Here we (may) go with an extended stock price adjustment related to Apple and likely even more energy /OXY. Should be quite a few coming out soon to heavily criticize Buffett’s capital allocation to both. Keeping Apple will likely be damned; buying OXY will be blasted to hell and back.
My guess? In the long run both continue quite well. Energy will suffer in a recession type downturn but the lack of it will come right back when things get better.
But about 1 of 100 think as long term as Warren. When capital flees or when capital is scarce? That’s where he’s looking to go.
We shall see, will take some time.
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Here we (may) go with an extended stock price adjustment related to Apple and likely even more energy /OXY. Should be quite a few coming out soon to heavily criticize Buffett’s capital allocation to both. Keeping Apple will likely be damned; buying OXY will be blasted to hell and back. chompin
Hey Deal, we’ve both been through something similar to this before. Knowing and respecting your investing prowess for all these years, I get the feeling that you’re thinking about putting away your change purse and maybe breaking into that fat wallet you’re sitting on? Am I possibly right?
BTW, could there be an investment tip or two yet remaining in your wallet : )
I’m up to my ears in BRK, but I will continue to slowly add more. I still have my “panic price” bid in mind, just in case. Lordy help me temporarily get to the promise land of overly extreme BRK cheapness one more time before I croak!
Best Regards,
tair