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(Marketwatch)   The real takeaway here is that Warren Buffett can lose $7,000,000,000 on his last 7 trades and still be the third richest man in the entire world   (marketwatch.com) divider line
    More: Obvious, Berkshire Hathaway, end of the Warren Buffett era, Berkshire's SEC filings, airline stocks, Kraft Heinz, preferred shares, Buffett's biggest recent investments, common stock  
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458 clicks; posted to Business » on 22 May 2020 at 1:28 PM (9 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
 
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2020-05-22 12:40:56 PM  
Well at least he worked for it. Makes me feel guilty for my $145 unemployment check.
 
2020-05-22 1:13:31 PM  
Last 3 trade. Dammit. My bad
 
2020-05-22 1:41:23 PM  
Millennials just aren't in to the iconic brands Buffett enjoyed as a boy.

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Knowing I helped crash a company gives me a warm, fuzzy feeling.
 
2020-05-22 1:43:54 PM  
Well, three investments with a total of six positions that were arrived at, probably, through many more trades.  And the decline in value would be for BRK and not Buffet personally.  Although Buffet would have a large position in BRK.

He's doing OK.
 
2020-05-22 1:52:51 PM  
I imagine he's playing the long game.
 
2020-05-22 2:29:16 PM  
At 90 I doubt Warren is making many of the decisions himself.
 
2020-05-22 3:26:21 PM  

Psychohazard: I imagine he's playing the long game.


Being willing to have a bad quarter (i.e. eat a bad loss before it gets any worse) to salvage a decade is the difference between Buffett and your typical Wall Street compliant CEO.
 
2020-05-22 3:27:37 PM  
Warren Buffett leaves in long-term growth not short term exploitation's
 
2020-05-22 3:29:25 PM  

RussianPotato: At 90 I doubt Warren is making many of the decisions himself.


Afaik he's mentally pretty solid for his age. I do think he's handed over more control to successors but my guess that is more for continuity planning than because of his state of mind. Pretty sure he still works his ass off too just because he doesn't know any other life.
 
2020-05-22 3:45:11 PM  
This guy writes as if everything ends today, and there's no way Buffet can ever make his money back. Get back to us in a couple of years, Skippy.
 
2020-05-22 4:34:47 PM  

Psychohazard: I imagine he's playing the long game.


He's 90...the long game is what, 2025, best case 2030?
 
2020-05-22 5:15:32 PM  

NewportBarGuy: Last 3 trade. Dammit. My bad


7's the key number here. Think about it. 7-Elevens. 7 doors. 7, man, that's the number. 7 chipmunks twirlin' on a branch, eatin' lots of sunflowers on my uncle's ranch. You know that old children's tale from the sea. It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. Step into my office.

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2020-05-22 5:38:39 PM  
I think the problem was that everything was so overpriced he ran out of bargains to buy, and he's bad at the strip n flip.  Of course, he still has $130 billion sitting in cash, so when the stock market goes down a bit more, he'll come in and by stuff for pennies on the dollar.
 
2020-05-22 6:47:41 PM  
How much is it killing him that he is number 3?
 
2020-05-22 7:06:22 PM  
He could give every man woman and child in the US $200 and he'd still have 3.29 billion dollars.
 
2020-05-22 10:56:07 PM  

Toxophil: He could give every man woman and child in the US $200 and he'd still have 3.29 billion dollars.


I always wondered what the reaction would be if someone as rich as he was actually left instructions in his will for his money to be evenly distributed to every person in the US.

I guess the first thing that would tie the money up for eternity (except for the lawyers, of course) would be the exact definition of "every person in the US".
 
2020-05-23 12:53:14 AM  

Kellner21: Toxophil: He could give every man woman and child in the US $200 and he'd still have 3.29 billion dollars.

I always wondered what the reaction would be if someone as rich as he was actually left instructions in his will for his money to be evenly distributed to every person in the US.

I guess the first thing that would tie the money up for eternity (except for the lawyers, of course) would be the exact definition of "every person in the US".


That equations leaves out the structure needed to track, disburse and insure that it isn't fraudulently claimed.
 
2020-05-23 10:24:49 AM  

JasonOfOrillia: Well, three investments with a total of six positions that were arrived at, probably, through many more trades.  And the decline in value would be for BRK and not Buffet personally.  Although Buffet would have a large position in BRK.

He's doing OK.


Also, all of this is as of the end of Q1, and 3/31 is a pretty bad day to judge things by.
 
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