Friday, December 25, 2009, 12:49AM ET - U.S. Markets Closed for Christmas.
Warren Buffett is justifiably lionized by investors and mainly fawned over by the press. But beneath the fanfare, some critics say the "Oracle of Omaha" has lost his magic touch, and point to the recent slide in Berkshire Hathaway's stock as evidence.
The short case against Buffett, or more specifically Berkshire shares, rests largely on the following:
But don't bet against Buffett or Berkshire stock, says James Altucher, managing director of formula capital and author of Trade Like Warren Buffett.
Altucher says Buffett's financial holdings are best poised to survive the current downturn and thrive when the cycle inevitably turns. The investor and author also has tremendous confidence in Buffett's ability to "reenergize his portfolio" and play demographic trends, in this case via holdings in healthcare names like Sanofi-Aventis and Glaxosmithkline.
Finally, Altucher notes that every time in history Berkshire shares have fallen more than 25% from a peak -- as they did in the recent peak-to-trough decline -- they have risen at least 37% in the ensuing 12 months.
Update: Altucher had no position in Berkshire shares when this interview was recorded.
This is why Warren is a billionaire, and you're not. Small minds always have questioned greatness. 80 is the new 60, and Berkshire is a gimme. There is no better buy signal than when some idiot casts aspersion on WB.
This is why Warren is a billionaire, and you're not. Small minds always have questioned greatness. 80 is the new 60, and Berkshire is a gimme. There is no better buy signal than when some idiot casts aspersion on WB.
This is why Warren is a billionaire, and you're not. Small minds always have questioned greatness. 80 is the new 60, and Berkshire is a gimme. There is no better buy signal than when some idiot casts aspersion on WB.
They said the same thing when Buffet passed on the dot-com boom.
This is why Warren is a billionaire, and you're not. Small minds always have questioned greatness. 80 is the new 60, and Berkshire is a gimme. There is no better buy signal than when some idiot casts aspersion on WB.
Warren Buffet is a good investor and his holding is okay.,......He is not a gamble but a long term strategist........US Bankcorp,American Express,Bank of America,Sanofi Aventis,Glaxosnithkline,All of them will recover do not think of six months or next 12 months....Think in the next 5 years to 10 years his holding still there and became so solid in 5 years time the most..In five years time all his holding willgive good return on dividend and goo capital appreciation or good capital income such as capital gain.Th point is we are too short sighted because of the current situation........My advice is follow his holdig now,make a carbon copy of his portfolio and you will not regret it in the long end....Pereverance is needed.
Warren Buffet is a good investor and his holding is okay.,......He is not a gamble but a long term strategist........US Bankcorp,American Express,Bank of America,Sanofi Aventis,Glaxosnithkline,All of them will recover do not think of six months or next 12 months....Think in the next 5 years to 10 years his holding still there and became so solid in 5 years time the most..In five years time all his holding willgive good return on dividend and goo capital appreciation or good capital income such as capital gain.Th point is we are too short sighted because of the current situation........My advice is follow his holdig now,make a carbon copy of his portfolio and you will not regret it in the long end....Pereverance is needed.
How can anyone take this guy seriously with that mop on his head? Dude, get a haircut and comb your hair... you look like you just got out of bed.
Warrent Buffet Holding is a good bet..If you follow you will not regret it in five years time the most.Yes it was down today but in the end it will be the winner.
Too much money but too little time to enjoy them... damn, I wish I have a such problem.
Do NOT look at how much BRKa is down from the peak. That is meaningless. Look at where the Book Value is. And How much it has climbed the last year, last 5 yrs., last 10 yrs... Page 1 of this document says it all: ( at least far better than how much it is down from the peak) http://www.berkshirehathaway.com/letters/2007ltr.pdf
Personally, I think Charlie Munger is the brains behind the Operation. Buffett Seems to linger aroung Munger. CancerHeads!
One or two years from now this article will look pretty stupid. That is the beauty of the internet. It is a far less permanant record than newsprint. People quickly forget what is read off the internet.
NOBODY BATS A 1000.AT THE END OF THE YEAR BUFFETT WILL STILL BE THE BATTING CHAMP.
How dumb! If he were to swap the holdings like most of the short term investment managers do, imagine where we would have been. Housing and financials are bound to come back, and guess who will be the winner? WARREN BUFFET. Think fundamentally, Long Term!
I always chuckle when anyone says criticizes Warren. When you become the greatest capital allocator the world has ever seen, then perhaps I'll take your criticism as poignant. Please, have some respect. The man is entirely self made. Now, let's see you go do it.
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SteveB - Thursday August 28, 2008 09:49AM EDT
If buffett were busy analyzing economic and market trends rather than publicly opining on things he knows little about (like income taxes on the rich) his investment performance might improve.