wescobrk
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Posts posted by wescobrk
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Maybe if we get another 50 percent draw down like in 73-74 Berkshire could get it for under 100 bill, but at that point it would be up to Greg if he wanted to test a future government as Buffett has only a few years left, unfortunately.
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At 122 billion Buffett could still afford it, but I doubt the government would allow it, guess this one falls under the errors of omission column if Buffett were to be asked this question.
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Random question, but could Berkshire buy Progressive or would the government try and block it?
seems a logical acquisition as Buffett has long admired progressive and it has been outperforming Geico for a long time.
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I was wrong about another ATM. Doubt we will see one while Keith has virtually all of his net worth in the common.
probably range bound from 20-30 for the foreseeable future.
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Definitely not dire taking 53k into 268 milllon!
in four years!
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He will probably hold for another run up but if he has 100 percent in Gme then he can’t buy more if there is a big drop, well he does have six million but that is low,single digit percentage of his liquid net worth.
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I’m reading he exercised another 4 million shares so now he owns 9.1 million shares!
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13 minutes ago, gfp said:
Everything is in one account at E-trade. He can trade long options positions in the account even if it was an IRA. There is a cash balance, not on margin.
Understood, snapshot looks like one account.
seems like crazy risk to buy all of those options in an Ira but he obviously has huge risk tolerance so he will have to wait 21 years to collect on this account unless he does a 72t, if it is an Ira.
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I don’t know but I would assume it is taxable at least for his options account so the government would share in his losses.
it wouldn’t surprise me if his shares are in an Ira as I do believe he is a sharp guy, but I have no proof and just speculating.
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@ValueArb you could definitely be right, I see your logic, how does cohen know if he has to wait 3 years to turn on turn money printing machine again?
Maybe roaring kitty has a taste of becoming a billionaire and he will be back before year end and cohen doesn’t want to kill the goose that is laying the golden eggs.
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I wouldn’t be surprised if it stays in the mid 20’s to see 20-40 million ATM within the next five days.
we will see if Keith keeps posting tomorrow.
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That has to be him.
Cohen has to be thrilled if this thing holds in the mid 20’s and kitty is out.
tomorrow will definitely be interesting.
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Valuearb, that makes sense except ( see another scenario that if roaring kitty disappears for another 3 years (or forever since he is worth over half a bil) I could see cohen doing another ATM but at a lower share count.
if I were him that is what I would do.
we will see.
did you see that quote from citron? ‘An jnsult to capital markets”
give me a break, you shorted for a measly few days and lost money so quit your bitching snd take it like a man, roaring kitty kicked your ass 3x.
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48 million shares traded in less than an hour.
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Entertainment value only for me, I would have probably sold everything when I had 10 million which is the reason I’ll never exceed that figure.
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We will see if Ryan does another ATM since it is above 30, if so, maybe another retrace to 22.
i thought we would see this happen, tomorrow will be interesting!
im hoping for another retrace into the mid 20s
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Complete random comment but no one has broken his track record at high school since 2009.
Sometimes non fiction is more entertaining than fiction.
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Even if it takes two years for the next setup like this he could come back and make a few billion.
maybe Netflix will make dumb money part 2. Ha.
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Yes, but the stock is at 28, I’m guessing he made close to half a billion since April!
this is a guy that lived in a rental house four years ago and had 53k!
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Valuearb, thanks for the post, what is a realistic short a percentage of the current float?
last time I checked yahoo finance it showed 29 percent but that doesn’t sound accurate as you argue in your post.
so maybe range bound in the 20’s is possible for several weeks as you indicate long and short could be frustrated?
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14 hours ago, ValueArb said:
Ok, my math was off a bit from an incorrect assumption. I thought the May 17 offering announcement was after hours, but it was before, so the actual percentage of shares sold over the 6 days was around 14%. And also the closing price the day before was $27, so it did seem to have a strong effect on the price over those 6 days (ending at $19).
When do you think the company willbe finished with the 75 million shares?
Maybe Monday, June 17th?
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If he ever does another livestream he will need to do some analysis like his posts from 3 years ago.
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Makes sense, buy a ton of options then announce his return.
same as Ackman did a few years ago as someone pointed out.
for the people that hate him I hope they also hate ackman and all the other managers that do the same.
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I don’t know how much his wife makes but I’ve read his wife works for Goldman.
valid points though as I also read he paid over 7 million for a mansion.
maybe he bought call options on nvidia or something else?
crypto could definitely also be a factor.
he must have some very loyal friends as I’m surprised there haven’t been any quotes from people close to him about anything really over the past 3 years.
Berkshire Hathaway - Insurance Operations
in Berkshire Hathaway
Posted
Thanks for posting that sheds light why he didn’t buy them but still not sure why he never bought the stock (or maybe he did and I’m not aware).
I know his comments about Walmart and google that he just missed them due to price wasn’t low enough for the former and missed it on the latter but he has to know progressive better than anyone else in the world so really odd he missed buying the common for decades especially after 2008 and in 2020 during large corrections.
oh well, can’t win them all.