Buffet believes this is a bull trap

[Anonymous No.18550144]

read this:
https://finance.yahoo.com/news/charlie-munger-says-berkshire-playing-215642323.html

Keep the following things in mind when reading this:
> If people get anxious and dont feel safe with their money in berkshire hathaway, they will pull their money out

> Saying the stock market is gonna go down is saying their customers are gonna lose money (temporarily) hence people would pull their money out of their fund.

> people know that if berkshire would buy now, that would mean the bottom is hit.

Berkshire hathaway always bought during stock market crashes. Is it really gonna bedifferent his time? Or are they just making sure people dont pull money out of berkshire?

[Anonymous No.18550169]

>buffet said stock was strong but secretly hoarding cash, he also dont like gold but have a sizable amount.
idk about this guy but i think the bottom is in

[Anonymous No.18550175]

>>18550144
after this huge of a run up the fall will be worse than already suffered. buffet is right he wouldn't disclose this information before he secured his position.

[Anonymous No.18550247]

>>18550144
Anyone with half a brain knows it's a bull trap.
The redditors thinking "it's just a dip bro" are going to get so rekt.

[Anonymous No.18550251]

buffet is a shark.

[Anonymous No.18550305]

>>18550247
This bulltrap is lasting quite a while now. Do you expect it to rise even more?

[Anonymous No.18550313]

>>18550305
>quite a while
It hasn't even been a month, you ADHD afflicted zoomer.

[Anonymous No.18550503]

of course it is. grocery stores are limiting capacity 70% more now with heavy police presence. there are almost no goods left. supply chains have completely broken. civilization has fucking collapsed. you'll see in two weeks. it's over. get as far away from cities as you can. our leadership has failed us. there won't be an announcement. people will just start getting killed in a few weeks and no police will come. the trucks will have stopped coming. then you'll know I was right. screencap this. if you're a USA citizen you're a write off now. collateral damage.

[Anonymous No.18550532]

>>18550305
>>18550305
bull traps can last months, look at the history of the dow.

[Anonymous No.18550559]

>>18550305

[Anonymous No.18550567]

>>18550503
and if it doesn't? Someone should develop a time based site where schizos like you can bet your crypto against others. You'll get rewarded if you're right, but the best part is that, you probably won't and we'll make bank with your coins.

[Anonymous No.18550581]

>>18550567
I get why you'd say that because you're afraid and because if I'm right 95% of people will be dead within 3 months in the USA so it's not like you get to brag as much because there is nobody around. You'll see though. Just keep flattening the curve and taking it up the ass until someone comes and puts a bullet in your head if that's your thing I guess.

[Anonymous No.18550583]

>>18550247
i sold all stock on friday except for 2 positions which i am currently down on.

[Anonymous No.18550585]

>>18550503
You're an idiot.
What you're describing would be an existential threat to the elites as much as it would be to the general population. No one wants this to happen. Also, there is plenty of food.

[Anonymous No.18550606]

>>18550581
I don't live in America.

[Anonymous No.18550607]

>>18550503
we arent anywhere near that point you delusional faggot. we are going through an enrichment period where every normie thinks they are on vacation and the politicians are fighting each other to give the most gibbs so they can take credit for it during election year. the real collapse is coming but its a while out

[Anonymous No.18550612]

>>18550606
Kek, well then you'd really be a fucking retard to invest in anything here at the moment. It would be like investing in the Titanic after it had hit the iceberg.

[Anonymous No.18550620]

You know that corona is just getting started. Peak panic will be reached when 30% or more of the population have permanent organ damage and will be out of work. Riots, food shortage, civil unrest

[Anonymous No.18550621]

>>18550585
The elites are all gone. Of course nobody can notice that because ALL events are canceled for the seasonal flu at the moment. What part about written off don't you understand. You dumb fucking manifest destiny gorilla nigger idiot. American soil isn't some magical enchantment circle that the elites need to remain pristine to keep living. They're all gone already.

[Anonymous No.18550625]

>>18550607
have you ever seen how cows look right before they get slaughtered? it's exactly how everyone looks right now.

[Anonymous No.18550649]

>>18550607
also
>he thinks there is going to be an election

just fucking kill yourself now, /biz/ used to have smart people on it

[Anonymous No.18550650]

>>18550144
>Buffet
this idiot owns delta airlines and occidental oil.
he's long past retirement
Berkshire Hathaway is in serious trouble

[Anonymous No.18551084]

>>18550650
You’re such a dummy

[Anonymous No.18551122]

>>18550620
>still believing the corona meme
Turn off cnn, Karen

[Anonymous No.18551159]

>>18550620
>mid sept 2019 repo crisis
>mid march suddenly a manufactured hysteria over the seasonal flu
haha it's not that seasonal liquidity stresses have resulted in an amount of failed repos so big that a bunch of people need to get violently murdered to erase the economic impact. it's definitely the coronavirus the timing is just a coincidence. it's good that only .0001% of the population gives a shit about the repo market or their scam wouldn't work so well

[Anonymous No.18551179]

>>18551159
when the second wave of failed repos his mid september of this year, expect the second wave of coronavirus strong martial law

[Anonymous No.18551214]

>>18550144
Warren Buffett and Charlie Munger are brainlets

[Anonymous No.18551223]

>>18551179
bottom line is right now we are in the same period as between bear stearns and lehman brothers, except this time, capital isn't coming back to the USA, they're going elsewhere. if you live in the USA, look at what things were like in the wake of the collapse of the soviet union for a good comparable. then look outside and go to your local supermarket. sorry it had to end like this.

[Anonymous No.18551454]

>>18550650
He bought 45 million worth of delta at 42 dollars in early March and sold 2 weeks later at 23 dollars

He's literally buy high sell low

[Anonymous No.18551541]

>>18550144
buffett is a fag

[Anonymous No.18551607]

This board amazes me. I have lost and gained so much from listening to you fucking lunatics. Both monetarily and in regards to my sanity. I think I'm finally developing that "trader's instinct" or a type of sixth sense if you will and let me tell you boys my titties are tingling right now. Monday will be turning boys into men that I know.

[Anonymous No.18551608]

>>18551454
So he’s literally /ourguy/?

[Anonymous No.18551642]

It is very obvious this I not going to end well in the short-medium term. The smugness from the retards in the smg was astounding, actually made me bullish on my SQQQ calls. Get fucked sheep

[Anonymous No.18551709]

>>18551607
Perfect flatline guaranteed.

[Anonymous No.18551722]

>>18550144
He's part of the pedophile elite. So he might have inside information

[Anonymous No.18551789]

>>18551454
>>He bought 45 million worth of delta at 42 dollars in early March and sold 2 weeks later at 23 dollars

desu the boomer cunt is so rich that's the equivalent of losing a tenner down the back of the sofa to him.

[Anonymous No.18551810]

>>18551709
Dow grey confirm

[Anonymous No.18551846]

>>18550503
You sound like a screeching panicking infant

[Anonymous No.18551851]

>>18551789
He's allegedly sold so he doesn't have to report trades for 45 days because he now has under 9% of the stock. I didn't fact check that one, but it sounded right to me.

[Anonymous No.18551868]

>>18550581
A string flu with below 0,5 percent mortality simply does not cause the scenario you are painting. Why should even food supply be broken?

[Anonymous No.18551894]

>>18551846
>>18551868
get killed faggot

[Anonymous No.18551909]

>>18550650
The stocks you mention together do not even make up 5 percent of his investments idiot

[Anonymous No.18551912]

>>18551868
it's because the banking system and specifically repo and derivatives markets have collapsed and capital is abandoning the USA, can you even fucking read? seriously just kill yourself now and save yourself the pain you dumb cunt child

[Anonymous No.18551938]

>>18551912
>>18551868
it has nothing to do with a flu the flu is the cover for elites to slip out of the country before 100 million plus die in the coming societal collapse

[Anonymous No.18551939]

>>18550567
>You'll get rewarded if you're right, but the best part is that, you probably won't
>You probably won't
>Probably

The seed is planted.

[Anonymous No.18551952]

I think it's a bull trap but it's already gone back up too much to do anything about it now.

My money is on the sidelines in VMMXX, if the market crashes even further like I think it will, great. If it just continues back to 30k and it was just a dip, my retirement account will be back to normal and it was a missed opportunity but I'll survive

>>18551223

Had to wait an hour and a half just to get inside the grocery store yesterday in NYC. It was a bread line except at the end I still had to pay. I'd rather just have the free bread line. And there wasn't any variety either, it was trader joe's

[Anonymous No.18551957]

>>18550144
It's already different because $10+ trillion dollars dropped from the sky into the banks back pocket to save them from disaster. Buffet "doesn't know what to do" because the government handed him cash and told him to shut the fuck up.

[Anonymous No.18551958]

>>18551607
You developed a traider's instinct from lurking in senseless meme threads put together by thirteen year olds during their breaks from playing fortnite?

[Anonymous No.18551962]

>>18550567
>>18550585
>>18550607
>>18551846
Haha you faggots are getting nervous and are lashing out at someone for telling the truth. You know it to be true on a level you can’t bring yourself to admit because you’re not prepared. We’re a couple weeks away from food riots in the US.

[Anonymous No.18551969]

>>18551894
Well elaborated arguments you full blown retard

[Anonymous No.18551973]

>>18551938
>An actual schizo

Fascinating

[Anonymous No.18551975]

>>18550305
>three weeks
>quite a while

[Anonymous No.18551980]

>>18551952
>living in NYC
Grocery stores out here are packed with food, stopped by a farm on my way to pick up eggs. Your try-hard egos are the reason why this bullshit is taking so long to fall apart.

[Anonymous No.18551996]

>>18551962
That would not even bother me as i'm in Germany. Here quarantines are slowly lifted, curves going down steadily. No need to panic anon, also toilet paper widely available again

[Anonymous No.18551997]

>>18551969
murder suicide your family you fucking subhuman biomass

[Anonymous No.18552009]

>>18551958
Absolutely. The glimpses into the depths of the human psyche cannot be priced in mere dollars. This is a once in a lifetime opportunity to gaze into the very bowels of true schizophrenia as an insider. Dont forget to drink a lot of water anon. It's good for you.

[Anonymous No.18552011]

>>18551969
>>18551997
he is right, go back to r/prepping incel

[Anonymous No.18552024]

>>18551997
An autist paired with a schizophrenic disorder, i find you highly interesting. Tell me more about you?

[Anonymous No.18552054]

>>18550585
>You're an idiot.What you're describing would be an existential threat to the elites as much as it would be to the general population. No one wants this to happen. Also, there is plenty of food.

No he's not and there is a food supply issue however the markets are not effected if 50 or 100 million plebs die. In fact for the markets, that's a good thing as they were mostly economic burdens. There is only so much useful assets and those who own them are still kings. Be a king not a pleb. The problem in 1929 was not that 100 million plebs died, its that they lived and dragged everything else down with them.

[Anonymous No.18552077]

>>18551980

It was packed with food when I got inside, the problem was that it took waiting in a line that looks like the line for space mountain in disney world just to get in there

also, it hit us first and it will be coming to you soon enough

[Anonymous No.18552091]

whatever they tell you just dop the opposite

[Anonymous No.18552108]

>>18552077
Yeah man all these fucking subways are going to spread it real quick out here. Also all the young people working and large social gatherings.

[Anonymous No.18552116]

>>18551980
It might also have something to do with the trillions of dollars of money that was just pumped into the economy.

[Anonymous No.18552126]

>>18552054
Before World War II the world population was about 2.3 billion
about 2% died
1914 about 1.7 billion
about the same died

Consumers and makers matter, worthless consumers that don't pay debts and don't make anything don't matter a fuck to the markets. The stock market does not in anyway correlate to the number of people who feel happy, neither should it. Let's say we have 30million dead a year for a decade. The stock market will go up (in companies that control assets that matter, energy, commodity production weapons, medicines. Its not that there is not a near apocalyptic even incoming for most average income and lower people (particularly the unemployed, neets, retirees, cripples etc etc) its just they never mattered in the first place and are easy to replace.

[Anonymous No.18552137]

>>18550620
Lmao, Coronavirus is just a fucking flu. But that doesn't even matter, because the economy being on an indefinite hold for months is going to lead to a crash that makes the great depression look like a joke. People just don't realize it yet because they still have this notion that as soon as the lockdowns are lifted, their jobs will still be there to go back to.

[Anonymous No.18552152]

>>18550503
This anon has flipped his shit. We're going to look back months from now and be pissed how badly our govts lied to us about this whole thing.

Listen to this.
https://m.youtube.com/watch?v=16J56uBTOBA

Cant remember exact episodes, but 1226-1228 would be a good binge listen for today. Very well researched, informative commentary. No agenda show is great.

People go to hospitals then die of completely unrelated issues, but get listed as corona deaths to jack up numbers because the EU (and US) pays more in aid for corona. Cases are up because testing is up. Just like if you hired a bunch more street cops, traffic tickets would go up. Doesnt mean people started becoming worse drivers overnight. Mortality rates are still relatively flat.

Short term markets might wobble but if you miss this buy in you'll be kicking yourself by the end of the year.

[Anonymous No.18552175]

>>18552126
In fact paying your bills could be a matter of life and death or you get flung onto the streets with the infected. So there you have it. The great sifting, not bad for the markets though, lots of cheap slaves, people scared witless into paying bills or joining the dying horde, assets like oil unimpeded by political garbage like environmentalism (sponsored by china). We may even get a decent war, which would be great for the markets. Yes many many people will die of starvation and disease. There is blood on the streets. I may not like this but hey it was not me it was communists that caused this (they always cause death) but you know, who cared during the 80s boom when millions were starving in eithopia etc. NEETS die, OAPs die, I mean sad and all but they were both bad consumers and producers and the market won't miss them. Should be good profits in wheat and oil and lenders, I mean pay up or you are on the street with the starving/dying is one hell of a motivator.

[Anonymous No.18552213]

>>18552137
>Lmao, Coronavirus is just a fucking flu
O no, its much much more than that, more lethal, no immunity, its more like HIV in terms of effect on you plus it causes cardiac, kidney, liver and neural infection and damage. Its a peach. However it IS important people as stupid as you exist (for now). Anyway, I will still be rich and eventually in time I will forget this and your life/death will be one of millions that will be an 'o yeah...that' to me.

[Anonymous No.18552257]

>>18552152
>'re going to look back months from now and be pissed how badly our govts lied to us about this whole thing.

Maybe but you'll be dead soon after. Anyone worth a fuck already ha stheir stashes of medication and can completely devirus and walk, you however...o well. Into the fire pit someone who thinks its just a flu and needs to pay his debts or he becomes homeless g. Bit difficult to have mass protests or unrest during a highly infectious pandemic. Markets will rise. They have never depended on the happiness of stupid people

[Anonymous No.18552391]

>>18550144
Buffet is r*ddit incarnate. BRK is one of the biggest memes of the last decade

[Anonymous No.18552409]

>>18550650
This. Don't forget Kraft Heinz. They need to put this protoboomer to rest.

[Anonymous No.18552416]

>>18551912
>capital is abandoning the USA

Where is it going, do tell?

[Anonymous No.18552423]

>>18551952
Holy shit you have to go back

[Anonymous No.18552424]

>>18550503
ALL A SMALL PRICE TO PAY TO KEEP GERTRUDE THE 130 YEAR OLD HOOKED UP THE GOLDEN THRONE AND SCARIFIED A 1000 PSYKERS A DAY ALIVE

[Anonymous No.18552466]

>>18550247
I mean, that’s fine. I bought in when it tanked in March, and if tanks again then I’ll buy again. What’s the problem here?

[Anonymous No.18552474]

>>18552257
The pandemic is a sham though. Thats what youre not getting. I know its fun to jerk off about TEOTWAWKI and how this is the big one but shits going back to normal by May 1st. My job is essential as fuck so i've never had to shelter down. I've been all over the U.s. and i'm fine. People know enough to not get all in each other's shit and get sick.

Its a nothingburger. Do what you want, im about to shore up my positions in Verizon, NIO, and a couple AR companies. Maybe some oil stocks. New consoles coming this year, no way that doesnt pay off. Hmm come to think of it Sony is a definite buy PS5 is about to rape gaysexBOX.

[Anonymous No.18552824]

>>18552474
>>18552474
>The pandemic is a sham though. Thats what youre not getting.
>>18552213
>O no, its much much more than that, more lethal, no immunity, its more like HIV in terms of effect on you plus it causes cardiac, kidney, liver and neural infection and damage. Its a peach. However it IS important people as stupid as you exist (for now). Anyway, I will still be rich and eventually in time I will forget this and your life/death will be one of millions that will be an 'o yeah...that' to me.

[Anonymous No.18552838]

>>18552175
I can't wait for a collapse. I'm going to take some boomers house. Then I will be an undocumented home owner. I just don't have the legal documents like a deed. Don't you dare discriminate against undocumented home owners bigot.

[Anonymous No.18552852]

>>18552824
Go be a schizo somewhere else like on /x/ or redd!t, retard.

[Anonymous No.18552970]

>>18550503
>if you're a USA citizen you're a write off now

almost but not quite yet, we are in the second to last act now
at the moment the system has written off the second world dumps that were useless to start with being
africa and ME, but who would recognize the difference they were fucked up to start with
SEA: already going into ironfisted dictator mode, they have food production and no problems with killing all the cityplebs so the countries will survive just with fewer people in it
and that leaves india: the country as we all know of great competence, low corruption and critical industries
watch in the coming weeks for shit to really hit the fan there and they have internet access so well see it in glorious HD on the internet

now you best start believing in pol tier happenings cause you are in one, however for the west its months probably 2 or 3 years out
once the lockdown is lifted use the opportunity to get the fuck out of every metro area and settle in a food producing property
as these lockdowns show once your country is getting written off you will not be able to escape anymore

[Anonymous No.18553108]

>entire economy on hold to face guaranteed collapse
>"priced in"

[Anonymous No.18553146]

>>18552474

That way you talk. You sound like a boomer. Post pick of beverage.

[Anonymous No.18553248]

>>18552474
Your reasoning and phrasing tells me you're an idiot, retard

[Anonymous No.18553269]

stop getting my hopes up faggots. I want this shit to burn so I don't have to figure my life out

[Anonymous No.18553305]

>>18550144
This is old news to people paying attention, but he wouldn’t tell the public if he wasn’t already priced in. Get ready for a culling of bulls.

[Anonymous No.18553473]

>>18553248
>>>18552474
>>18553146
>Your reasoning and phrasing tells me you're an idiot, retard

I already called him out as a boomer. If he posts a picture of monster energy drink; we will know for sure.

[Anonymous No.18554362]

>>18553473
>>18553248
>>18553146
>no rebuttal, resort to name-calling

Kek, either shills or brainlets. Either way thanks, youve convinced me to go all in. See you from the top tomorrow.

[Anonymous No.18554403]

>>18550247
Based, the only question is how close we will come to retesting March’s lows

[Anonymous No.18554440]

>>18550567
It's called Erasure Bay

[Anonymous No.18554450]

>>18551938
take your meds buddy you’re gonna have a stroke

[Anonymous No.18554480]

>>18551159
Brainlet here. Explain repo crisis pls>>18551179

[Anonymous No.18554496]

>>18551709
Based and /biz/pilled

[Anonymous No.18554527]

>>18550503
Dude I live in nyc and there isn’t even looting yet, you go outside and see ppl walking their dogs and jogging

[Anonymous No.18554657]

>>18551997
u still here NIGGA?

[Anonymous No.18554830]

>>18550169
>>18550144
Can we talk about the fact Buffetts portfolio ate dick this year and maybe he's an out of touch Boomer who lost his golden touch.

[Anonymous No.18554907]

>>18554830
Buffett knows EXACTLY what he is doing.

[Anonymous No.18554930]

Warren Buffett Used to Avoid Tech Stocks. Now He Loves Them. Here's Why

[Anonymous No.18554938]

>>18550144
https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006

Read this. The phone isn't ringing because people don't need capital that badly. People call Buffet when they need capital and all other lifelines are closed. The fact that no one is ringing them up is bullish.

[Anonymous No.18554961]

In front of roughly 40,000 shareholders and fans, Warren was intimating that we should become familiar with a new reality: The world is changing, and the tech companies that value investors used to haughtily dismiss are here to stay—and are immensely valuable.

“The four largest companies today by market value do not need any net tangible assets,” he said. “They are not like AT&T, GM, or Exxon Mobil, requiring lots of capital to produce earnings. We have become an asset-light economy.” Buffett went on to say that Berkshire had erred by not buying Alphabet, parent of Google. He also discussed his position in Apple, which he began buying in early 2016. At roughly $50 billion, that Apple stake represents Buffett’s single largest holding—by a factor of two.

[Anonymous No.18554968]

Buffett is also a full-time retard

[Anonymous No.18554978]

At the cocktail parties afterward, however, all the talk I heard was about insurance companies—traditional value plays, and the very kind of mature, capital-intensive businesses that Buffett had just said were receding in the rearview mirror. As a professional money manager and a Berkshire shareholder myself, it struck me: Had anyone heard their guru suggesting that they look forward rather than behind?

[Anonymous No.18554983]

>>18554907
Losing a shit ton of money is what he's doing lately.

If he's as plugged in as people say, why didnt he see any of this coming from a mile away?

[Anonymous No.18555003]

The Big Debate
There is a deep and important debate going on in the investment community, one with profound repercussions for both professional money managers and their clients. Some believe that Buffett is right—that we have become an asset-light economy and that value investors need to adapt to accommodate such changes. Noted value managers like Tom Gayner of Markel Corp. and Bill Nygren of Oakmark Funds, for instance, count companies like Amazon and Alphabet among their top holdings. The fact that these stocks often trade at above-market valuations—a factor that once scared away orthodox value investors—hasn’t deterred them, because the companies’ futures are so bright that they’re worth it.

[Anonymous No.18555006]

>>18554978
I'm pretty sure there is very little looking forward. The rules of the game have definitely changed.

[Anonymous No.18555019]

Other value managers like David Einhorn at Greenlight Capital and Bruce Berkowitz at Fairholme are betting on the very same old-economy companies that Buffett long favored. Berkowitz, Morningstar’s domestic equities Manager of the Decade from 2000–10, has seen his performance suffer this decade, thanks to positions in AT&T and, most notably, Sears Holdings, which declared bankruptcy earlier this fall. Einhorn’s performance has also suffered; his largest position is GM, and he says he has been short what he calls a “bubble basket” that includes Tesla, Netflix, and Amazon.

All value investors continue to agree that price is an important component of value—that’s why we’re called value investors. What’s happening now is a debate about what the drivers of value are—of what constitutes value in the 21st-century economy—and what will drive both the economy and the market forward over the next generation.

[Anonymous No.18555037]

>>18555006
Asset Light, looking forward.

Google, Amazon.

[Anonymous No.18555056]

Google, Amazon, Roku, and more tech.......

[Anonymous No.18555072]

Value investors are just that—we hunt for value, and our focus on price in relation to a business’s value makes us easily distinguishable from other investors. Momentum investors, for example, care about price only insofar as they can sell whatever they’ve bought to someone else at a higher one—the so-called greater-fool approach. Then there’s growth investing, in which price takes a distant second place to a business’s prospects for rapid expansion.

*********************************************
Because weighing price vs. value is paramount in value investing, those in this school have a reputation of being long-term-oriented, self-denying cheapskates.

[Anonymous No.18555074]

>>18550144
Of course it’s a bull trap, how retarded can you possibly be to think otherwise. This is the most obvious bull trap of all history

[Anonymous No.18555103]

>>18554983
ok and?
who didnt lose a shit ton of money on their 3 month chart?

[Anonymous No.18555116]

Value’s Beginnings
The father of value investing was Ben Graham, who gave birth to it roughly 100 years ago, when 100% of the components of the Dow Jones industrial average were just that—industrials. Hard assets were what drove companies like Anaconda Copper and National Lead. Consumer marketing was in its infancy; in 1915, the closest thing the Dow had to a consumer products company was General Motors (or maybe American Beet Sugar).

The year before, Graham had graduated second in his class from Columbia University with such a gifted intellect that he was offered teaching positions in three departments: philosophy, mathematics, and English. Acquainted with poverty at an early age, however, Graham chose a career in finance. The market of his day was dominated by tipsters, schemers, and speculators; stock operators trying to corner the market in United Copper had caused the Panic of 1907, which wiped out Graham’s widowed mother’s savings. Graham loathed such speculations, but he was attracted to the upside of equities. He saw them for what they were: a fractional ownership of a company’s business.

[Anonymous No.18555129]

Driven by both his academic temperament and practical necessity, Graham set about trying to figure out a predictable, systematic way to make money in stocks. For an answer, he turned to corporate financial statements and the tangible assets represented therein. Graham saw that while equities went up and down in the short run according to the whims of the market, a company’s tangible assets—its forges and its foundries and the inventory they produced—had a solid, knowable value. Graham began to calculate that value in a precise, mathematical way. He asked himself: What would a company be worth if it were to liquidate its assets and pay off its liabilities? Sometimes the liquidation would actually occur; other times it would be a theoretical exercise that gave Graham what he termed a “margin of safety” when buying a security.

By quantifying value and then juxtaposing it with price, Graham found he could make sense of markets. Thus was born security analysis and, with it, value investing.

[Anonymous No.18555132]

[Anonymous No.18555135]

>>18555129
nigga shut up why didnt u just post the article link

[Anonymous No.18555214]

>>18555135
This.

[Anonymous No.18555222]

>>18555103
>3 month in the stock market

[Anonymous No.18555343]

>>18555103
That only holds for banks' mutual fund managers who must be invested at all times by regulations. For any other entity, it just shows incompetence, since even simple markers were indicating a strong downtrend. A 10% loss is understandable if you had noobs on deck, a 30%+ loss is not.

[Anonymous No.18555461]

>>18555135
>>18555214

Like anybody on this site wouldn’t just scroll past instantly. At least this way people are reading it

[Anonymous No.18555471]

>>18555135
nigga, you are a nigger! Thats why.............

[Anonymous No.18555481]

>>18555461
BASED and TRUE fren!

[Anonymous No.18555503]

From the beginning, value investing focused on the quantitative and tangible aspects of a business. Graham was an intellectual who lived in abstractions; he didn’t want to know about the products the companies made. Irving Kahn, one of Graham’s assistants, told Buffett biographer Roger Lowenstein that if someone began to describe to Graham what a company actually did, he would get bored and look out the window. With his focus on liquidation value, Graham tended to buy boring, beaten-down businesses—cigar butts, they came to be known, good for only a few extra puffs. Walter Schloss, a Graham analyst who later became a legendary value investor in his own right, once pitched Graham on Haloid, which owned the rights to a promising technology that would one day become the Xerox machine. While there is no record as to whether Graham looked out the window, he nevertheless said no.

“Walter,” he said, “it’s just not cheap enough.”

[Anonymous No.18555508]

>>18555461
If people cant be arsed to read something for their own benefit, fuck em. Let em starve.

[Anonymous No.18555533]

>>18555508
True Americans "help people till they can help other people".........

You are a stupid-nigger also!

[Anonymous No.18555555]

>>18555508
Stupid-nigger!

[Anonymous No.18555580]

>>18555533
Enjoy wasting your life leading horses to water who wont drink. dumbfuck. Psst, those same people will simply scroll past your wall of text or abandon thread altogether.

This Graham guy interests me, although I can see how his childhood trauma might ultimately stunt his investment prowess long term.

[Anonymous No.18555587]

>>18555580
Your birth:

[Anonymous No.18555593]

>>18555555
AAAAAAAAAA WHAT HAVE YOU DONE

[Anonymous No.18555607]

>>18555580


You:

[Anonymous No.18555632]

>>18555580
You are a shitposting-nigga:

[Anonymous No.18555634]

>>18552466
it will tank for longer than you have money and dividends will be cut to zero

[Anonymous No.18555652]

>>18555580
Come on nigga:

[Anonymous No.18555655]

>>18555632
Oh. I didnt realize you were autistic. Im sorry, tardo.

[Anonymous No.18555661]

>>18554983
berkshire is not a hedgefonds that needs to pull out now, he hasnt lost money you dumbfuck

[Anonymous No.18555683]

>>18555661
Post your holdings you PATHETIC CLOWN!

[Anonymous No.18555687]

hahaha, and here was me starting a tread on biz expecting serious opinions

[Anonymous No.18555763]

>>18555661
Where u at NIGGER?

[Anonymous No.18555775]

[Anonymous No.18555781]

>>18550305
Moron

[Anonymous No.18555794]

The Oracle
One of Graham’s acolytes was a young man from Omaha who was born into the Depression but came of age during America’s large, optimistic postwar expansion.

As a teenager, Warren Buffett tried to understand the stock market by studying charts and other technical indicators; when he came upon Graham’s writings, he said that he felt “like Paul on the road to Damascus.”

Buffett came East for business school to study under Graham, who by then was teaching at Columbia, and he briefly worked for Graham after graduation.

A classic Middle American boy, however, Buffett soon quit New York for his beloved hometown.

[Anonymous No.18555809]

>>18555794
wikipedia bump?

[Anonymous No.18555820]

Surveying the economy of the mid-1950s with his own partnership, Buffett saw that it was vastly different from the one Graham had encountered as a young man.

While the Dow Jones industrial average was still dominated by industrials, it also contained Procter & Gamble, Sears Roebuck, and General Foods.

These companies were fundamentally different from an industrial company: The primary driver of their business value had little to do with hard assets.

Rather, the value had to do with the company’s brands—with the loyalty and familiarity that customers felt for Ivory Soap and Jell-O gelatin.

These emotional ties, encouraged and cemented by mass marketing, allowed businesses to charge high prices for relatively mundane goods.

[Anonymous No.18555832]

>>18555809
https://money.com/value-investing-embraces-tech/

[Anonymous No.18555851]

The great enabler of such businesses was the rise of national television, which both emanated from and reinforced a culture of homogeneity.

Market-leading brands used scale in a very different but no less effective way than manufacturing companies.

A beer, shampoo, or cola brand with dominant share could flood the three major TV networks with more advertising than their competition, yet still spend less than the competition as a percentage of absolute sales dollars.

This set up a virtuous circle for dominant brands and a vicious circle for those less fortunate.

Brands like Budweiser went from strength to strength; strong regional brands like Narragansett beer, once the No. 1 seller in New England, slowly but surely withered away.

[Anonymous No.18555878]

With the help of his partner Charlie Munger, Buffett studied and came to deeply understand this ecosystem—for that’s what it was, an ecosystem, even though there was no such term at the time.

Over the next several decades, he and Munger engaged in a series of lucrative investments in branded companies and the television networks and advertising agencies that enabled them.

While Graham’s cigar-butt investing remained a staple of his trade, Buffett understood that the big money lay elsewhere.

As he wrote in 1967, “Although I consider myself to be primarily in the quantitative school, the really sensational ideas I have had over the years have been heavily weighted toward the qualitative side, where I have had a “high-probability insight.”

This is what causes the cash register to really sing.”

[Anonymous No.18555896]

Value 2.0
Thus was born what Chris Begg, CEO of Essex, Mass., money manager East Coast Asset Management, calls Value 2.0: finding a superior business and paying a reasonable price for it. The margin of safety lies not in the tangible assets but rather in the sustainability of the business itself. Key to this was the “high-probability insight”—that the company was so dominant, its future so stable, that the multiple one paid in terms of current earnings would not only hold but perhaps also expand. Revolutionary though the insight was at the time, to Buffett this was just math: The more assured the profits in the future, the higher the price you could pay today.

This explains why for decades Buffett avoided technology stocks. There was growth in tech, for sure, but there was little certainty. Things changed too quickly; every boom was accompanied by a bust. In the midst of such flux, who could find a high-probability insight? “I know as much about semiconductors or integrated circuits as I do of the mating habits of the chrzaszcz,” Buffett wrote in 1967, referring to an obscure Polish beetle. Thirty years later, writing to a friend who recommended that he look at Microsoft, Buffett said that while it appeared the company had a long runway of protected growth, “to calibrate whether my certainty is 80% or 55% … for a 20-year run would be folly.”

Now, however, Apple is Buffett’s largest investment. Indeed, it’s more than double the value of his No. 2 holding, old-economy stalwart Bank of America.

[Anonymous No.18555924]

>>18555555
fucking based and checked

[Anonymous No.18555926]

>>18550144
He just wanted a red monday, fucking boomer even bought his stupid book where he explains how to be a boomer about investments.

[Anonymous No.18555932]

old-economy stalwart Bank of America

[Anonymous No.18555958]

>>18555924
Thanks fren!

That NIGGA is gone! Where he at?

[Anonymous No.18555977]

>>18550144
The same Buffett that bought a shit-ton of Delta at the first sign of a dip, then sold a shit-ton of Delta literally at the bottom of the dip, while his people bought a shit-ton of Kroger at the start of this crisis & made a ton of money without him? THAT Buffett? Dude has lost his touch

[Anonymous No.18556007]

Warren Buffet is trying to figure out how to sell his holdings without CRUSHING the Businesses he has invested in over the last 80 years.....

Imagine if Buffet sold ALL his holdings and put all the CASH in one place!

[Anonymous No.18556046]

>>18555977
Warren sold Delta to stay under a 10% "reporting" threshold.

[Anonymous No.18556065]

Warren is KING!

[Anonymous No.18556081]

Now, however, Apple is Buffett’s largest investment. Indeed, it’s more than double the value of his No. 2 holding, old-economy stalwart Bank of America.

Why? Not because Buffett has changed. The world has.

And quite suddenly: Ten years ago, the top four companies in the world by market capitalization were Exxon Mobil, PetroChina, General Electric, and Gazprom—three energy companies and an industrial conglomerate. Now they are all “tech”—Apple, Amazon, Microsoft, and Alphabet—but not in the same way that semiconductors and integrated circuits are tech. These businesses, in fact, have much more in common with the durable, dominant consumer franchises of the postwar period. Their products and services are woven into the everyday fabric of the lives of billions of people. Thanks to daily usage and good, old-fashioned human habit, this interweaving will only deepen with the passage of time.

Explaining his Apple investment to CNBC, Buffett recalled making such a connection while taking his great-grandchildren and their friends to Dairy Queen; they were so immersed in their iPhones that it was difficult to find out what kind of ice cream they wanted.

“I didn’t go into Apple because it was a tech stock in the least,” Buffett said at this year’s annual meeting. “I went into Apple because … of the value of their ecosystem and how permanent that ecosystem could be.”

[Anonymous No.18556316]

>>18556081
Buffett really is a decrepit old senile boomer huh. Sad! Guess there won't be another bottom after all.

[Anonymous No.18556386]

>>18556046
So why did he buy a ton of Delta, at a higher price, weeks before selling at a lower price to stay under the 10%? This clown is literally playing checkers

[Anonymous No.18556393]

>>18554362
Don't forget to buy some rope for May, dumb faggot.

[Anonymous No.18556531]

>>18551607
fuck yeh i know this feeling. I got a rush from reading this

[Anonymous No.18556532]

Is there any possibility the S&P 500 skyrockets +3.21% and Tesla falls during this time?

[Anonymous No.18556646]

>>18552970
dont believe everything you read on /pol/

[Anonymous No.18556651]

>>18556316
Post your holdings faggit, or:

SHUT THE FUCK UP!

[Anonymous No.18556662]

[Anonymous No.18556728]

>>18556386
Where u at NIGGA?

[Anonymous No.18556749]

The New Economy
If the postwar era was about consumer brands operating at scale, the early 21st century is about what we might call digital platforms. Like the branded enterprises before them, they have the permanence and probability that make for a good long-term value investment. Innovation scholar Carlota Perez has written about how at least five times in Western civilization, new technologies have erupted, gone through a speculative frenzy, and then busted, only to settle down after a shakeout into a long, protracted period of stability. We’ve had the high-tech eruption, we’ve had the frenzy of the dotcom boom, and we’ve had the bust. Now we are in what Jonathan Haskel and Stian Westlake, authors of Capitalism Without Capital, call the “bedding-in” phase.

Unlike branded companies, digital businesses often benefit from network effects: the tendency of consumers to standardize on a single platform, which reinforces both consumer preference and the platform’s value. Because of this, the market shares of these platform companies dwarf those of the consumer products giants; software businesses like these are often characterized by a “winner take all” or “winner take most” dynamic. Combine this with the fact that they require little to no capital to grow, and you have Value 3.0—business models that are both radically new and enormously valuable.

[Anonymous No.18556750]

>>18550305
Dumb ass

[Anonymous No.18556779]

Value 3.0—business models that are both radically new and enormously valuable.

[Anonymous No.18556783]

>>18552213
>be me, 25 y/o
> coronavirus in late March
>fever for two days, weak but could still walk around
>no longer weak and no more fever by day three
>except didn't have a sense of taste or smell for about two weeks
>when my smell/taste did begin to return all I could taste was smokey, burnt flesh (only way to describe it)
Over a month later I am 100% so idk where this stuff about HIV and liver damage comes from lmao

[Anonymous No.18556808]

>>18556651
POW
ATD.B
CNR
Currently, watching
FFH
FN
CVE
IPL
NA
RY
For entry tomorrow on swing.
Long-term nothing, but I was all tech during the golden bullrun and shit just printed money, at literally nobody's surprise.

[Anonymous No.18556984]

>>18552466
I don't understand the logic of DCA investors.

[Anonymous No.18557056]

The bones are their dollars, so are the worms

[Anonymous No.18557409]

Bulltrap was weeks ago, it's all up from here until the next big event

[Anonymous No.18557530]

>>18556393
Im not running a charity homo. You wanna neck yourself when you miss the biggest buying opportunity of your lifetime, do it on your own dime.

[Anonymous No.18557629]

>>18551454
>>18551789
>>18550650
he sold delta to get under the 10% ownership
Don't forget Buffet is the ultimate hodlr

[Anonymous No.18557684]

>>18554961
asset light, meme bubble heavy aka overvalued trash

[Anonymous No.18557790]

>>18557684
Slack-jaw, shit-posting, NIGGER!

Your Father:

[Anonymous No.18557804]

>>18557684
Zup stupid NIGGA?

[Anonymous No.18557858]

>>18550305
kys zoomer

[Anonymous No.18557909]

>>18555003
>>18557790
>asset-light economy
asset light means potential for meme heavy bubble shit. basically boomers trying to justify inevitable dot com 2.0
Boomer level investors don't understand that software and hardware that runs it are indeed an asset but one that may become worthless much quicker and more suddenly than traditional assets. They can't into tech because it moves too quick for their ability to research, so they can't afford to be forward facing.
Buffet wouldn't touch IBM for same reason historically: he didn't understand it. He continued that until he realized that asset doesn't always mean trucks, wires stretching across country, storefronts etc. in modern times. Doesn't mean that tech stocks aren't overvalued shit.

[Anonymous No.18557942]

>>18556007
Seems theres a tipping point where your stock holdings become no longer an asset but an anchor. Especially given your name becomes so prominent as soon as you move the value of the holding reacts. And you hold so much that a dump could not only ruin your ROI but cripple the company.

[Anonymous No.18558147]

>>18550144
I can’t wait to take all these fat angry American bears waiting for the end of the worlds money.

[Anonymous No.18558197]

>>18550621
You’re a shill enigma, let’s see if I can figure you out. You’re shilling for complete doom, but in a very non-convincing, exaggerated way. Thus you damage the credibility of the doomers, implying you want people to keep buying your bags. But wait, you’re doing such a bad job that it’s too obvious, so people will think you are trying to damage the credibility of shilling bulls, so people will sell and you can buy cheap. You are a bull doing a triple-reverse psychology act. Not bad.

[Anonymous No.18558363]

>>18552152
The buy-in opportunity of a life-time at the peak of the dead-cat bounce? /biz/ will never fail to amaze.

[Anonymous No.18558421]

>>18552257
Happy, stupid people consume. They constitute one half of the market. What we currently witness is the delusional arrogance of investors thinking only the producing half is needed.

[Anonymous No.18558550]

>>18554403
Get ready for March floors to look like distant ceilings.

[Anonymous No.18558600]

>>18554938
> nobody is calling the plumber anymore
> everyone deals directly with the army corps of engineers
> I conclude this means people don’t need plumbing much these days which must be bullish

[Anonymous No.18559646]

>>18558550
can't wait

[Anonymous No.18559793]

>>18551973
rekt him kkkk

[Anonymous No.18560900]

Wait, does people unironically believe the bottom is in or only because you've just bought some bags?

[Anonymous No.18560901]

>>18555555
Check

[Anonymous No.18561537]

>>18550503
>civilization has fucking collapsed.

easy on this sips anon

[Anonymous No.18562016]

>>18558421
consumption via bad debtors (see sub prime) is not good for the markets and won't be missed

[Anonymous No.18562111]

>>18560900
Stocks are not crypto, blue chips withy massive dividend yields providing absolutely necessary product like oil and massive cash rich corporations are winners here, sure the russel is fucked as are sub prime consumers (which will just make more cheaper slaves, less union hassle and higher margins). Prople dying does not effect stock market growth (see Ethiopia in the 1980s) is who dies. OAPs and inner city ghettos, indebted renters who work in jobs that should be automated anyway don't matter. You buy when others don't you sell when other buy. If you ahave no balls you should not be an investor anyway (and gambling on puts/options/day trading/forex) is not investing it is gambling. In ten yesrs I am already far more wealthy than you, this is juust an opportunity to increase the gap, but if you are not debt free, do not own your property outright, do not already have nice asset portfolios and cash on the side you should not be playing anyway. Cash is not worth holding due to increased money supply.

[Anonymous No.18562141]

>>18559793
Two kinds of stupid
1)Its just a flu bro
Fucking morons
2)Its the end of finance and markets, don't buy cheap bluechips
Fucking morons

[Anonymous No.18562202]

>>18550503
That’s you all

[Anonymous No.18562251]

One thing that is untouchable is the techs. They are near the top of their 52 week range, the likes of apple, nvidia, amd.
Yet they have massive supply chain issues and manufacture and distribute physical product One example, Broadcom which supplies apple is fucked and can only fill orders placed now in six months (maybe). The core of the markets for these boys is non essential and discretionary spending on shite like token prestige phones, games consoles and second rate IT products. They will be hit with both cap ex, shit tier moron consumer cuts (iPhone users and games console buyers, essentially thots and neets) and their manufacturing is fucked. The likes of msft are more ok, they rely far less on physical product. As regards facebook, google (who have a shitty product) they are advertising/marketing dressed up as tech and advertising/marketing/pr/social media marketing is fucked, the emperors have no clothes. Amazon is in trouble. Big trouble, not allowed explain why. So stay away from them. If there is another massive fall it will be focused on these fucked PE techs. Tis the season for dividend stocks, cheap sound financials (the two hardest hit sectors have been energy and financials, its where the diamonds are lying) and large establish dividend paying aristo etfs. I would say a hedge in gold but you should have had that since January.

[Anonymous No.18562277]

>>18562202
yeah, the fluff produced by excessive capitalist prosperity like noisy but economically worthless sexual identity and race noisemakers are fucked.

[Anonymous No.18562321]

>>18550144

Of course. A full recovery and 100% return to normality is priced in. That shit ain't hsppening. Expect the Fed to print a lot more money.

[Anonymous No.18562380]

>>18562321
>>18562321
>A full recovery and 100% return to normality is priced in.

No the death of 25% of low end bad debt consumers/non producers is and that reasonable.
>>18562321
>Expect the Fed to print a lot more money
sure and everyone else, which is why holding cash is a mugs game, markets will rise with increased money supply anyway as will gold, anything more is cream from cheap blue chips caught up in this with essential product/infrastructure and good management, good debt ratios (which will only improve as money supply increases) and dividends

[Anonymous No.18562411]

So look in the two sectors that are down the most, energy and finance for rock solid massive cap blue chips with good dividend histories, and avoid advertising/social media/marketing and physical manufactured tech, its due a sharp plunge fuck the rest.

[Anonymous No.18562462]

>>18552054
>The problem in 1929 was not that 100 million plebs died, its that they lived and dragged everything else down with them.

In the US they will, too. Right to bear arms, nigga. I'm not starving to death without a fight.

[Anonymous No.18562464]

And anything with a PE over 20 and bad books, massive debt to cashflow is garbage. J. Paul Getty great guy, got massively wealthy buying cheap oil stocks during the great depression.

[Anonymous No.18562513]

>>18562462
>In the US they will, too. Right to bear arms, nigga. I'm not starving to death without a fight.

Well that's all very emotional, speaking as someone who saw two wars in his youth it may not live up to your romantic notions of dying with your boots on and all that. However if there is one thing that puts a hard stop on occupy style mass protests or indeed any form of mass protest be it6 your edgy psedo political violence is disease/epidemics/pandemics. Not happening.

[Anonymous No.18562542]

>>18562462
>I'm not starving to death without a fight.

Yes you will, just as people did in the great depression, the Irish famine etc. You'll suck it up. If you put yourself in this position ultimately after four decades of unprecedented prosperity and idleness you have only yourself to blame.

[Anonymous No.18562550]

>>18550144
the gubmit will always bailout the stock market. so buybuybuy

[Anonymous No.18562612]

>>18562542
>Yes you will, just as people did in the great depression, the Irish famine etc.

Semi-automatic gun ownership was pretty low back in the day. I own a lot of guns and a lot of ammo. If some rich assholes expect me to just get laid off and die because navigating the system is a nightmare then I'll just lash out of t rich assholes. Maybe I'll kick off the communist revolution, maybe the Feds will release my internet history to try to discredit me. I'm not dying of something stupid without a fight.

[Anonymous No.18562627]

>>18562111
>didn't buy bitcoin in 2013
>wealthier than me
pick none

If the stock market is a scam with no fundamentals you might as well buy the bitcoin dip instead of the fag500 with the baby gains.

[Anonymous No.18562715]

>>18562612
>I own a lot of guns and a lot of ammo.
So what, so do I, what you lack is logistics,manufacturing air support, heavy weapons, direct paramilitary experience, medical support, intelligence support,naval assets, organisation, or any degree of integrated training or exercises. Plus just from the noises you make you clearly don't know everyone's a coward and its how you deal with fear that matters, whether you go into autopilot on training hammered in, or just accept death. However guys like you who talk it up are the ones who do nothing. Your little toy AR-15 does not matter afuck and if you manage to find another 20 similarly deluded ragequitting assclowns and have a chat and one of them coffs, well then that's Darwin in action. Like I say, epidemics kill war, political unrest and mass protest
>>18562612
>Maybe I'll kick off the communist revolution
Yes yes, something something communism. We are discussing stock markets here. You are in the wrong place.

[Anonymous No.18562743]

>>18562627
I have a crypto portfolio, link and eth about 100K, is an entertaining sideline and it does nicely and I'm leaving it alone. Prices are if anything slightly higher than they should be but its a tech that is worth a fuck, however its not where the value is right now. Call me back if it crashes 50% again.

[Anonymous No.18562775]

>>18562715
>So what, so do I, what you lack is logistics

So will you, faggot. 25% of the population sperging out will grind the delicate American logistics system to a halt, and the cities will descend into chaos as a result. Sure, I might die in the initial onslaught but the civilizational collapse will reach you, too. Hunger, strife, pestilence, something will get you in the end.

But hey, if you survive then it was meant to be. You sound like an asshole though, so you probably won't.

[Anonymous No.18562785]

>>18562627
No fundamentals, shell and Exxon?
What powers ploughs, mining trucks, lorries, fishing fleets. Not bitcoin, which is not at bargain levels. They are.

[Anonymous No.18562786]

>>18550144
buffet always hated crypto u noob

[Anonymous No.18562873]

>>18562775
Look you are the raging (but irrelevant voice) of the element of society that is imprudent, surplus to requirements and economically useless. No one else *did* that to you. You failed to make it in ears of incredible opportunity and prosperity. You waving an AR-15 around for 45 minutes won't even make the news. I'll be fine, thanks for the concern. Surprisingly enough, I have no ethical problem laying waste to ten thousand people like you and could. You may die or starve or whatever but why do you think you ultimately matter more than some useless nigger in Ethiopia in the 80s? Do you give a fuck about all the people who died of malnutrition yesterday? Why should anyone give a fuck what happens to you? It was your job to look after yourself, not others and if you failed in that, then rage at yourself. The rich get richer, the useless die. Its always been this way. Life is hard.

[Anonymous No.18563026]

>>18562775
>You sound like an asshole though
I support something like 250 people and their families, children, parents. Its a straight trade, they give me their undivided loyalty and obedience and I ensure that they and their families are comfortable and not in any want, threat or need. I care about them, not you. If one of them is disloyal then they and their family are no longer my concern and they are finished with me. How many people does your raging useless life provide for? You can't even provide for yourself.

[Anonymous No.18564050]

>>18552838
very based. very redpilled.
there's literally nothing they could do.

[Anonymous No.18564084]

In a tread about stocks nd people talk about guns. Whats going on?

[Anonymous No.18564096]

Fuck this boomer

[Anonymous No.18564151]

>>18555555
checked and witnessed. niggers = stupid, you heard it here!

[Anonymous No.18564476]

>>18550503
Cringe

[Anonymous No.18564683]

>>18555555
holy kek, i am a racist now....

[Anonymous No.18564700]

>>18552466
>JUST HOLD FOR 30 YEARS BRO
It's not crypto, stock markets take decades to recover.

[Anonymous No.18564724]

>>18552466
You are losing profit while buying too high. As easy as that.

And furthermore if US keeps going like that, this shit will end like the Nikkei

[Anonymous No.18564807]

>>18550503
How will I live out my power fantasies and become a baron if not in big cities? Get a few buds

[Anonymous No.18564839]

>>18550305

[Anonymous No.18564871]

>>18552152
I have to burst your tinfoil bubble but eu countries don't pay jack shit for corona diagnosis lol.