Dewey Fernfield
The [investing] world has ignored Warren Buffett for his lack of mega purchases throughout 2020 and even beforehand. There is a desire to always buy more, no matter what the conditions are. Buffett’s philosophy is one of patience. Only buy a stock when it makes sense [and] for the most part, Charlie and Warren didn’t put that much capital to work. Their cash pile grew and they were simply waiting. But just recently, they accelerated purchases. Interestingly, their biggest purchase wasn’t Amazon or Apple, it was much closer to home.
Warren Buffett’s Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks and a record $9 billion on buybacks in the 3rd quarter | Markets Insider
Warren Buffett’s Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks and a record $9 billion on buybacks in the 3rd quarter | Markets Insider
Warren Buffett’s Berkshire Hathaway reported third-quarter earnings on Saturday. The billionaire investor’s company bought back a record $9 billion of its shares, and spent a net $4.8 billion on stocks after selling a net $12.8 billion in the second quarter. Berkshire’s increased spending meant its cash pile shrunk by roughly $8 billion to $139 billion.
Warren Buffett, Berkshire Hathaway 3Q Earnings Results Released – Bloomberg
Berkshire Repurchases A Record $9 Billion In Stock In Third Quarter | Zero Hedge
Berkshire Repurchases A Record $9 Billion In Stock In Third Quarter
Just a few short years ago, Warren Buffett would not even think of repurchasing Berskhire stock, instead building up a cash war chest which he would deploy to purchase “cheap” companies (although he certainly was a fan of others buying back their stock, such as Apple and – for a while – IBM).
berkshire cash q3 2020.jpg (908×574)
No Title
No Description
Warren Buffett, Berkshire Hathaway 3Q Earnings Results Released – Bloomberg
inequality-GDP8-20a.jpg (550×374)
No Title
No Description
Lumber Sellers Rake in Record Profits on Home Renovation Binge – Bloomberg
The Rescues Ruining Capitalism – WSJ
The Rescues Ruining Capitalism
Modern society looks increasingly to government for protection from major crises, whether recessions, public-health disasters or, as today, a painful combination of both. Such rescues have their place, and few would deny that the Covid-19 pandemic called for dramatic intervention. But there is a downside to this reflex to intervene, which has become more automatic over the past four decades.
Prospering in the Pandemic, Some Feel Financial Guilt and Gratitude – WSJ
Prospering in the Pandemic, Some Feel Financial Guilt and Gratitude
Feelings of financial guilt have plagued many prospering in the uneven economic recovery. In some cases, those emotions along with gratitude are changing spending behavior. “Some of my clients have expressed feelings of survivor’s guilt, wondering why they are doing so well when others aren’t,” said Sue Peck, a financial planner in Madison, Wis.
Air Charter Service Unveils ‘Weddings in the Sky’ Package | TravelPulse
People’s Daily, China on Twitter:
“A smart garbage sorting robot was launched in Hangzhou, E China’s Zhejiang. Supported by visual learning and navigational positioning techs, the robot can work for 8hrs straight, pick up and sort 17.5kg of garbage with an identification accuracy rate of 98% on recyclable trash. https://t.co/SwGiI4Imnb” / Twitter
No Title
A smart garbage sorting robot was launched in Hangzhou, E China’s Zhejiang. Supported by visual learning and navigational positioning techs, the robot can work for 8hrs straight, pick up and sort 17.5kg of garbage with an identification accuracy rate of 98% on recyclable trash. pic.twitter.com/SwGiI4Imnb
Warren Buffett is the Oracle of Omaha they say. Billions sitting on the sidelines, just waiting to invest. Well his biggest investment just came last quarter and here it is: Berkshire Hathaway. Instead of buying shares of other companies, Buffett and Munger decided to buy their own shares and simply push up the price that way. Sitting on $140 billion+ in cash and you don’t see much to invest in. That should be very telling…
HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE: http://TheAmazonGPS.com
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
OTHER: http://themoneygps.com/donate
AUDIOBOOK: http://themoneygps.com/store
T-SHIRTS: http://merch.themoneygps.com
MY FAVORITE BOOKS: http://themoneygps.com/books
Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020
— PLAYLISTS —
The Money GPS – How To and Solutions
The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.
What Is The Money GPS? The Money GPS is a news aggregation source. It compiles data from government documents, white papers, mainstream news articles, financial reports, supranational entity reports, financial charts, and any other relevant information. The information is collected, dots are connected, and compiled into videos which tend to be around 10 minutes in length. Subjects include anything from central banks, debt, stock market analysis, and information which is specifically ALTERNATIVE to what the majority of people believe. If you are looking for stock tips or help with building your portfolio, this channel is not for you. If you… Read more »
“Warren Buffett is the Oracle of Omaha they say. Billions sitting on the sidelines, just waiting to invest. Well his biggest investment just came last quarter and here it is: Berkshire Hathaway. Instead of buying shares of other companies, Buffett and Munger decided to buy their own shares and simply push up the price that way. Sitting on $140 billion+ in cash and you don’t see much to invest in. That should be very telling… What do you think?”
#TheMoneyGPS