Saturday, February 21st, 2009...5:54 pm
I Don’t Believe in Buffet
Backdrop: Oct. 15, 2008
Warren Buffet: “If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.”
Tick Talk: 5 Reasons to Ignore Warren Buffet (old fart is doing that ”verbal intervention trick” hoping more buyers will hop in and he/brk.a/brk.b can cash out).
SeekingAlpha readers:
Agreed: 5
Disagreed: 23 …and I quote: ”Who the hell are you?” “You’re a nobody.” “Any idiot can write a catchy headline, your article is totally wrong and complete crap.” “Buffet is a patriot and you are a vile communist.” etc…
——————FOUR MONTHS LATER————————————-
Buffet’s BRK.A happens to be selling American equities JNJ and PG.
Tick Talk: ”When Buffet is fearful, I get greedy.” Yep, just made that up. In reality, fear and greed are the most ruinous approaches to investing because - because they lack discipline, planning, and, well they aren’t strategies at all. They are base emotions.
SeekingAlpha readers: ummm, SA won’t cover this article. It’s too short. Seems their readers need wordy, time-wasting propaganda to help them arrive at the wrong conclusions. Pity too - “Brevity is the soul of wit.” Bill Shakespear.
Song: BELIEVE (add the line, “I don’t believe in Buffet” sounds good huh?)
