/biz/ - Business & Finance

>>19628493
Buffet has underperformed the S&P500 for the last decade. He's a washed up has been. The only reason to still listen to him is to get good inverse plays.

buffet was always a pied piper
20% average per year is unimaginably poor returns

>>19628493
Yup, started 1.5 months Ago. No options. Took a little dip today. Just bought more. In oil and energy.

>>19628627

It's a gaslighting article. Even other hedge fund managers are mocking Buffett. The guy got rich young because daddy was a congressman.

>>19628493
>>19628505
>>19628575
>>19628627
>>19628642

And i just opened a short

Looking forward to the inevitable crash

>>19628719
Crash happened. Trump saved the economy. We now at V shaped recovery.

>>19628493
>The guy has lost touch and too much of a boomer in this market. It's time for Millenial traders to rise up and claim all this wealth.
No. You're just too stupid in failing to recognize that 2020 is the start of Atlas Shrugged. I'm a millennial and hate my generation because it's filled with retards, which you have so eloquently proven.

>>19628846

>>19628493
Nice. How many billions of dollars have you made so far trading?

>>19628575
20% is a bad return if you're playing with 50k or 100k

He is playing with billions and 20% return a year is more than you'll ever earn in your life.

I don't get this kind of arrogance towards a top 10 billionaire

>>19628846
We'll fuckin see about that won't we

>>19628493
When you have as much money as that guy any moves you make move the market. He is playing conservative and fundamentals oriented to try and guard his wealth the best way he can. He can’t just put a 10 billion yolo on some bioshit company

senile old fart has lost touched

>>19628493
What youre doing is gambling. Not investing. Herts is going bankrupt and went up yesterday by like idk, 90% or some shit which was irrational (it dumped today).

Nothing but speculation and hoping you catch the fed's pumps. He isnt a trader. He never was. He invests.

>>19628846
Lol at thinking we'll have a v shaped economy as if all it will take is the end of corona. This shit is fucked

>>19628895
This

>>19628493
I'm 6x on FUND and about to go 60x.

Unification is the key. FUND solves the being poor problem.

>>19628684
Yep. The most obvious sell signal in history.

>>19629249
Especially since alot of dumbass normies here are extremely bullish despite the obvious bubble. I cant wait to see the pink wojacks and a spike in suicides once this pops. Some people know this and are playing with shit amounts anyways while getting lucky. Others are going hard in and they are going to get their asses reamed

>>19629249
>>19629275
u guys are the sentiment in this thread, be greedy when other are fearful

>>19629295
Lmao wtf are you talking a out? The majority here ARE greedy, NOT fearful.

>>19628642
>>19628627
>>19628575
>>19628493

lamo, idiots claiming to be profitable trader when they only traded a bull run
remind me of all these mongoloid who claimed to be good traders during the crypto bull run in 2017 then got absolutely destroyed in 2018

>>19629308
THIIIIS
People are making money out of a bullrun (who knows when it will get fucked) and think they are geniuses.

>>19628493
he operates with a different magnitude of capital

Continue playing with your pennies.

>>19628627
Hey mind to share some resources where you learned? I'm very able to find good information but I'm curious what you think is good stuff.

that headline is a massive sell signal lmfao

>>19629304
objectively false. On /biz/, MAYBE. Outside /biz/? Absolutely fucking not.

People are scared as shit, that's why YOLO robinhood degenerate gamblers are raking in dough. People with real money are in cash waiting for a crash that may never come.

>>19628493
also this headline is from Reddit superstar David Portnoy who is currently professing that "stocks only go up", yes that's a massive sell signal, but he's an outlier

>>19628493
>the cocky noob corner thread
Ok, do your 5x for over 50 years and then we can talk, fucking ass

>>19628493

>>19629542
>>19629304
oops, just noticed you said "the majority HERE"

carry on

>>19628505
well spy is held up by like 5 tech stocks and Buffet doesnt do tech so it makes sense.

>>19629542
Hahahahahahaha what the FUCK are you talking about? Bunch of normie retards cant even comprehend the fed is an issue. They just see stocks go up and go bullish. Even the fucking news media is bullish, idiot

>>19629576
Sorry to say media is throwing bullish news of a "recovery". Many are also saying once the corona event is over with, there will be a V shaped recovery. Most people are bullish

>>19629616
you're a fucking brainlet and your mind has been warped by 4chan

get off the internet for 1 fucking day, I'm begging you. Talk to a normal fucking person and not a discord tranny. People are still very bearish about the virus and the protests/riots. Go outside you fucking degenerate.

i can already tell there's tons of fags simping for buffett in this thread. hey fags: he will never have lunch with you.

>>19629641
Yes yes that why the news media is fucking bullish. Moron. Youre just coping with the fact your a normie probably all in stocks right now afraid of a massive dump

>>19628493
I traded my position from 3 to 9, I still regret not buying more but I can't afford it, I still got to pay myself

I am watching at gush right now, I hope It blows the fuck up tomorrow

IDK man, seems like a big crash coming

>>19629662

This, Go read comments on business news sites and you would think buffet is going to send these queers a check.

>>19629304
>market sentiment greedy
Are you hiding in the woods? The sentiment here swings from one extreme to the other.

>Monday
>extreme euphoria
>closest logic for it, reopening

>Tuesday
>extreme fear
>closest logic for it, they saw line go down (Why did line go down? You tell me as I don't know)

>>19629720
I really don't know how can the market crash right now, there is literally only one thing that can make it crash

In 10 years time, Warren will be dead. What will his money have bought him? Sex? Luxury? Obedience of others? Ask yourself.. What does he want?

>I just started trading and made 500% in a month!
>This is so easy! I just buy everything!
>Buffet sold? He is just old and dumb.
>I am a genius!

>>19628945
>20% is a bad return if you're playing with 50k or 100k
No, it isn't. 99% of biz will not be able to make consistent 20% return

>>19629920
>Sex? Luxury? Obedience of others?
Yes? Is this a trick question

>>19628936
Indeed. If you don't even have to take into account how your moves will impact the market you're playing on easy mode.

>>19629087
Euphoria is a helluva drug....

>>19629920
He's giving it to charity when he dies.

>>19629160
U talkin bout this dogshit? https://www.coingecko.com/en/coins/fundchains

>>19628967
gotta get his attention somehow

>>19629087
>as if all it will take is the end of corona

In a normal business cycle, some growth sector is revealed to be defective or overbuilt, which causes the economy to contract as people take profits and/or attempt to save their portfolio.

In contrast, the Cantonese Cough n' Sneeze is the definition of an exogenous event. No part of the economy has been revealed to be defective, it's just The Suck for 5-12 months. And since the Shanghai Shivers mostly kills Boomers who are primarily out of the workforce, there isn't even gonna be a skills gap caused by the pandemic. All it will take is money , and Powell's been printing like a fanatic for months. Forget a "V" shaped recovery, this one's gonna look like a square root sign.

>>19628575
20% growth a year over 40 years? What a loser.

>>19630168
((charity))

>>19628493
Time to sell

>>19628493
>mistaking a bull market for brains

>>19629587
This. Anyone who bought the market was buying FANG and TSLA all of which have been on a tear.

>>19629641
People really aren't though. Theres a lot of demand. I work in the restaurant industry and we are booked up through the weekend. Things are opening up again albeit slowly but people are dying to get back to normal.
Right now the only ones who are really fucked are
>Bars / Night clubs
>Arenas / Stadiums / Concert venues
>Restaurants that don't have outdoor seating

Those are all industry types that haven't opened yet and may not until the end.

>>19628493
Buffett is too much of a legend for me to discount him this early on. It's very well possible he knows something we don't but its also very well possible he either fell for the Wu Flu meme or his fundamentals simply don't apply to this blizzaro world market.
I did take his pick on STOR though. Thanks OG

>>19629641
Look at social media, you fucking brainlet! Every normie with some spare cash thinks he’s an investor now. The thots are jumping on the sticks train too.

“You know it's time to sell when shoeshine boys give you stock tips. This bull market is over.”

>>19628493
Please tell me Buffet has been sitting in cash since March, and sold the bottom of the most severe crash in history.

>There are people in this thread that think the worlds oldest and biggest head fund manager, a literal multibillionaire, who has made his fortune in this very market over 60 years is making whimsical decisions based on sharpe ratios and bullshit fundamentals and not an insanely connected network of insiders

LOL the absolute state of /biz/

>>19631795
he sold the bottom in airlines thats for sure
he increased the stake in AAPL tho, and it paid off

>>19628931
> so much sexual energy in one picture

>>19628945

> t. has only known a tech bull run

>>19631819
Nah, I looked it up and as of late March he's been never been in cash by this much.

Fucking turboboomer sold the bottom.

https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs
>the famed investor’s Berkshire Hathaway Inc. was building its massive cash pile to a record $137 billion by the end of March.

>>19631772
>“You know it's time to sell when shoeshine boys give you stock tips."
God I love how /biz/tards base their strategies off cretaceous platitudes like this.
"Sell the news" is another one, probably the most common of all on here.

This shallow intellect is probably why 90% of /biz/ fell for the media's corona panic shilling.

>>19630282
> No part of the economy has been revealed to be defective
All I will say is go watch some max keiser and moneygps vids. Youre in a bubble

>>19628493
I bet we crash 5x harder. Nobody knows what will happen. This is why I'm all in ARPA. MPC is already willed to be a bubble.

>>19631058
More than 40 years I think

>>19631916
Whenever interest rates go back up the market will crash

>>19631899
>tfw shoe shine boy got mad

>>19631899
unironic yikes

>>19631899
Kek, if you don’t think that it’s a bad sign when people who don’t know shit about ANYTHING economy related talk about how bullish they are and how they drop all their money in stocks, then you’re in for a rough awakening. This pattern repeats again and again and yet there are still brainlets like you who keep screaming “This time it’s different”. Sorry to break it to you, but you’re one of the shoeshine boys.

>>19632004
We are in mania phase.. just DCA your shorts and hold them to -30% to 50% desu

>>19628493
>Experts are warning of bad times ahead
>Professional traders are selling and stockpiling cash
>retail trader that probably started 3 months ago thinks he knows better.

>>19633370
Retail investor will still hold once it goes down, not taking any profits, only to sell absolute bottom

Sage

For him the opportunity cost of buying now and not being able to lock in some devastating deal for a company about to go belly up (his long time strategy) outweighs the possible gains to be had in the short term
Or he has inside info and knows something that we don't (his other long time strategy)
It's too soon to discount Warren "the king of boomers" buffet just yet

>People here are the same people who go around saying these bullshit and never make money
https://www.youtube.com/watch?v=0akBdQa55b4
>2014
>"b-buut market is too high!
>Took 6 years for the market to crash but was still above that mark by 40% in it's dippiest dip and it recovered within a month
Stay poor bitches.

>>19628575
Poorfag retard like you shouldn't sit on high horses

>all these panicing bulls coping ITT
>NOOOOOO MY TWELVE YEAR BULLRUNERINO CANT END!!!!!
>THOTS INVESTING IS BULLISH!!!!!
this shit is gold