He's sitting on over a hundred billion in cash, which suggests he doesn't see many opportunities.
Type: Posts; User: bitt3n
He's sitting on over a hundred billion in cash, which suggests he doesn't see many opportunities.
Nobody knows anything for certain. Yet for virtually any company, at some point if the stock goes low enough, it's worth the price. To me, that price is surprisingly low. Others here appear to be...
And I find it surprising that he doesn't think airline stocks will be higher next year/next decade.
Then again that's probably why I'm not running Berkshire.
what other meaning can there be to "be greedy when others are fearful" than to focus on buying opportunities when the market is in the tank?
The stocks are already in bad shape, and yet he appears to believe they're still overpriced (though I'm not sure exactly what the price was when he sold). His familiar mantra is be greedy when others...
what is surprising to me is that he appears to have sold into such a weak market