All things STOCKS

#17,228
#17,228
#17,235
#17,235
Go aeiou said:
Why does that bother you?
He's not likely to pay too much.
Hopefully not pltr. I've never trusted those guys.
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I suppose it's the comment I heard he made that he didn't and his advisor's didn't see a good place to put the money right now, so they piled it up.

When a guy who is known for hating to have money just sitting has a record amount just sitting and says "I don't see anything out there that's worth jumping on," I notice.

Maybe he's bought more OXY and I'm told there's another buy/sell report coming by 3/1, so I guess we'll know more soon.

I'm just betting that when the money pot got to around $150B most of the guys here would have found something better than short term instruments for the money, Buffett and Co apparently didn't and is now holding double that.
 
#17,236
#17,236
SayUWantAreVOLution said:
I suppose it's the comment I heard he made that he didn't and his advisor's didn't see a good place to put the money right now, so they piled it up.

When a guy who is known for hating to have money just sitting has a record amount just sitting and says "I don't see anything out there that's worth jumping on," I notice.

Maybe he's bought more OXY and I'm told there's another buy/sell report coming by 3/1, so I guess we'll know more soon.

I'm just betting that when the money pot got to around $150B most of the guys here would have found something better than short term instruments for the money, Buffett and Co apparently didn't and is now holding double that.
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He has fewer options when Berkshire is that big. Purchasing control of small and mid caps would include a lot of scrutiny from regulators - especially during the Biden administration.
 
#17,237
#17,237
SayUWantAreVOLution said:
I suppose it's the comment I heard he made that he didn't and his advisor's didn't see a good place to put the money right now, so they piled it up.

When a guy who is known for hating to have money just sitting has a record amount just sitting and says "I don't see anything out there that's worth jumping on," I notice.

Maybe he's bought more OXY and I'm told there's another buy/sell report coming by 3/1, so I guess we'll know more soon.

I'm just betting that when the money pot got to around $150B most of the guys here would have found something better than short term instruments for the money, Buffett and Co apparently didn't and is now holding double that.
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Buy backs should help the stock price and reduce the cash.
Most of the guys here likely have a different investment philosophy than the BRK folks.
 
#17,241
#17,241
#17,242
#17,242
Thunder Good-Oil said:
He has fewer options when Berkshire is that big. Purchasing control of small and mid caps would include a lot of scrutiny from regulators - especially during the Biden administration.
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And I'm not at all knowledgeable about that but I couldn't see BH jumping at short term, quick turnaround, cash out and win investing even without scrutiny. JMO.

I've wondered if without Charlie, Warren is a little gunshy and should let the next generation have the big chair without him on the scene at all.
 
#17,243
#17,243
SayUWantAreVOLution said:
And I'm not at all knowledgeable about that but I couldn't see BH jumping at short term, quick turnaround, cash out and win investing even without scrutiny. JMO.

I've wondered if without Charlie, Warren is a little gunshy and should let the next generation have the big chair without him on the scene at all.
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BRK would be subject to regulatory scrutiny no matter the size of a takeover target. But a small or mid-cap acquisition of a public company wouldn’t be very material relative to the enormous size of Berkshire, so it might not be worth the hassle buying shares of those companies unless they were a good fit for a comprehensive strategy. Purchasing Pilot/Flying J alone makes a lot more sense if it’s expected to be a piece of a larger energy initiative. As a stand alone, it’s kind of smallish in the Berkshire world. Under $14 billion total.
 
#17,245
#17,245
Thunder Good-Oil said:
BRK would be subject to regulatory scrutiny no matter the size of a takeover target. But a small or mid-cap acquisition of a public company wouldn’t be very material relative to the enormous size of Berkshire, so it might not be worth the hassle buying shares of those companies unless they were a good fit for a comprehensive strategy. Purchasing Pilot/Flying J alone makes a lot more sense if it’s expected to be a piece of a larger energy initiative. As a stand alone, it’s kind of smallish in the Berkshire world. Under $14 billion total.
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As I recall, they had a big piece of Pilot already and, IMO, just took the rest so they could control leadership and make whatever that lawsuit was go away. I recall that Jimmy was there awhile afterward, then BRK installed their people at the top.

I assumed they wanted completely rid of the Haslam influence after the lawsuit and, as you said, it's not a big transaction in that world.

And I suppose I'm still just smarting over the Apple liquidation. Taxes probably aren't going up, as Buffett thought, and someone somewhere has probably already figured how much money BRK walked away from with that sell and I'm sure it's more than I can imagine walking away from.
 
#17,248
#17,248
SayUWantAreVOLution said:
As I recall, they had a big piece of Pilot already and, IMO, just took the rest so they could control leadership and make whatever that lawsuit was go away. I recall that Jimmy was there awhile afterward, then BRK installed their people at the top.

I assumed they wanted completely rid of the Haslam influence after the lawsuit and, as you said, it's not a big transaction in that world.

And I suppose I'm still just smarting over the Apple liquidation. Taxes probably aren't going up, as Buffett thought, and someone somewhere has probably already figured how much money BRK walked away from with that sell and I'm sure it's more than I can imagine walking away from.
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BRK bought Pilot Travel/Flying J in 2 or 3 tranches from the Haslams and bought out the family that originally owned Flying J in a separate transaction early on. There was some legal wrangling between BRK and the Haslams over their last piece of Pilot FJ that BRK purchased a year or two ago. Separately the Haslams sold tge Pilot convenience stores to Casey’s.
 
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#17,249
#17,249
mrorange211 said:
Do not underestimate them. I've been burned on multiple shorts.
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Yes, was able to exit will small profit when it dipped to high 800’s recently. I saw something about a metric (maybe RSI) indicating only two similar previous times and both were followed by 40% drops. I’m Probably not going to do it. Still in waiting game on CVNA and RH shorts.
 
#17,250
#17,250
Generally speaking, I don't think you short stocks in uptrends (on a daily chart). Unless you're day trading; even then, you've got to be super nimble and get out with tight stops if it moves against you.

I think you've got to be really careful about shorting any stock, even if it is in a downtrend, when the market overall is trending higher. It sounds obvious but it is true - most stocks are going up in that environment. Finding the one offs that are going down sounds unnecessarily difficult.
 
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