock gets the buffett, good housing keeping seal of approval, and HE is PROMOTING IT in the brk annual report etc. That's why I posted I was moving off the brk puny premium puts to UNLOVED aapl, which had high premiums when all the experts downgraded aapl in the low 400s. Now that Icahn is , promoting aapl, I wouldn't sell another aapl put either, I have to move on and let what i'm short hopefully expire worthless next year. THATS the point im trying to pass on, bottom line, he sold the IBM puts trying to make 2.5- 3 $$ and he lost 20 $$ plus doing it , a very bad risk to reward bet. Will ibm be 200- 250 by year end or next year ? I have no idea that isn't the point. The put SELLER took to much RISK relative to the upside potential and now he's averaging down , great good luck , most smart traders don't like that idea. Just a reminder i'm trading options since before they were listed and commissions were off the chart back then and at many firms I was the first to get approval to sell puts in an IRA. You guys keep selling puts for pennies relative to the RISK you are going to get punished, imo, I hope this saves one option player !
Under Obamanomics, America Morphs Into Welfare Nation , ibd.
brky, 20 mas anos, no ??
what I know today is what i knew 2 years ago, that in 5 years brkbs bv will be higher, iv will be higher,the stock will be higher and when he buys back brk I own more bac, geico, see's,and the wts we got from the sweet heart deals in the past etc. BRK owns buffett's best ideas IF I want to own IBM vanguard charges me 2 bucks to buy it. PLUS, I want uncle warren to promote brk, not ibm, dig ?
balt, its nice how buffet used the brothers from brazil to be the hatchet men while he claims, I aint running dat show wat do I know ? its a beautiful thing.
#3. Because he wanted to screw my clients over, and keep 62 1/2 from hitting the tape (hit the irony key on your machine to translate that idea.)"""
bro, buffett authorized the buyback in 2011 so that your clients buy limits at 62 1/2 wouldn't get hit ?? You should have your own showroom in vegas u are a riot !! Thanks for the laughs.
now try to make the pitch to doc to make that investment under the H rule, money invested into start ups get a special 10 % max rate, for long term gains , on start ups or companies with little rev. WHO creates the JOBS bro ?? Do you want our best and brightest moving to Singapore to get funding and start their companies overseas ?
Bro, let's not make things CONplicated, I got my ObamaPhone, I know which party I'll be voting for in 2016.""
they busted you selling your food stamp card for beer ?
buy an hour of WB's time and ask him whatever you want."""
bro, if i'm buying an hour of time it will be with pam or jenna, not uncle.
bro, buffets net worth more than doubled the past 5 years, us brkb partners did ok too, whats not to like ? This college boy thought low interest rates would help those who can't borrow, don't own stocks or bonds, and can't get a home loan, lmfaoooooooo.
40 mas anos !!