I started reading all these positive articles on this guy named Warren Buffett…who I thought was considered the most out-of-it guy on the face of Mother Earth in recent years. What’s going on?
When stock prices “outperform” all anyone can see is positive.
When a stock price underperforms? Negative invades all corners of the mind.
And…these things last for long periods, much longer than they should. Which means the Berkshire board will may, just may, get over-confident while the cult of Saul may get downright depressed. But that’s a good while out in the future so…
On the Calpers proposal, Warren clearly is not acting as a traditional CEO. He is so hands off and has already publicly announced Abel. Warren is clearly the Chairman and allocating capital.
Holding up very nicely? Rather just a Rounding Error.
Now, now, now… Just watch out. You don’t want the entire board turn on you. It will be pretty painful. If you want to speak truth or point to facts, prepared to pay the price.
I also sold a chunk at c350 but what I invested the funds into has since dropped 10% so, swings and roundabouts really. I’ll just hold the rest no matter what.