A scalper will say: They are buying/selling now? Nah, these daytraders don't know what they're doing. A daytrader will say: They are buying/selling now? Nah, these swing-traders don't know what they're doing. A swing-trader will say: They are buying/selling now? Nah, these hedge funds don't know what they're doing. A hedge fund manager will say: They are buying/selling now? Nah, these mutual funds don't know what they're doing. A mutual fund administrator will say: They are buying/selling now? Nah, Warren Buffett and Berkshire Hathaway -who buy and hold- don't know they're doing. So a scalper/daytrader/swing-trader might think that Warren Buffett is clueless, because he is buying shares that are plunging. Of course W.B. knows his business, he just got a bigger time frame and don't minds the small and temporary plunge.
99% of all these gurus including buffet are overrated. So is stockpickr and trader tim. The best gurus have nothing to sell you.
this is actually the 2nd time prick trd3r called wb out. He HAS YET TO SELL ANYTHING!!!! I SHIT YOU NOT!!!
Warren Buuufeeeettt made a lot of his investment based wealth buying bluechips in the early 80's .Stuff like coke cola and gillete. A blindfolded chip could have made money buying stocks in the early 80's provided the chip held for 20 years. Nowadays the markets have stabalised and the while we're still in a bull a bull market it isn't anything like the 90's. Buffet's recent track record is pretty poor and a lot of his picks have under performed the market. Sure he made money in the 80's and 90's but it's not as if that required exceptional skill given it was extremely bullish market.
The only one who deserves to be called a putz around here is michael scott; the mentally impaired, paranoid nutcase who pretended to short google and rimm and ma months ago .
That's not true. Most of his gains (percentage wise) stem from the period he ran a hedge fund (his limited partnership) in the 50s and 60s. It was specializing on deep value and arbitrage situations. Get your facts straight.
if you read his bio most of the wealth he made in the 60's, 70's, and 80's was through aquiring large stakes in companies http://beginnersinvest.about.com/cs/warrenbuffett/a/aawarrenbio_5.htm Recently his investment vehicle (birkshire) has underperformed the market. He missed on google and apple for example. http://marketplace.publicradio.org/shows/2006/05/05/PM200605054.html The point is, presently buffet missed out on stocks like google, apple, or even exxon which proves that he isn't in tune with the market.