Buffett Bet $3.6B on Stocks in Quarter Before Rout

[Parsad]

Bloomberg article on Buffett and Berkshire stock investments.  Cheers!

 

http://www.bloomberg.com/news/2011-08-08/buffett-bet-on-stocks-before-rout-by-spending-most-since-2008.html

[QLEAP]

A "good" market timer, he is not  :P

 

But it sure does work out well for him in the end :)

[Viking]

It will be interesting to see what he/Combs has been buying... my guess is more Mastercard. If correct, they are doing very well.

[Valuebo]

A "good" market timer, he is not  :P

 

 

I don't think he should given that many of the holdings have been trading at lower valuations than summer 2010. And maybe he is buying this very instant.  :)

 

And people said the same thing in 2008 when he went in "too early".  

 

 

They could have bought a bunch of things.

- WFC is down a lot but already a very large size of the portfolio;

- JNJ is still as cheap as last year;

- WMT is even cheaper;

- MA (but I doubt they would have bought a lot of it, not in the order of $1b+ imo);

- ADM;

- ... ?

[rijk]

Munich Re

USG

 

regards

rijk

[xxx1313]

no, not USG. USG has little chance to survive the next recession. it is still losing 15 cents on every dollar of revenue.

[ERICOPOLY]

no, not USG. USG has little chance to survive the next recession. it is still losing 15 cents on every dollar of revenue.

 

He bought NetJets when it was losing money.  I think he'd be happy to buy the rest of USG if it fails.

[jeffmori7]

Exactly what I tought when I saw the current cash position, with the redemption of GS and Swiss Re investments, as well as Ge which will come this fall. So a lot of cash availabe with a perfect timing for Buffet with the market going down. Maybe he will buy more common stock than in March 2009 this time, with more cash to deploy.