Buffet has been buying. This sort of thing gives cover to other long term investors and confidence to everyone but the shorts.
WSJ:
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Mr. Buffett’s Berkshire Hathaway Inc. BRK.B 0.75% has used the slump as an opportunity to increase spending on stocks, deploying tens of billions of dollars the past couple of months after ending 2021 with a near-record cash pile.
The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 8.21% last week, according to a regulatory filing. The move likely makes Occidental, in which Berkshire began buying shares in late February, one of its 10 biggest holdings.
In the past few months, Berkshire has also boosted its stake in Chevron Corp. CVX 1.92% , placed a merger-arbitrage bet on Activision Blizzard Inc. ATVI 0.47% , bought an 11% stake in HP Inc. HPQ 2.62% and continued adding to its position in Apple Inc., its biggest stockholding.
Remember Buffet's pledge to give away at least 1/2 his fortune?
Buffet has been buying. This sort of thing gives cover to other long term investors and confidence to everyone but the shorts.
WSJ:
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Mr. Buffett’s Berkshire Hathaway Inc. BRK.B 0.75% has used the slump as an opportunity to increase spending on stocks, deploying tens of billions of dollars the past couple of months after ending 2021 with a near-record cash pile.
The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 8.21% last week, according to a regulatory filing. The move likely makes Occidental, in which Berkshire began buying shares in late February, one of its 10 biggest holdings.
In the past few months, Berkshire has also boosted its stake in Chevron Corp. CVX 1.92% , placed a merger-arbitrage bet on Activision Blizzard Inc. ATVI 0.47% , bought an 11% stake in HP Inc. HPQ 2.62% and continued adding to its position in Apple Inc., its biggest stockholding.
Remember Buffet's pledge to give away at least 1/2 his fortune?
I just want you to know that nothing you say has any credibility at all. And I do mean absolutely nothing you say, at all. If you told me the sun was going to come up tomorrow then I would get a second opinion.
I just want you to know that nothing you say has any credibility at all. And I do mean absolutely nothing you say, at all. If you told me the sun was going to come up tomorrow then I would get a second opinion.
Buffet is not over 90?
He did not make this pledge?
You need someone to tell you the sun comes up in the morning?
I just want you to know that nothing you say has any credibility at all. And I do mean absolutely nothing you say, at all. If you told me the sun was going to come up tomorrow then I would get a second opinion.
Buffet is not over 90?
He did not make this pledge?
You need someone to tell you the sun comes up in the morning?
Often asked: How Much Money Has Warren Buffett Given To Charity?
Buffett’s note announced that he had donated $4.1 billion worth of his Berkshire Hathaway shares to five charitable foundations as part of his effort to give away 99% of his wealth by the end of his life, bringing his total donation tally to $41 billion.
Buffett has committed to giving away almost all of his wealth by the time he dies. Buffett turned 90 on August 30 th.
I just want you to know that nothing you say has any credibility at all. And I do mean absolutely nothing you say, at all. If you told me the sun was going to come up tomorrow then I would get a second opinion.
Buffet is not over 90?
He did not make this pledge?
You need someone to tell you the sun comes up in the morning?
Weird how that doesn't change a single thing I said.
LOL no it’s not. It’s down more than 50% since its inception, and is now—as usual—hovering around its all-time low.
Crap fund, needs to buy back shares in an effort to reduce the discount that applies since, rightly, nobody wants a highly-levered closed-ended fund with seriously negative EPS LOL
LOL no it’s not. It’s down more than 50% since its inception, and is now—as usual—hovering around its all-time low.
Crap fund, needs to buy back shares in an effort to reduce the discount that applies since, rightly, nobody wants a highly-levered closed-ended fund with seriously negative EPS LOL
just to correct this troll, the fund has a total return of around +5%/year, from its inception in 2003.
Dude seems to be very confused on closed end funds in general and Igy's strategies in particular.
Levered closed end funds are not my cup of tea, but they can be good investments when you buy them at a big discount to NAV. Which Igy may have done.
In fact, that's ALL some people do. Wait until a closed end fund is trading at a discount to NAV and then buy. Then sell when they get back close to NAV. It's an interesting way to trade that has some appeal.
LOL I forgot to add, in a market segment that, rightly, isn’t viewed favorably LOL
LOL also, by your laughable standards, NDQ is beating HSGFX LOL
You really suck at this.
You’re so ignorant about markets that you don’t even realize that mutual funds are priced two hours after close. So the HSGFX quote is from Friday. Besides that fund is up double digits in 2022.
LOL no it’s not. It’s down more than 50% since its inception, and is now—as usual—hovering around its all-time low.
Crap fund, needs to buy back shares in an effort to reduce the discount that applies since, rightly, nobody wants a highly-levered closed-ended fund with seriously negative EPS LOL
just to correct this troll, the fund has a total return of around +5%/year, from its inception in 2003.
Dude seems to be very confused on closed end funds in general and Igy's strategies in particular.
Levered closed end funds are not my cup of tea, but they can be good investments when you buy them at a big discount to NAV. Which Igy may have done.
In fact, that's ALL some people do. Wait until a closed end fund is trading at a discount to NAV and then buy. Then sell when they get back close to NAV. It's an interesting way to trade that has some appeal.
Thanks agip. In regards to EMD I continue to accumulate, which I started 3/1. I am down 4%; I would estimate that is much better than the market over that time period. I will also continue to reinvest the dividends while the discount to NAV is wide.
LOL no it’s not. It’s down more than 50% since its inception, and is now—as usual—hovering around its all-time low.
Crap fund, needs to buy back shares in an effort to reduce the discount that applies since, rightly, nobody wants a highly-levered closed-ended fund with seriously negative EPS LOL
just to correct this troll, the fund has a total return of around +5%/year, from its inception in 2003.
Dude seems to be very confused on closed end funds in general and Igy's strategies in particular.
Levered closed end funds are not my cup of tea, but they can be good investments when you buy them at a big discount to NAV. Which Igy may have done.
In fact, that's ALL some people do. Wait until a closed end fund is trading at a discount to NAV and then buy. Then sell when they get back close to NAV. It's an interesting way to trade that has some appeal.
LOL where did I mention total return? Nowhere. It’s market price has gone nowhere but down, and that is a fact, as is everything else I said about it. It has gone nowhere since Igy bought it, because it sucks, for many reasons. You aren’t buying it because you know it’s a levered negative eps failure in a dead segment, that has now reached the end of its rope and resorted to buybacks LOL
LOL I forgot to add, in a market segment that, rightly, isn’t viewed favorably LOL
LOL also, by your laughable standards, NDQ is beating HSGFX LOL
You really suck at this.
You’re so ignorant about markets that you don’t even realize that mutual funds are priced two hours after close. So the HSGFX quote is from Friday. Besides that fund is up double digits in 2022.
LOL and you’re so arrogant and self-referential that you don’t even realize that I was talking about Friday’s performance, the latest available data for comparison LOL
Again, you really suck at this, but keep going, for all to see. And keep failing to answer the question. That goes for agip and retired too. With negative eps, from where will future returns come? From nowhere organic is the answer, which is why they have for the first time resorted to buybacks, which are in this case nothing more than a deception. Nobody else other than Igy will buy their fund, so they have to do it themselves—probably with borrowed money LOL
