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Markets still falling like whoa


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3 hours ago, Captainant said:

Get ready for when the music stops with TSLA. They are playing some fuck fuck games with their accounting 

So is the FED and other departments.  But I’ve told people for years TSLA will go bankrupt, or bankrupt portfolios.   

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1 hour ago, Mo Horn said:

Obviously I don't know shit, as the markets are up. That's why I pay a financial advisor and stay in my lane. Lol

Lulz. I had the "nailed it" gif locked and loaded for later today.

In related news, GOOGL joins the $2T market cap club, hitting a new all-time high this morning.

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20 hours ago, tbone_ said:


I don’t agree with this oft used argument.

Value is value.

I don't know how to break the news - but nothing only goes up, buy the rumor/sell the news, so up 25% YTD, 113% 1 year, 147% 3 years and you are worried about the negative reaction to an earnings report.
This stuff happens all the time, and eventually to most companies, is your concern that it is more than a blip on the path forward? If so sell some, or buy puts (as a hedge), or sell some OTM calls to generate some premiums from your holdings.

note - my comments are based on interpreting your comments as if they relate to Facebook specifically and not the broader market (like S&P 500); I get that it is easy to get nervous. If you want more safety, you can still get 5%+ on cd's and there is no harm in that. 

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I don't know how to break the news - but nothing only goes up, buy the rumor/sell the news, so up 25% YTD, 113% 1 year, 147% 3 years and you are worried about the negative reaction to an earnings report.
This stuff happens all the time, and eventually to most companies, is your concern that it is more than a blip on the path forward? If so sell some, or buy puts (as a hedge), or sell some OTM calls to generate some premiums from your holdings.

note - my comments are based on interpreting your comments as if they relate to Facebook specifically and not the broader market (like S&P 500); I get that it is easy to get nervous. If you want more safety, you can still get 5%+ on cd's and there is no harm in that. 

I appreciate your post and agree with all of it. But I don’t think your response had anything to do with my post you quoted.

I was just making the point that value is value whether converted to cash or not.
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1 hour ago, Incredulity said:

Well that was an odd day.  What caused the Fed comment rally to collapse?

Was listening to Powell yammer headed to a meeting and didn’t hear anything controversial.  

There was a big ding in healthcare because of Medicare Advantage, CVS was down 17% on the day.  Not sure what kind of impact that had on the overall market.

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27 minutes ago, Wally Fairway said:

I hate this market - just sayin'
I've lost on hedging, all the while watching some of my investments decline.
The system is rigged, because I don't know how to bet against my own investing. 

it's kind of like playing Baccarat. 

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Did you hit the original furniture mart too?

Yes. Had a latte, marveled at the selection and reasonable prices, and got to look through a $7,500 coffee table book of Annie Leibovitz photos.

Even saw the store that Mrs. B set up after selling the mart to Warren for $55MM.

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17 minutes ago, immamac said:

Didn't they just sell their entire apple position?

LOL - great headline reading there. The actual answer is somewhere in those articles that you scanned

 

  • Buffett told shareholders at Berkshire's annual meeting that his view on Apple's business hadn't changed and that the tech giant will likely remain the conglomerate's largest stock holding at the end of 2024.

crowdsourced from Investopedia
fwiw they did sell their entire position in Paramount
full dislosure: I am sitting on my entire cash hoard (somewhat less than $90 billion) and waiting to buy on the dip when Old Uncle Warren kicks it, but that may be almost 10 years if his goal is to live longer than Charlie

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LOL - great headline reading there. The actual answer is somewhere in those articles that you scanned

 
  • Buffett told shareholders at Berkshire's annual meeting that his view on Apple's business hadn't changed and that the tech giant will likely remain the conglomerate's largest stock holding at the end of 2024.
crowdsourced from Investopedia
fwiw they did sell their entire position in Paramount
full dislosure: I am sitting on my entire cash hoard (somewhat less than $90 billion) and waiting to buy on the dip when Old Uncle Warren kicks it, but that may be almost 10 years if his goal is to live longer than Charlie

In the Q&A, when Warren was going into stream of consciousness comment mode, he said “Apple, Coke, American Express. But definitely Apple. And then the camera panned to a smiling Tim Cook.

When asked about global warming and climate change and the insurance business, he commented “we write insurance policies for one year. Insurance is great. They give us money, we give them a piece of paper, and hope nothing happens.”

I think Ajit Jain is a robot. That guy is fascinating.
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I am starting to think that BRK.A/B has the same idea about buying shares when Warren does die. I mean that $190 billion in cash would certainly be available to support buying into the distresssed mark & last I read Warrens' stake in worth under $140 billion. Damn it they are going to front run me on this last of his lifetime event.

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2 hours ago, Mother mopar said:
7 hours ago, Redneck Mutha said:
Been debating getting into B for a couple years but figure once I pull the trigger, Uncle Warren will kick it.

Scared money don't make money.

The best time to invest in BRK was yesterday, it will still be true tomorrow, as it was last week, last year, etc.
Make it easy on yourself, $ cost average in over 6-12 months put 10-20% of the amount you want to invest every month, that way you avoid peaks and valleys relative to putting it in in one or two big chunks. 
Past performance is no guarantee of future results; beware the Wally/Reverse Wally curse

 

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