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is it time to buy Berkshire Hathaway?
Started Sep 15 at 12:52 ET (By Walter)
is buffet going to start picking up bargains leveraging their huge cash stockpile?
Berkshire could pickup AIG which is synergistic to Gaico for a really low price and turn it back into a good asset. could find other goodies.
what do you think?
on the risky side, AIG? (maybe not)
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
Top 97%
ramigabai
Sep 15 at 1:24 ET
I guess you mean BRK.B ("only" $4,077 today) - it's 2% up..
It performs just as the index YTD -13%.. more or less like the S&P... better buy an ETF tracking the index
Top 1%
ROLEX18K
Sep 15 at 1:37 ET
I wanted to sell on MG Berkshire Hathway last week but MG doesn't allow shorts,so I opted for short indexes ETF's.I think it's cool to short Warren,probably his time has come.Even great firms go down in price,it doesn't mean firm is no good,it's all about timing.BRK.B is one of the best global companies in one of the worst times,it means as Warren said:If you want fast buck,sell BRK.B as money will be made in the next 20 years.
Simple but good answer.I think some ETF's must maka Ultra Short Warren B shares,it sounds sexy,I think many people would like to bet against Buffett.
Top 84%
stideas
Sep 15 at 1:40 ET
Yeah, let's chip in some money from each and everyone on marketguru.... ha
sti,
http://stock-trading-ideas.com
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Whirled_Peas
Sep 15 at 1:54 ET
In the mean time....
"Gov. David A. Paterson of New York said on Monday that the state would allow the American International Group (AIG), a big insurance company, to lend itself $20 billion to bolster its capital as it faces potentially disastrous credit downgrades....."
Read the rest at -- http://www.nytimes.com/2008/09/15/business/15aig.html
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stideas
Sep 15 at 2:17 ET
That's the funniest news I have heard in a while...
Wonder, if I could lend money to myself to bail myself out of financial crisis.
sti,
http://stock-trading-ideas.com
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gjervis
Sep 15 at 2:20 ET
i doubt Buffett can explain AIG in 2 minutes, so i doubt he would buy it.
Top 84%
stideas
Sep 15 at 2:32 ET
Forget Buffet, if Einstein would have been alive, even he couldn't understand the kind of toxic waste these investment banks are holding...
sti,
http://stock-trading-ideas.com
Top 1%
guliamo
Sep 16 at 11:01 ET
I would say Buffet is a pretty good bet, Walter. The guy made it through the crises of 2001 and he's probably best for surviving these challenging times.
My only concern is the dudes health and age..
Top 4%
Walter
Sep 16 at 3:57 ET
you always have the other old geezer ... (sorry Charlie) :)
so far today the market seems to like them, but this should be a long term play.