PhreeZone 20 #1 October 2, 2008 Oh how I wished I owned shares in Berkshire Hathaway Inc... 5 years ago Warren had BH get out of anything that was involved in subprimes. Last year he bought into Norfolk Southern which is up about 40% on that investment. He also upped his stake in BNSF with was up about 40% when he cashed a chunk out, his remaining shares are still up 40%. He warned of rough roads ahead for insurance and banks and that those companies better start stocking up on cash for short term pay outs. Last week he bought $5 billion into Goldman Sachs in a move that pays a 10% dividend on his investment and gives him options worth an additional 5 Billion at 115 a share good for 5 years. Today BH announced a new deal that $3 Billion gets 10% annual dividend from GE investment with options at $25 for the next 5 years. Buffet has nailed every right play for the last 3-4 years in this market As an fyi the shares in BRK.A shares were up 6400 today, BRK.B was only up 170 today. Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
PhreeZone 20 #2 October 2, 2008 If you said you were going to buy multiple shares of BRK.A I was going to ask if you needed a new best friend if you have that type of cash laying around. YTD BRK.b is down about 1%, over the last 2 years its up 24%, over 8 years its up 160%. He has a knack of finding the under valued stocks and leveraging his way into deals that no one else is able to get. Look for them to buy some of the spinoffs of AIG if it breaks up. Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
lawrocket 3 #3 October 2, 2008 Making money off of this economy? For shame!!!! How dare he put the interest of his stockholders above the average Joe?!?!?! He should be eviscerated for this!!!! Making money off of people losing money!!!! For shame!!!!!!!!! How unethical!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! He is a lackey and shill of the health indurance industry!!! His profits should be taxed at 150%!!!!!! Vote "NO" on Palin for President! Workers of all lands, UNITE!!!! Get yor Che Guevara tee-shirts here!!! My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
warpedskydiver 0 #4 October 2, 2008 Che is soooo cliChe Quote Share this post Link to post Share on other sites
lawrocket 3 #5 October 2, 2008 Quote Che is dead. Get over it. Anyone who doesn't pay my $300 per shirt proice is ab unethical, selfish capitalist swinme corporate whore!!! My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
kallend 2,150 #6 October 2, 2008 QuoteMaking money off of this economy? For shame!!!! How dare he put the interest of his stockholders above the average Joe?!?!?! He should be eviscerated for this!!!! Making money off of people losing money!!!! For shame!!!!!!!!! How unethical!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! He is a lackey and shill of the health indurance industry!!! His profits should be taxed at 150%!!!!!! Vote "NO" on Palin for President! Workers of all lands, UNITE!!!! Get yor Che Guevara tee-shirts here!!! Ummm - Buffett is a liberal. Gives a lie to the conservatives' claim that only they know how to run an economy.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
warpedskydiver 0 #7 October 2, 2008 Also points out how untrue it is that liberals claim the conservatives are the wealthy ones. I guess the conservatives are not the only wealthy elitists huh? Quote Share this post Link to post Share on other sites
headoverheels 334 #8 October 2, 2008 QuoteAlso points out how untrue it is that liberals claim the conservatives are the wealthy ones. ??? I know a lot of lower-income, poorly educated conservatives. Most of them are ditto heads. Quote Share this post Link to post Share on other sites
billvon 3,119 #9 October 2, 2008 >Also points out how untrue it is that liberals claim the conservatives > are the wealthy ones. OK, so the liberals are the wealthy ones. By that standard, they should be able to raise taxes on themselves, eh? Would only seem fair. Quote Share this post Link to post Share on other sites
lawrocket 3 #10 October 2, 2008 Quote Quote Making money off of this economy? For shame!!!! How dare he put the interest of his stockholders above the average Joe?!?!?! He should be eviscerated for this!!!! Making money off of people losing money!!!! For shame!!!!!!!!! How unethical!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! He is a lackey and shill of the health indurance industry!!! His profits should be taxed at 150%!!!!!! Vote "NO" on Palin for President! Workers of all lands, UNITE!!!! Get yor Che Guevara tee-shirts here!!! Ummm - Buffett is a liberal. Gives a lie to the conservatives' claim that only they know how to run an economy. Okay. Free pass for him! He's of the correct political leaning.Making money off of the economy? Good for him! My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #11 October 2, 2008 QuoteOh how I wished I owned shares in Berkshire Hathaway Inc... You can buy B-shares for a reasonable amount of money. Quote Share this post Link to post Share on other sites
Erroll 80 #12 October 2, 2008 Quote Making money off of this economy? For shame!!!! How dare he put the interest of his stockholders above the average Joe?!?!?! He should be eviscerated for this!!!! Making money off of people losing money!!!! For shame!!!!!!!!! How unethical!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! He is a lackey and shill of the health indurance industry!!! His profits should be taxed at 150%!!!!!! And his middle name starts with an E. Could it be for Ebrahim? Quote Share this post Link to post Share on other sites
