++ Hell, you could even have written a Seeking Alpha article with those thoughts that might have been worth the read.++
I'll write the outline of what i'm trying to prove, YOU , get any and all compensation from seeking a, or any other publication you can get to run it. If you have the skills to research and write a coherent article, lets hook up and get this done. Lets put the myths to bed, lets disclose the facts, and we can shame cnbc for all the hours they wasted giving buffett a free pass for the past 10 years.
Maybe i'll ask the Brooklyn investor if he has any interest tho I don't think he's a , rock the boat, kind of guy ??
sean, you seem to have the skills, wanna, play, DISCLOSE THE FACTS , reality 101 ?? Thanks for the idea
what I want is the FACTS so that nice kids like todd don't blow their money. In the past 7-10 years I can only recall two times when buffett actively promoted a stock, HARD, that was the byd battery world wide pumpathon with munger and sokol when the stock was 10 plus and ibm. CNBC and other clowns keep pushing the great LIE, the greatest stock picker of ALL TIMES will be their guest, nonsense and LIES cost retail lots of money !! The FACT is buffett has been a contrary play in many instances the past 10 years. Those who sold into buffett promos have been the winners so far. Let buffett do a real interview and take a simple question, why have you been so bearish American stocks the past 7-10 years ? How can you support a 28 % pay raise for ginny, how ? I could add 10 more questions but even you might get the point. Would todd have sold his brkb to buy ibm if buffett didn't make the case ? Would axp and MANY others who wont admit it have sold ibm 195 puts on down if not for buffett promoting the stock ?
STOP THE LIE, following buffett into a stock pick can be very dangerous to your net worth, period !! Since buffett cant make the bullish case brkb, I guess I have to.
DOWN is GOOD, I know. shameful.
yahoo has made it very hard to follow threads, your post,
WEB#1 was fabulous! WEB#2, not so much.
WEB#1, 12/31/1979 to 6/30/1998, 18.5 years, 34.6% ATR.
WEB#2, 6/30/1998 to 6/30/2015, 17.0 years, 5.8% ATR. ++
That's brkb returns, right, what about his stock picks, returns, who will figure that out for the past 10 years ?
++ it's been on a very limited playing field due to size. ++
lol, you and beach should get a room, so much in common !! at least now I know its YOU, show me once since 2011 when I ever said buffett should have bought nflx over ibm, show me. btw, since you brought it up, could buffett have bought size in apple, goog, neflex, spy, brkb, etc since 2011 ? Maybe it was EZ to buy ibm for a reason !! I know brky I know, DOWN is GOOD for 5 years, I know !! say hello to beach for me and together reread the annual letter in 2011 and read what buffett REALLY said about ibm and earnings expectations. DOWN is GOOD, AAAAAAAAAmen.
jad, is that what BRKB , the stock, has done, or what his stock picks have done ?? if buffett had been averaging into spy monthly the past 20 years with all cash above say, 20 billion, wouldn't that have beat what buffett, todd, and ted have earned on their investment, picks ?
this applies to put sellers in many instances as well.
morning brky, I was worried about you. I figured maybe a 100 to 1 shot came in ?? YOU FINALLY understand buffett is not the greatest stock picker of all time, not even close, that buying ibm over brkb IS, the biggest mistake of his life, AND, he hasn't been a net buyer of stocks in many years.
HOWEVER, some day, no doubt an, expert, will label buffett the most unselfish CEO of ALLLLLLLLLLLL times, that might get the ball rolling toward the FACTS with respect to brkb, the STOCK, and its performance over long periods of time !! I thought sean might get it but so far, I don't see it. Since buffett and munger don't understand the bullish case, brkb, I don't expect many here to join me. Welcome back brky, who knows, maybe some day todd will, man up, and visit us ??
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 ??