Not interested in shorting this stock. there are many better choices. But this one is the reign of a bull market king. So the purpose is to show how BEAR can toy with a bull market icon with such ease and verve and nail it to a cross Next station for a respite for Warren is $247/share Anybody can be a genius in a bull market. In a BEAR of this magnitude they all get flushed out and look mighty stupid to me. Worst thing is I like warren a whole lot. He's a good man.
YTD SPY down 9.9%; BRK.B down 0.6% For past 2 years (since start of pandemic), SPY up 26%, BRK.B up 43% Looks to me like Buffett is still on his game.
Of course he will but that's not what I am worried about. You see, his wife gives him exact change for the sausage and egg sandwich at McDonald's on his way to work each morning. He does not eat anything till much later for lunch. I am worried if B-shares crash, he might cut out the sausage out of the sausage and egg sandwich just to drop the price to $3:01
Wave 3 that has just started will knock Warren to his knees. See the News here in this thread before Becky Quick calls on Warren for the next interview to explain how come his fall from grace. Poor Warren. Here is an interesting tidbit about Warren ................. ET loves him and so they should but they never follow his golden rule. In fact even in this bear rally from June 16 to august 17 they violated Warren every which way. Biggest offender is Overnight. So what is Warren's golden rule that only yours truly seems to live by + TA? When there's blood in the streets, buy but when there is so much euphoria and tlak of new bull markets and whatnot, SEL, SEL, SELL ET violates this at every major turn. At major tops they keep buying and go mad with x-stacy and glee when they should be doing the opposite and buggering off with their loot to a bear cave to enjoy their spoils. At bear market bottoms ET is nowhere to be found, they are at home scratching their asses watching TV and cussing out the trading racket. Their current leader, Overnight needs to be sent to Heaven to meet Jim Morrison to get a load of the song, "When the music's over, cancel my subscription to the resurrection, send my credentials to the House of Detention"
Buffett hereby reminds himself about the stakes of the economy and how the market influences him and millions of others who determine their meals based on their economic prosperity https://thesocialman.com/warren-buffett-breakfast/
Warren, Warren, Warren only one Man can save your ass and stop the masses of B-share holders from turning againt you and minimizing your accomplishments. this is what THEY do when the BEAR takes over. The negative social mood will destroy you. Cash it al in Warren and bugger off to a beach of your choice, buy the damn thing and live happily and quiet. F^&k 'em. Good luck, Warren Your friend always Margin. Don't let this happen to you, Warren. see song below with lyrics. If you ever can't find HOME again, call me, I'll come get you to safety.
It appears so as Elon has adequately stated. But the environment has been a bull market all the way from year 1720 up to August 2022 whith minor hiccups for Warren along the way that he rode to the bottom and then bought and came out OK. Not this time. Both will gladly bugger off to the beach during the 3rd of 3rd wave. I expect both to make major changes around march 2023+ Guiding light will be, "I don't need this sh*t no more!"