Staying on our "guys who got this trend right" theme - Warren Buffett has been standing on the sidelines holding a war chest of cash over the past few years.
Buffett writes in a New York Times op-ed that he is now deploying his cash hoard into US stocks.
"Fears regarding the long-term prosperity of the nation's many sound companies make no sense," wrote Buffett. "Most major companies will be setting new profit records 5, 10 and 20 years from now."
"Bad news is an investor's best friend," Buffett said. "It lets you buy a slice of America's future at a marked-down price."
Buffett joins Dallas Mavericks owner Mark Cuban in the "going long" stocks club.
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3 comments:
what works warren buffet doesn't always work for everyone else. You have to remember that his main aim in life is not to be an investment guide for the rest of us but to make money for BRK-A and BRK-B. In anycase, I doubt he is responsible for the upside volume on any of the exchanges..he is getting specially negotiated deals directly from the companies. And even on top of that, he has the bandwidth to survive being wrong in the short term..I doubt if WB will ever get a margin call.
Good point Anil, he is definitely not a margin buyer - I suppose we wouldn't be either if we had tens of billions to deploy...
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Recently an insurance company nearly wind up....
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A bank is nearly bankrupt......filing chapter 11 protection.
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How it affect you? Did you buy insurance? Did you buy mini note or bonds?
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Who fault?
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They bailout trouble finance company, but they will not bail out your credit card bills…….Should they have use the bail out $$ to pump into all different industries instead ……You got no choice, and no point pointing finger but you can prevent similar things from happen again……
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Are you a partisan?
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Since the bailout already done, the question now is besides letting the economic back on track, what regulation should be done to prevent similar things from happen again…..
Eg.
The top management of the Public listed company ( belong to "public" ) monthly salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take well care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......because the top management will be concern about their own pay check…… Instead of spending big money on hotel stay and luxury function……..Top management get monthly salary and director fee, while investor get dividends….
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Whenever anywhere, anytime, there is election campaign.....We can use this to question your candidate there….. if you agree on my point, please share with many people as possible.... Finance and Media are the two only industries can shaken politics ( Maybe Hackers can ), please help to highlight also...
Also recently some comments say that Respectable Mr Buffet had start buying, yes, he started buying with guarantee return of 10% annually….. Do we individual investor had the same offer…. If yes, I will definitely join in and buy……and the institution will definitely wouldn't short of money if they offer the same terms to the individual investors.....
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Eg:
Just image, Institution lent out the shares already, in their hand, they don't have any stock or shares already, but Institution know that in the market, there are those individual investor who borrow the share going to sell the stock, so Institution naked short also, because there is no restriction on those Institution that those stock or shares that lend out, cannot be trade by the institution at that moment.
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