Warren Stuffs It
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- OneTrickPony
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Warren Stuffs It
Oh dear, financial guru Warren ʻukulele common man' Buffet has not only pulled 10% out of American airline companies in their hour of need, but the anti gold anti bitcoin clutz has also just lost 50 billion.
How the mighty banker connected godlike shysters do fall.
Meanwhile, Bitcoin is up again rising 5.4% to
$9,805.00 USD.
https://www.cbsnews.com/news/warren-buf ... t-quarter/
How the mighty banker connected godlike shysters do fall.
Meanwhile, Bitcoin is up again rising 5.4% to
$9,805.00 USD.
https://www.cbsnews.com/news/warren-buf ... t-quarter/
Up the workers!
- spitthedog
- Is the World Outside still there ?
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Bongs,
I think Buffett invests in Airlines like he does in Pharma companies, in that he buys a basket of them so he's always protected to a certain degree.
Nobody could have foreseen Corona coming.
Seing as he's a long term investor, i would think that the big U.S airlines of American Airlines, Delta, and United, have the monopoly on the domestic market over the long term, and high barriers to entry given how established and entrenched the 3 are.
I think Buffett invests in Airlines like he does in Pharma companies, in that he buys a basket of them so he's always protected to a certain degree.
Nobody could have foreseen Corona coming.
Seing as he's a long term investor, i would think that the big U.S airlines of American Airlines, Delta, and United, have the monopoly on the domestic market over the long term, and high barriers to entry given how established and entrenched the 3 are.
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
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- Where Did All the People Go?
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Buffet is fine.
He's also 89. That's like asking an 89 year old in 1980 to invest in Apple. He's going to die soon, he doesn't understand or care to understand crypto.
As for cutting the airlines - good move; corona wasn't a foreseeable thing until maybe 8/9 months ago when the first murmurs would have come through at business and local government levels and before it became the "pandemic of panic" we have today.
He's also 89. That's like asking an 89 year old in 1980 to invest in Apple. He's going to die soon, he doesn't understand or care to understand crypto.
As for cutting the airlines - good move; corona wasn't a foreseeable thing until maybe 8/9 months ago when the first murmurs would have come through at business and local government levels and before it became the "pandemic of panic" we have today.
- Hanno
- I am a Special Snowflake !!?!
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Well KFF, I think there is no need to be gloating, he still sits on 137 billion Dollars in cash. He won't join the unemployment queue anytime soon.
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"I realized that If I had to choose, I would rather have birds than airplanes."
Charles Lindbergh
Charles Lindbergh
Getting out before the real financial fire happens..
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
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- OneTrickPony
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He'll need all that lot to buy the wheelbarrows to take to it to the bakers to buy a loaf of bread in about three months time.
Up the workers!
- springrain
- I'm on 3000; na na, na na na
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He knew because he knew. I don't begrudge the guy at all.
Isn't it quite clever to know that airlines are going to go down?
But (a note of cynicism). I doubt whether his 'knowledge' was without prior indication.
One must look into how John. D. Rockefeller reacted just before the 'Wall Street Crash'.
One should look into that very carefully.
Isn't it quite clever to know that airlines are going to go down?
But (a note of cynicism). I doubt whether his 'knowledge' was without prior indication.
One must look into how John. D. Rockefeller reacted just before the 'Wall Street Crash'.
One should look into that very carefully.
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
- Hanno
- I am a Special Snowflake !!?!
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Ah yes, Corona an invention by Warren Buffett.......springrain wrote: ↑Fri May 08, 2020 6:46 pmHe knew because he knew. I don't begrudge the guy at all.
Isn't it quite clever to know that airlines are going to go down?
But (a note of cynicism). I doubt whether his 'knowledge' was without prior indication.
One must look into how John. D. Rockefeller reacted just before the 'Wall Street Crash'.
One should look into that very carefully.
"I realized that If I had to choose, I would rather have birds than airplanes."
Charles Lindbergh
Charles Lindbergh
No Hanno. By his pal Bill Gates, who told his friends and left springrain in the dark on purpose.Hanno wrote: ↑Sat May 09, 2020 12:00 amAh yes, Corona an invention by Warren Buffett.......springrain wrote: ↑Fri May 08, 2020 6:46 pmHe knew because he knew. I don't begrudge the guy at all.
Isn't it quite clever to know that airlines are going to go down?
But (a note of cynicism). I doubt whether his 'knowledge' was without prior indication.
One must look into how John. D. Rockefeller reacted just before the 'Wall Street Crash'.
One should look into that very carefully.
When he was forced to split up his company by the government?springrain wrote: ↑Fri May 08, 2020 6:46 pmHe knew because he knew. I don't begrudge the guy at all.
Isn't it quite clever to know that airlines are going to go down?
But (a note of cynicism). I doubt whether his 'knowledge' was without prior indication.
One must look into how John. D. Rockefeller reacted just before the 'Wall Street Crash'.
One should look into that very carefully.
None but ourselves can free our mind.
Forget Peak Oil, we've already hit Peak Buffet.
Two posters have mentioned that the Corona virus wasn't a foreseeable thing, even for people like Buffet who has connections with the boys in the privately owned and run Federal (that's a fucking joke) Reserve Bank. Insider trading much?. Anyhow, scientists have been warning governments about an impending pandemic for years. As per usual, nothing was done to prepare for it. They didn't even run a double blind study on hydroxychloroquine when they discovered the prophylactic benefits of it on SARS original in vitro back in 2005.
Also, don't forget Buffet was the one going around telling everyone to buy their own stocks with the QE money they were recieving.
Two posters have mentioned that the Corona virus wasn't a foreseeable thing, even for people like Buffet who has connections with the boys in the privately owned and run Federal (that's a fucking joke) Reserve Bank. Insider trading much?. Anyhow, scientists have been warning governments about an impending pandemic for years. As per usual, nothing was done to prepare for it. They didn't even run a double blind study on hydroxychloroquine when they discovered the prophylactic benefits of it on SARS original in vitro back in 2005.
Also, don't forget Buffet was the one going around telling everyone to buy their own stocks with the QE money they were recieving.
- spitthedog
- Is the World Outside still there ?
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I'm guessing airline stocks were a bet on cheap financing to buy planes, and cheap debt in general. More and more people were flying.
Business was great because of the debt.
I just wish i knew this in March 2008.
It's not about the economy, it's about cheap money. Duh.
Buffett must be rubbing his hands soon. Blood on the streets. He loves that.
Business was great because of the debt.
I just wish i knew this in March 2008.
It's not about the economy, it's about cheap money. Duh.
Buffett must be rubbing his hands soon. Blood on the streets. He loves that.
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
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- OneTrickPony
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For every one dollar you put in the bank, the bank lends nine on it. That money ends up as debt.
The top 1% making all the money through taking risks. Risks that the people all pay for while they get bailed out. There's a terrible amount of hyper inflation already going on. Did you know the top 1% are being hit hard? Poor bastards. Someone recently had to pay 85 million for a painting!
The way things are going the 1% will own all primary and secondary wealth. Are you going to let them do it?
The top 1% making all the money through taking risks. Risks that the people all pay for while they get bailed out. There's a terrible amount of hyper inflation already going on. Did you know the top 1% are being hit hard? Poor bastards. Someone recently had to pay 85 million for a painting!
The way things are going the 1% will own all primary and secondary wealth. Are you going to let them do it?
Up the workers!