Quarky
Well-known member
And he went to cash in October last year.... even before the virus appeared...justcruzing1;433024 said:It's really simple, with age comes wisdom and experience. the older guys have seen the traps and pitfalls before.
The young guns have only seen one setback in a long time of prosperity, and it recovered reasonably quickly. So they ignore all the older warning signs, keep the blinkers on and talk the talk about V curve recovery etc.
One of the greatest in USA and the world, is Warren Buffet, a very humble older gent. He and his wife still live in their 3 bedroom house on a farm out in the boon docks, no fancy mansions for them they are very down to earth people and give away most of his earnings.
So far he has done very little, sold off 1% of 3 of his holdings in different industries, only because of regulations, he had got above the 10%
The really interesting thing is he is raising cash in big loads, even though he has massive cash reserves.
So it seems he knows that cash is going to be king and the market is/has a long way to fall then he will step in and pick up the pieces when the time is right. He seems to be loading his guns and a cannon. Maybe a major target in sight.
Anyone ever thought of buying either Class A or Class B Berkshire Hathaway shares? Especially in a bear market?