Buffett Protege Dumps BlackRock, Leucadia

[Parsad]

Todd Combs sold off his positions in  BlackRock and Leucadia National.  Cheers!

 

http://www.thestreet.com/_yahoo/story/10921045/1/buffett-protg-dumps-blackrock-leucadia.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

[scorpioncapital]

Why say probably when you can find out exactly? He made a 5% profit on it.

[gfp]

Since he's closing down his fund, he'll be selling all the holdings.  I don't think we can read in to these selling decisions at all.  He has already liquidated over 90% of his fund, last I heard - and likely 100% by now.

[jeffmori7]

Welcome to Omaha, Todd Combs :

 

 

http://money.cnn.com/2010/11/14/news/companies/Todd_Combs_Buffett.fortune/index.htm?source=yahoo_quote

[Grenville]

Welcome to Omaha, Todd Combs :

 

 

http://money.cnn.com/2010/11/14/news/companies/Todd_Combs_Buffett.fortune/index.htm?source=yahoo_quote

 

jeffmori7,

 

Thanks for posting the article. Very nice information about Todd Combs from Carol Loomis!

[Guest Bronco]

I would also think it would be silly if this guy is annointed Investment God and people start basing their investment decisions on moves he makes.

 

If he sold Leucadia, so what?  Maybe he needed the capital for a better investment idea, and thought he could earn 30% on his new investment vs. 28% on Leucadia. 

 

Guess what?  I probably don't have that 30% idea. 

 

You get my point.  I know someone said he is liquidating but in general you need to do your own homework, stand strong, and not play follow the leader.  Unless of course you follow my ideas on this board.