Plus, every young boy needs to get threatened by his Dad when he hands him the wrong sized US wrench.
OT: Why is Warren Buffet always ahead of the game?
- Thread starter itseasyas1-2-3
- Start date
Put out a verifiable prediction if you feel something is going to happen. So we can check it later. Doomsday people are no different than climate activists. Always saying something will happen and changing the goal posts. We need specific predictions.
Berkshire Hathaway reported a 9.XX% stake in BAC on the 15th, coming down from above 10% as you mentioned. I am not a strong technical analysis guy, but I dont see anything since then that would suggest he dumped his entire position afterwards. Not in the price action or volume. (I could be wrong) Also, BH holds significant positions in AMEX and Capital One. In a financial meltdown, I imagine they would take a solid shot to the nuts before some of the larger banks. (again, I could be wrong)
All that said, I look forward to you posts on this topic. We are at different levels of doom and gloom, but you always make some good points.
We’ll just bail those boys out again, that’s what we’ll do!
The bunker I furnished with my bitcoins will be great for the societal collapse. It's guarded by overlapping machine guns, then a contingent of Navy Seals, then a dozen real seals.
The only part I haven't figured out yet is how to use my bitcoins when society, and thus internet access, has collapsed. My nephew, who's a lot smarter than me and showed my how to get bitcoin in 2010 so I don't have to invest in the fake US economy, says he knows how to do it though so I'm not worried.
The only part I haven't figured out yet is how to use my bitcoins when society, and thus internet access, has collapsed. My nephew, who's a lot smarter than me and showed my how to get bitcoin in 2010 so I don't have to invest in the fake US economy, says he knows how to do it though so I'm not worried.
And people like me need to stare at my wrenches hanging on my pegboard and figure out which metric wrench is closest to what standard wrench.
Keep this post handy.
Again, I agree but can't give a Like.
If 123456 knew what recently updated DoD Directive 5240.01 said on page 13, he might be singing a different tune.
Probably has more to do with the fact some like JPM and BAC are trading at 52 week and nearly all-time highs
He bought low and sold high
Which is kind of the point
Figuring it out? I just make my best guess and then move up or down from there. I use my metric about 10 times as much as my SAE. I guess I do understand metric.! Except for liquids. Sir, would you like 800 mL of beer? Is that a 20 ounce?
The major thing with Buffet is the ridiculous naked shorts in silver those big banks have. What Buffet and his financial aides do with those billions of dollars can remain a mystery whenever he is less than a majority share holder.
Although I agree that he could take a real shot to the nuts, he is days ahead of impending disaster by his inside contacts, and one way or another the Oracle will land on his feet. At the end of the day, everyone including you and I are gonna take it in the shorts when the thing plays out.
But that's secondary to their exposure in the naked silver contracts they have.
As bad off as we are, thankfully, the rest of the world is in the same or worse state when it comes to debt and demographics. Historically, this meant a major world war.
Buffet is Berkshire and Warren doesn't have a lot time left on this earth. By saying Warren lands on his feet you are thereby saying Berkshire will land on its feet. Which means a lot people will land on their feet.
My biggest loss to date was from me being invested in common stock, thinking I was aligned with a billionaire investor. We are playing checkers and they are playing 3D chess.
I agree, but since most are not majority share holders they don't have to publicly report their trades.
When I say land on his feet I said that sarcastically, since all mega billionaires are gonna fare just fine regardless of what happens economically. You seem to be moving along merrily through life, and that's a good thing for you. Now, I won't be responding any further, okay?
1 quart is about a liter. Actually, I think it’s around 950 cc but 1 liter ~ 1 quart is definitely close enough for beer
Metric has been kind of sneaky. We’ve been calling those large bottles of soda 2 liters forever and everyone gets that. 1 liter of beer seems reasonable at one sitting.
I predict you'll be changing your tune before January. I'm not gonna talk anything political on here cause I don't care to have the thread erased. Someone on here might actually benefit from what I post.
Look, I'm not gonna continue to reply to your posts since you and I are exact opposites. Our exchanges serve no purpose whatsoever. Peace out.
I'm actually gonna respond that I agree, I hate the effing metric wrenches as well.
All those dudes probably have stoploss high price sell off deals on their stocks. A lot of us do I’m guessing. So it may mean nothing more than certain bank stocks have become too expensive for their earnings and they sell them. May also mean that no matter what happens after an election Bank shares fall. I don’t think it means we should all start digging shelters in our backyard and stock up on toilet paper
For those on here that may not know, Streamer15 is one of the sharpest guys on this entire site, he and I have previously chatted in private, so I have a lot of respect for his business acumen.
As you know, other than one little gold mining stock, I do not partake in the stock market. That doesn't mean that there aren't many that do well.
I have simply aligned myself with physical gold and silver since it can't be bankrupted and has no counter-party risk. If I have it in my hands, then I own it. There will be ups and downs, since I play the long game, I'm not a guy who buys to sell. I buy and hold and thus far it's worked well for me and those in my family.
In all honesty, and I never tell anyone what to do with their money, but having some physical gold or silver may become a saving grace for many people one day. No one knows when that day will come.
Sounds good. Just know that "changing my tune by January" is another vague prediction. That could mean anything from nuclear war to my 401k went down 7%.
I just want to also put it out there that something will happen with regards to the Husker coaching staff by February. Don't ask for details.
I'll play one more time. There are 100 things that could play out in the next couple months that would change this country as we know it. It isn't possible to lay out any specific date examples since that would require talking political/geopolitical issues, and the mods aren't gonna allow it.
I have two more posts I'm gonna do today, and I won't be talking anything political there either.
You should be so lucky that your 401K is only gonna go down 7%.
Our exchanges are pointless, that's why I've had you on Ignore.
Here I am foolishly refreshing my Schwab account to see how I am doing...when it is not even real.
Actually SOME of the schwab accounts are real. Give me your login and I'll check for you.
There is nothing political about saying you guarantee my 401k is down a specific % by January. And you would have to predict something fairly large. Even 7% would put the S&P at a 15% gain for the year.
Didn't you read? There's 100 things that could play out in the next few months that will change the country. (just like any few month period in history).
So your saying I need to take all of money out of savings and put it where?????
