What Did You Buy Today?

[fenders53]

(05-05-2020, 10:43 PM)vbin Wrote:

(05-02-2020, 07:58 AM)fenders53 Wrote:

(05-02-2020, 07:49 AM)divmenow Wrote: So Warren Buffet bought nothing with all that cash in recent months. Interesting


Warren Buffett has been waiting years for stocks to look more attractive. He apparently didn’t think the first-quarter plunge was that opportunity.

The famed investor’s Berkshire Hathaway Inc. spent the quarter building its massive cash pile to a record $137 billion as the coronavirus slowdown started to grip the U.S. That was up almost $10 billion from the end of 2019, while Buffett spent just a net $3.5 billion buying shares of his and other companies.

The window was brief for a a big move, but I find it very odd he didn't do something a little more substantial.  I get it that even he has never seen anything like the virus in his investing career, but he knows his actions have been questioned.  They have lost a bit of their edge.  Almost like he is trying to "protect a lead".  I still love Uncle Warner buy he's lost his competitive edge.  He probably thought the market had another 10% like many of us, but that would be market timing which he has preached against his entire life.

I would doubt he has lost his edge. He has access to more information that all of us combined here. He has access to most of the C executives, fed officials, politicians and what not. He is definately talking to gates as well to get his opinion on the virus and gates has committed substantial amount of money in research. So the likelihood that he missed the opportunity is very unlikely.  He also might have a different play here(speculation) due to distress in certain sectors in coming days, he will get calls and he might have better loan shark moments like what he did with oxy.

I don't mean to be disrespectful of Buffett.  I never miss an interview.  I just feel like he's lost of bit of his competitive edge.  I really did think he would pick up a few more equities in March.  The FED surprised him and this wasn't 2008 needing emergency financing from him, yet..   It may not be too late.  It will be curious to see where BRK goes the next decade.  I realize they own a huge stake in APPL.  BRK will need a little more 2020s and a little less 1980s going forward or they are going to lag the SPY more substantially.  I think they will limit the loan sharking.  That carries with it considerable risk during recessions.  He may end up a major shareholder in OXY as they are not paying that interest in cash anytime soon.  Time will tell if that's good or bad.