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TigerBisKuat
TigerBisKuat
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2023-05-07
Blessed to have withnessed the Duo 🥰 #Buffetology #Mungerism
Sorry, this post has been deleted
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TigerBisKuat
TigerBisKuat
·
2022-09-06
Short everything [Miser]
SPY: Making Money In A Bear Market (Technical Analysis)
SummaryThis is a technical analysis article on the SPY ETF. Professional traders hate risk and love
SPY: Making Money In A Bear Market (Technical Analysis)
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TigerBisKuat
TigerBisKuat
·
2022-08-20
The Apes will Hodl with diamond hands no matter what despite having down 50%!
Ryan Cohen Just Dumped Bed Bath & Beyond. Could GameStop Be Next?
So much for diamond hands.Ryan Cohen, meme stock cheerleader extraordinaire, just did something that
Ryan Cohen Just Dumped Bed Bath & Beyond. Could GameStop Be Next?
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TigerBisKuat
TigerBisKuat
·
2022-08-19
just hold BBBY, it will hit to the moon! altho im down 50% for now
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TigerBisKuat
TigerBisKuat
·
2022-08-17
Great article! I would like to share it.
Why Is Bed Bath & Beyond Stock Up 29% Tuesday?
Bed Bath & Beyond stock is soaring 29% today amid surging retail investor interest.A large call opti
Why Is Bed Bath & Beyond Stock Up 29% Tuesday?
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TigerBisKuat
TigerBisKuat
·
2022-08-14
llittttt
How to Make 300% in the Stock Market Without Really Trying
In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And
How to Make 300% in the Stock Market Without Really Trying
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TigerBisKuat
TigerBisKuat
·
2022-08-14
Great article! I would like to share it.
How to Make 300% in the Stock Market Without Really Trying
In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And
How to Make 300% in the Stock Market Without Really Trying
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TigerBisKuat
TigerBisKuat
·
2022-05-01
thanks for the quick recap post!
Full Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday
Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron
Full Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday
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TigerBisKuat
TigerBisKuat
·
2022-04-28
number 7 and 9 are the same?
Tiger Chart｜10 Warren Buffett Quotes
Legendary investor and CEO of Berkshire Hathaway Warren Buffett has plenty to share. Through his let
Tiger Chart｜10 Warren Buffett Quotes
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TigerBisKuat
TigerBisKuat
·
2022-04-27
thanks author/admin for the effort of drafting this Post.
Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline
The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned
Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline
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Professional traders hate risk and love ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>This is a technical analysis article on the SPY ETF. Professional traders hate risk and love "sure things." Why? Because trading is risky enough. They prefer to make money the easy way.</li><li>They are always on the search for contrarian trades that are a "slam dunk." Why? Because they don't want to be fired for being wrong.</li><li>They love being right all the time and getting big, fat bonuses at year end.</li><li>So what is a slam dunk in this bear market? Knowing that the Fed is in a bind and has to take the economy down which creates the bear market we trade.</li><li>What is the slam dunk rule? Buy puts or some other short strategy after every bounce, until the bottom bounce, which is still a very long way off.</li></ul><p>The easiest way to make money in a bear market (NYSEARCA:SPY) is to short every bounce as long as there is no bottom in place. There is no bottom in place yet for this market. TheSPY is targeting a retest of $364 and there is no indication that $364 is the bottom. The SPY could still go lower, based on the bind the Fed is in, because the Fed is targeting a 2.2% inflation rate. That is a long way off, and so is the bottoming process in the SPY determined by that Fed target.</p><p><b>Isn't Trading Very Risky?</b></p><p>Trading is risky enough, so the only way to reduce risk is to find slam dunk trades. To do that with any stock or the market, traders look for "research" that gives them the lowest risk, successful trade. That "insightful information" is hard to come by usually. However, in the case of this bear market, everyone has that insight, because the Fed is giving it free to everyone. Fed Chairman Powell just warned of the "pain" that is coming to bring inflation down.</p><p>Because the economy was running hot, with very high employment and very high inflation, the Fed has told us what they are going to do. Even if the Fed did not tell us, it was easy to see what they would have to do. With that knowledge we know this bear market will continue until it bottoms. With that obvious conclusion, we can find a way to make money in this bear market.</p><p>What's An Example Of A Successful Trade?</p><p>Friday was a good example of a bear market bounce where you could make money shorting. We actually provided a minute by minute description of the bounce on Friday morning, using our live charting system with comments. We watched the day traders short it on the opening gap. Then we watched it going up to be stopped by resistance.</p><p>For those subscribers that missed the live comments, we published an article as the bounce reached its top. We bought puts and we are still holding them. We are sitting on a nice profit because the bounce failed and then dropped back to the $392 support level. We have discussed this level frequently.</p><p><b>Where Is The Bottom Of This Bear Market?</b></p><p>We don't expect the support at $392 to hold and we don't expect another bounce from this level. Our short term target for the SPY is $388. As discussed here in previous articles, our longer term target is a retest of $364 and it could go lower to find a new bottom. Thus you can see why we are buying November, out of the money, puts to make easy money, as this bear market continues for the foreseeable future. The end of the recent big bounce up failed at $428 resistance, and we don't expect another big bounce until we retest $364 or from a lower bottom.</p><p><b>How Do The Pros Make Money In A Bear Market?</b></p><p>The professionals know all of this and are coining money on these slam dunk bounces. They are buying the S&P VIX Index (VIX) or the ProShares UltraShort S&P 500 (SDS) which go up when the market goes down. They are selling calls on their stock portfolios or buying puts like us. (Our Model Portfolio is in cash so we cannot sell calls) The professionals know how to make money in a bear market and so do we.</p><p>Everyone knows the rule: buy the dips and sell the tops. It works both in a bull market and in a bear market, as happened on Friday. Only the day-traders caught a little bit of the bounce, because they don't last long in a bear market. However, the dives, from the top of the bounce last much longer in a bear market and this is where the easy money is made by shorting or buying puts or buying the SDS.</p><p><b>When Was The Sell Signal On Friday's Bounce?</b></p><p>Here is the 5-minute chart showing the rise and fall of this bounce on Friday and how we called it minute by minute on our live charts for our subscribers.</p><p><img src=\"https://static.tigerbbs.com/15c79d5b3e782f9684a0f803719b0f4b\" tg-width=\"640\" tg-height=\"784\" referrerpolicy=\"no-referrer\"/></p><p>Buying Puts At The Top Of The Bounce (StockCharts.com)</p><p>Here are the minute by minute comments we gave our subscribers as we commented on the live charts. We signed off to publish the sell signal in an article to our subscribers and then to buy our puts.</p><p><i>9:55 am the day traders shorted the top but failed to fill the gap by covering early. I am still looking before the gap to be filled</i></p><p><i>10:27 surprising retest of 400 and I think another chance to short at 400 -401 price resistance especially on Friday in a bear market and holiday weekend when everyone goes home early especially daytraders</i></p><p><i>10:34 at 400.72 looking for sell signal, overbought, At price resistance, daytraders usually short</i></p><p><i>10:41 at 401.12 RSI overbought waiting for the breakdown sell signal by day traders.</i></p><p><i>10:46 at 401 toppy candlesticks inviting daytraders to short but they are waiting for RSI to turn down.</i></p><p><i>10:50 red candlestick, waiting for RSI breakdown for red vertical line</i></p><p><i>10:53 here come the sellers at 400, red vertical line now.</i></p><p><i>11:08 signing off, bye bye with this red vertical sell signal in place</i></p><p>As you can see on the above chart, the first RSI sell signal, at the top of the chart where we put the vertical red line, was a head fake. After filling the gap by taking price down, the day-traders then took it back up to the final wall of resistance at $401. The second vertical, red line, sell signal proved to be correct. That is where we ended our comments and wrote an article to our subscribers. Then we bought our puts as the RSI continued down, unlike the head fake, first red, vertical line. Our put position has a nice gain and is still open.</p><p><b>What's Ahead In The Coming Weeks?</b></p><p>So much for day-trading. Most of us are interested in what the weekly chart is telling us longer term about this market. It is not a pretty picture. As you can see, all the signals have turned down on the chart. This indicates to us, weeks of selling ahead that will take the SPY down to retest $364.</p><p>September is usually a terrible month according to the<i>Stock Traders Almanac</i>, which provides all the historical data on the market. To help things along, we have the Fed "pain" announcement coming on September 18th. We think the market bottoms in October and then we start the best six months for the stock market. In May we may finally see the bottom of this bear market.</p><p>Here is the weekly chart:</p><p><img src=\"https://static.tigerbbs.com/4b8c6b84f3e7b149c95d54de0b1f6f8d\" tg-width=\"640\" tg-height=\"784\" referrerpolicy=\"no-referrer\"/></p><p>SPY Targeting $364 (StockCharts.com)</p><p><b>Conclusion</b></p><p>The weekly chart has lagging, but more reliable signals than the daily chart. In other words, these signals do not reverse as quickly as the daily chart. We expect the negative trend of all these sell signals to continue for the coming weeks, still targeting $364. We will be shorting any bounce such as happened on Friday and you can tune in with our free trial.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPY: Making Money In A Bear Market (Technical Analysis)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPY: Making Money In A Bear Market (Technical Analysis)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:00 GMT+8 <a href=https://seekingalpha.com/article/4538914-spy-making-money-bear-market-technical-analysis><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThis is a technical analysis article on the SPY ETF. Professional traders hate risk and love \"sure things.\" Why? Because trading is risky enough. They prefer to make money the easy way.They are...</p>\n\n<a href=\"https://seekingalpha.com/article/4538914-spy-making-money-bear-market-technical-analysis\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4538914-spy-making-money-bear-market-technical-analysis","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140356635","content_text":"SummaryThis is a technical analysis article on the SPY ETF. Professional traders hate risk and love \"sure things.\" Why? Because trading is risky enough. They prefer to make money the easy way.They are always on the search for contrarian trades that are a \"slam dunk.\" Why? Because they don't want to be fired for being wrong.They love being right all the time and getting big, fat bonuses at year end.So what is a slam dunk in this bear market? Knowing that the Fed is in a bind and has to take the economy down which creates the bear market we trade.What is the slam dunk rule? Buy puts or some other short strategy after every bounce, until the bottom bounce, which is still a very long way off.The easiest way to make money in a bear market (NYSEARCA:SPY) is to short every bounce as long as there is no bottom in place. There is no bottom in place yet for this market. TheSPY is targeting a retest of $364 and there is no indication that $364 is the bottom. The SPY could still go lower, based on the bind the Fed is in, because the Fed is targeting a 2.2% inflation rate. That is a long way off, and so is the bottoming process in the SPY determined by that Fed target.Isn't Trading Very Risky?Trading is risky enough, so the only way to reduce risk is to find slam dunk trades. To do that with any stock or the market, traders look for \"research\" that gives them the lowest risk, successful trade. That \"insightful information\" is hard to come by usually. However, in the case of this bear market, everyone has that insight, because the Fed is giving it free to everyone. Fed Chairman Powell just warned of the \"pain\" that is coming to bring inflation down.Because the economy was running hot, with very high employment and very high inflation, the Fed has told us what they are going to do. Even if the Fed did not tell us, it was easy to see what they would have to do. With that knowledge we know this bear market will continue until it bottoms. With that obvious conclusion, we can find a way to make money in this bear market.What's An Example Of A Successful Trade?Friday was a good example of a bear market bounce where you could make money shorting. We actually provided a minute by minute description of the bounce on Friday morning, using our live charting system with comments. We watched the day traders short it on the opening gap. Then we watched it going up to be stopped by resistance.For those subscribers that missed the live comments, we published an article as the bounce reached its top. We bought puts and we are still holding them. We are sitting on a nice profit because the bounce failed and then dropped back to the $392 support level. We have discussed this level frequently.Where Is The Bottom Of This Bear Market?We don't expect the support at $392 to hold and we don't expect another bounce from this level. Our short term target for the SPY is $388. As discussed here in previous articles, our longer term target is a retest of $364 and it could go lower to find a new bottom. Thus you can see why we are buying November, out of the money, puts to make easy money, as this bear market continues for the foreseeable future. The end of the recent big bounce up failed at $428 resistance, and we don't expect another big bounce until we retest $364 or from a lower bottom.How Do The Pros Make Money In A Bear Market?The professionals know all of this and are coining money on these slam dunk bounces. They are buying the S&P VIX Index (VIX) or the ProShares UltraShort S&P 500 (SDS) which go up when the market goes down. They are selling calls on their stock portfolios or buying puts like us. (Our Model Portfolio is in cash so we cannot sell calls) The professionals know how to make money in a bear market and so do we.Everyone knows the rule: buy the dips and sell the tops. It works both in a bull market and in a bear market, as happened on Friday. Only the day-traders caught a little bit of the bounce, because they don't last long in a bear market. However, the dives, from the top of the bounce last much longer in a bear market and this is where the easy money is made by shorting or buying puts or buying the SDS.When Was The Sell Signal On Friday's Bounce?Here is the 5-minute chart showing the rise and fall of this bounce on Friday and how we called it minute by minute on our live charts for our subscribers.Buying Puts At The Top Of The Bounce (StockCharts.com)Here are the minute by minute comments we gave our subscribers as we commented on the live charts. We signed off to publish the sell signal in an article to our subscribers and then to buy our puts.9:55 am the day traders shorted the top but failed to fill the gap by covering early. I am still looking before the gap to be filled10:27 surprising retest of 400 and I think another chance to short at 400 -401 price resistance especially on Friday in a bear market and holiday weekend when everyone goes home early especially daytraders10:34 at 400.72 looking for sell signal, overbought, At price resistance, daytraders usually short10:41 at 401.12 RSI overbought waiting for the breakdown sell signal by day traders.10:46 at 401 toppy candlesticks inviting daytraders to short but they are waiting for RSI to turn down.10:50 red candlestick, waiting for RSI breakdown for red vertical line10:53 here come the sellers at 400, red vertical line now.11:08 signing off, bye bye with this red vertical sell signal in placeAs you can see on the above chart, the first RSI sell signal, at the top of the chart where we put the vertical red line, was a head fake. After filling the gap by taking price down, the day-traders then took it back up to the final wall of resistance at $401. The second vertical, red line, sell signal proved to be correct. That is where we ended our comments and wrote an article to our subscribers. Then we bought our puts as the RSI continued down, unlike the head fake, first red, vertical line. Our put position has a nice gain and is still open.What's Ahead In The Coming Weeks?So much for day-trading. Most of us are interested in what the weekly chart is telling us longer term about this market. It is not a pretty picture. As you can see, all the signals have turned down on the chart. This indicates to us, weeks of selling ahead that will take the SPY down to retest $364.September is usually a terrible month according to theStock Traders Almanac, which provides all the historical data on the market. To help things along, we have the Fed \"pain\" announcement coming on September 18th. We think the market bottoms in October and then we start the best six months for the stock market. In May we may finally see the bottom of this bear market.Here is the weekly chart:SPY Targeting $364 (StockCharts.com)ConclusionThe weekly chart has lagging, but more reliable signals than the daily chart. In other words, these signals do not reverse as quickly as the daily chart. We expect the negative trend of all these sell signals to continue for the coming weeks, still targeting $364. We will be shorting any bounce such as happened on Friday and you can tune in with our free trial.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998613362,"gmtCreate":1660977647058,"gmtModify":1676536434650,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"The Apes will Hodl with diamond hands no matter what despite having down 50%!","listText":"The Apes will Hodl with diamond hands no matter what despite having down 50%!","text":"The Apes will Hodl with diamond hands no matter what despite having down 50%!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998613362","repostId":"1179796338","repostType":2,"repost":{"id":"1179796338","kind":"news","pubTimestamp":1660955396,"share":"https://ttm.financial/m/news/1179796338?lang=&edition=fundamental","pubTime":"2022-08-20 08:29","market":"us","language":"en","title":"Ryan Cohen Just Dumped Bed Bath & Beyond. Could GameStop Be Next?","url":"https://stock-news.laohu8.com/highlight/detail?id=1179796338","media":"Barrons","summary":"So much for diamond hands.Ryan Cohen, meme stock cheerleader extraordinaire, just did something that","content":"<html><head></head><body><p>So much for diamond hands.</p><p>Ryan Cohen, meme stock cheerleader extraordinaire, just did something that no self-respecting Reddit trader would do: He sold his entire stake in Bed Bath & Beyond.</p><p>The decision to sell may have been a smart one. Cohen first bought Bed Bath & Beyond’s stock at $15.34 a share, only to watch the stock tumble below $5. Losing about two-thirds of your money on a trade is never great, even when you are a billionaire.</p><p>Then Bed Bath & Beyond went parabolic. The stock surged more than 400% from June 26 through Aug. 17, and Cohen did what any smart investor would do—he sold everything. That turned what could have been a sizable loss into a sizable gain of about $60 million.</p><p>The decision makes all kinds of sense, particularly with the stock down more than 40% on Friday. Wells Fargo analyst Zachary Fadem noted Thursday that Bed Bath shares had spiked even as the company likely was seeing more weakness during its second quarter as foot traffic in its stores dropped. Bed Bath & Beyond even had to release a statement saying that it was taking steps to strengthen its balance sheet as the amount of cash it has on hand became alarmingly low.</p><p>“[We] believe the writing is on the wall that BBBY shares have again decoupled from economic reality,” Fadem wrote.</p><p>Turning the company around has likely proven tougher than Cohen thought when he first bought his stake. UBS analyst Michael Lasser, who has a Sell rating on the stock, noted that the current retail environment isn’t going to help Bed Bath & Beyond as it tries to turn its business around.</p><p>“The reads from the retailers who reported this week is that the consumer spending environment has become more volatile in recent weeks,” he wrote. “Plus, the categories that experienced sharp spikes in demand in the last couple of years like grills, small appliances, and others have sharply receded. These conditions won’t make it easier for Bed Bath to effectuate a turnaround.“</p><p>All this is perfectly rational, but by selling Cohen broke the cardinal rule of meme trading—you never sell. These so-called diamond hands are supposed to be able to handle all the pressure, no matter the amount of volatility. Cohen didn’t, though, and that has to raise the prospects that he might at some point decide that it’s prudent to take profits in his much more successful trade—GameStop (GME). GameStop stock, down 3.8% to $36.49 in trading Friday, but remains in the range between $25 and $50 it has settled into this year. The remaining diamond hands, though, will surely be tested if it breaks below $25.</p><p>In a market this volatile, however, does it even make sense to buy and hold forever, especially in companies that hardly meet the definition of high quality? If Cohen is anything to go by, diamond hands may soon be a thing of the past.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ryan Cohen Just Dumped Bed Bath & Beyond. Could GameStop Be Next?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRyan Cohen Just Dumped Bed Bath & Beyond. Could GameStop Be Next?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-20 08:29 GMT+8 <a href=https://www.barrons.com/articles/ryan-cohen-bed-bath-beyond-gamestop-stock-price-51660915976?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So much for diamond hands.Ryan Cohen, meme stock cheerleader extraordinaire, just did something that no self-respecting Reddit trader would do: He sold his entire stake in Bed Bath & Beyond.The ...</p>\n\n<a href=\"https://www.barrons.com/articles/ryan-cohen-bed-bath-beyond-gamestop-stock-price-51660915976?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","BBBY":"Bed Bath & Beyond, Inc."},"source_url":"https://www.barrons.com/articles/ryan-cohen-bed-bath-beyond-gamestop-stock-price-51660915976?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179796338","content_text":"So much for diamond hands.Ryan Cohen, meme stock cheerleader extraordinaire, just did something that no self-respecting Reddit trader would do: He sold his entire stake in Bed Bath & Beyond.The decision to sell may have been a smart one. Cohen first bought Bed Bath & Beyond’s stock at $15.34 a share, only to watch the stock tumble below $5. Losing about two-thirds of your money on a trade is never great, even when you are a billionaire.Then Bed Bath & Beyond went parabolic. The stock surged more than 400% from June 26 through Aug. 17, and Cohen did what any smart investor would do—he sold everything. That turned what could have been a sizable loss into a sizable gain of about $60 million.The decision makes all kinds of sense, particularly with the stock down more than 40% on Friday. Wells Fargo analyst Zachary Fadem noted Thursday that Bed Bath shares had spiked even as the company likely was seeing more weakness during its second quarter as foot traffic in its stores dropped. Bed Bath & Beyond even had to release a statement saying that it was taking steps to strengthen its balance sheet as the amount of cash it has on hand became alarmingly low.“[We] believe the writing is on the wall that BBBY shares have again decoupled from economic reality,” Fadem wrote.Turning the company around has likely proven tougher than Cohen thought when he first bought his stake. UBS analyst Michael Lasser, who has a Sell rating on the stock, noted that the current retail environment isn’t going to help Bed Bath & Beyond as it tries to turn its business around.“The reads from the retailers who reported this week is that the consumer spending environment has become more volatile in recent weeks,” he wrote. “Plus, the categories that experienced sharp spikes in demand in the last couple of years like grills, small appliances, and others have sharply receded. These conditions won’t make it easier for Bed Bath to effectuate a turnaround.“All this is perfectly rational, but by selling Cohen broke the cardinal rule of meme trading—you never sell. These so-called diamond hands are supposed to be able to handle all the pressure, no matter the amount of volatility. Cohen didn’t, though, and that has to raise the prospects that he might at some point decide that it’s prudent to take profits in his much more successful trade—GameStop (GME). GameStop stock, down 3.8% to $36.49 in trading Friday, but remains in the range between $25 and $50 it has settled into this year. The remaining diamond hands, though, will surely be tested if it breaks below $25.In a market this volatile, however, does it even make sense to buy and hold forever, especially in companies that hardly meet the definition of high quality? If Cohen is anything to go by, diamond hands may soon be a thing of the past.","news_type":1,"symbols_score_info":{"GME":0.9,"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":1343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998982241,"gmtCreate":1660918925587,"gmtModify":1676536423389,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"just hold BBBY, it will hit to the moon! altho im down 50% for now","listText":"just hold BBBY, it will hit to the moon! altho im down 50% for now","text":"just hold BBBY, it will hit to the moon! altho im down 50% for now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998982241","isVote":1,"tweetType":1,"viewCount":1539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993256100,"gmtCreate":1660696482202,"gmtModify":1676536380874,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993256100","repostId":"1190837880","repostType":2,"repost":{"id":"1190837880","kind":"news","pubTimestamp":1660694245,"share":"https://ttm.financial/m/news/1190837880?lang=&edition=fundamental","pubTime":"2022-08-17 07:57","market":"us","language":"en","title":"Why Is Bed Bath & Beyond Stock Up 29% Tuesday?","url":"https://stock-news.laohu8.com/highlight/detail?id=1190837880","media":"InvestorPlace","summary":"Bed Bath & Beyond stock is soaring 29% today amid surging retail investor interest.A large call opti","content":"<div>\n<p>Bed Bath & Beyond stock is soaring 29% today amid surging retail investor interest.A large call options bet placed by GameStop(GME) chairman Ryan Cohen has sparked additional interest.If held to ...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-is-bed-bath-beyond-bbby-stock-up-60-today/\">Web Link</a>\n\n</div>\n","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Bed Bath & Beyond Stock Up 29% Tuesday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Bed Bath & Beyond Stock Up 29% Tuesday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 07:57 GMT+8 <a href=https://investorplace.com/2022/08/why-is-bed-bath-beyond-bbby-stock-up-60-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bed Bath & Beyond stock is soaring 29% today amid surging retail investor interest.A large call options bet placed by GameStop(GME) chairman Ryan Cohen has sparked additional interest.If held to ...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-is-bed-bath-beyond-bbby-stock-up-60-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"Bed Bath & Beyond, Inc."},"source_url":"https://investorplace.com/2022/08/why-is-bed-bath-beyond-bbby-stock-up-60-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190837880","content_text":"Bed Bath & Beyond stock is soaring 29% today amid surging retail investor interest.A large call options bet placed by GameStop(GME) chairman Ryan Cohen has sparked additional interest.If held to expiry, Cohen's bets only pay off if BBBY stock hits the $60 to $80 range by January.This meme stock rally may have more room to run, considering today’s price action across a range of high-profile meme stocks. At the time of this writing, Bed Bath & Beyond stock in particular is appreciating 29%. In fact, at today’s highs, BBBY stock actually soared more than 75%. This incredible move comes as retail investors digest an intriguing move from GameStop (NYSE:GME) chairman Ryan Cohen.Cohen just loaded up on Bed Bath & Beyond call options. Via a regulatory filing yesterday, Ryan Cohen’s RC Ventures made a big bet on BBBY stock hitting very high price targets. These targets range from the $60 to $80 level, meaning Cohen could lose the entirety of his bet if shares fail to trade at these levels by the January 2023 expiry.Cohen’s bet isn’t insignificant, with the call options placed at very out-of-the-money levels. Today’s surge has certainly propelled the value of Cohen’s bet higher, too, although it’s unclear whether he intends to hold the options to expiry or not.Let’s dive into what investors should make of this intriguing BBBY stock bet.BBBY Stock Soars on Retail Investor InterestThe interesting thing about the recent surge in BBBY stock is that most of the gains have occurred in August. The 13-F filing that was released was for positions entered into before July 31. Accordingly, Ryan Cohen appears to have made this bet before it was popular to do so.This fact appears to have encouraged retail investors to continue to double down, with call options flying for Bed Bath & Beyond. Still a troubled retailer, investors looking for outsized short-term gains appear to be far outnumbering fundamentals-oriented investors. As such, it will be interesting to see how long this move can last.Short interest remains high in BBBY stock — and it will likely remain high if the stock stays detached from fundamentals. That said, near-term short covering can potentially lead to a short squeeze, which is what investors are after.It’s unclear how long Ryan Cohen will hold onto this speculative bet. However, he has been right on other short squeezes in the past. Accordingly, retail investors seem to be taking the bet as a sign more upside is on the horizon. If anything, Bed Bath & Beyond will be a fun stock to watch from here.","news_type":1,"symbols_score_info":{"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":1858,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999399831,"gmtCreate":1660459148125,"gmtModify":1676533475326,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"llittttt","listText":"llittttt","text":"llittttt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999399831","repostId":"2259268147","repostType":2,"repost":{"id":"2259268147","kind":"highlight","pubTimestamp":1660443357,"share":"https://ttm.financial/m/news/2259268147?lang=&edition=fundamental","pubTime":"2022-08-14 10:15","market":"us","language":"en","title":"How to Make 300% in the Stock Market Without Really Trying","url":"https://stock-news.laohu8.com/highlight/detail?id=2259268147","media":"InvestorPlace","summary":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And","content":"<div>\n<p>In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the ...</p>\n\n<a href=\"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/\">Web Link</a>\n\n</div>\n","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Make 300% in the Stock Market Without Really Trying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Make 300% in the Stock Market Without Really Trying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-14 10:15 GMT+8 <a href=https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the ...</p>\n\n<a href=\"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4016":"铁路","LUV":"西南航空","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","BK4532":"文艺复兴科技持仓","VZ":"Verizon Comms","BK4581":"高盛持仓","CP":"加拿大太平洋铁路","BK4500":"航空公司","BK4534":"瑞士信贷持仓","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4115":"综合电信业务","DAL":"达美航空","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4190":"消闲用品","BK4132":"无线电信业务","BK4515":"5G概念","CSX":"CSX运输","BK4559":"巴菲特持仓","QID":"两倍做空纳斯达克指数ETF-ProShares","BK4549":"软银资本持仓","BK4520":"美国基建股","BK4550":"红杉资本持仓","BK4008":"航空公司","UAL":"联合大陆航空","TMUS":"T-Mobile US Inc","BK4507":"流媒体概念","BK4561":"索罗斯持仓",".IXIC":"NASDAQ Composite","BTU":"Peabody","VSTO":"Vista Outdoor Inc","T":"At&T","TQQQ":"纳指三倍做多ETF","BK4156":"煤与消费用燃料","PSQ":"做空纳斯达克100指数ETF-ProShares"},"source_url":"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259268147","content_text":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the airline industry. Ammunition in 2020. And coal in 2021.In each of these cases, a “terrible” industry would see profits rise 5x… 10x… 20x… after bankruptcies, liquidations and mergers left the industry with few remaining players. It’s a wellspring of easy profits.The strategy only works every several years; industry consolidation doesn’t happen all the time.But when it does happen, investors can outperform the market. And today, one new industry is teasing 300% returns. Read on to find which one.And if you enjoy this article, click here to subscribe to Tom Yeung’s Profit & Protection to get the latest updates in your inbox.Exploiting Inefficient MarketsThe reason for airline outperformance was simple:Markets are efficient vehicles for gathering consensus market views……but consensus views are sometimes slow to change, especially with consolidating industries.In the case of airlines, investors “knew” it was a terrible industry.“For 100 years, airline transport has not been a good business,” Warren Buffett said in a 2013 interview on CNBC. “A seat on an airliner as a commodity to a great extent.”But managers with billion-dollar funds often can’t see the changes that you and I do. The tight-fisted Mr. Buffett flies around in a private jet he once named “The Indefensible.” And how would an analyst sitting in Wall Street’s glass buildings (as I once did) know the price of a gallon of milk? Even I almost missed the rise of airline fares.Yet, these Wall Street blind spots create enormous buying opportunities.Railways. Companies like Canadian Pacific Railway (NYSE:CP) rose +600% between 2009-2014.Ammunition. Bullet-maker Vista Outdoors (NYSE:VSTO) jumped +550% between 2020-2021.Coal. Near-bankrupt miner Peabody Energy (NYSE:BTU) skyrocketed +900% between 2021-2022In each of these instances, a “Main Street” industry would suddenly become a superstar winner because of one word:Consolidation.In the case of airlines, mega-mergers between top players meant that the top 4 carriers controlled two-thirds of the industry by 2013. Delta (NYSE:DAL) would make up 80% of all flights from Atlanta’s Hartsfield-Jackson airport that year.In rail, these same forces would turn a struggling industry into one of America’s most profitable sectors. Only seven Class I freight railroads exist today, down from 33 in 1980. And concentration in specific sectors is higher; two railroads now originate 65% of all U.S. grain.These changes are apparent to anyone who works in the business. Try to buy ammunition at your local gun store, and you’ll have a choice between two manufacturers. Shells now easily cost over a dollar per round. And at the grocery store, our choice of meat and prepackaged bread is an illusion. 2-3 companies now own dozens of brands on store shelves.Observant investors will notice these things in everyday life.Meanwhile, outsiders on Wall Street are often slow in responding to these tectonic shifts, especially when they’re happening far away from the glass high-rise offices of Manhattan or Omaha.Beating the Street at Its Own GameThere are three ingredients to these hidden gems:A “Hated” Industry. A history of low returns, poor growth and high capital requirements will set the stage for cheap stock prices.Consolidation. Mergers, acquisitions and bankruptcies that give the remaining players pricing power.Essential Goods. Sectors that produce goods that are difficult or impossible to substitute.And today, one sector stands out as the next big winner:Telecom.From Four to ThreeAsk any Wall Street investor about telecom, and watch them respond with a mix of apathy and disgust. The iShares Global Communication Services ETF (NYSEARCA:IXP) has risen just 7% since 2005, underperforming every other sector of the Global Industry Classification Standard (GICS).There’s a good reason for the dismal performance. For years, America’s telecom firms have fought in a seven-way battle. The two top players AT&T (NYSE:T) and Verizon (NYSE:VZ) competed against upstarts Sprint and T-Mobile (NASDAQ:TMUS), along with smaller players Leap, MetroPCS and U.S. Cellular (NYSE:USM).It was a recipe for disaster. High capital expenditure, changing technologies and a massive country to cover meant that firms like Verizon could sink $20 billion per year since 2000 into capital investment and still see end-user prices stagnate.Put another way, my $40-per-month cell phone bill had barely budged in the 20 years leading up to 2020But that also gives telecom the perfect setup for 300% gains.Since 2011, the number of wireless providers has shrunk from seven to four. And with U.S. Cellular’s market share dropping to 1%, the wireless industry has become a three-way race.Prices have already started creeping up. The cheapest plan from T-Mobile for a single line now costs $70 after taxes and fees, reversing years of price declines. According to the BLS, spending on cell phone services finally stopped falling in 2020.“A stable competitive market never has more than three significant competitors,” BCG founder Bruce Henderson noted in 1976. The “rule of three” eventually makes it “neither practical nor advantageous for either competitor to increase or decrease share.”In other words, telecom is no longer a race to the bottom.Which Telecom Stock Should You Buy?So, why do I say investors can make 300% with virtually no effort?That’s because there’s no need for fancy 3-stage DCF models……Complicated intrinsic value calculations……Or reading the tea leaves of management guidance.That’s because when industries consolidate, all companies gain.For airlines in 2013, investors could have easily made the same high returns on Southwest (NYSE:LUV), United (NASDAQ:UAL) or Hawaiian (NASDAQ:HA).Similarly, telecom’s three remaining players – AT&T, Verizon and T-Mobile – all stand to profit. Even though Profit & Protection has highlighted AT&T for its cheapest starting price, the trio all provide the same essential wireless services, and all have begun flexing their oligopolistic pricing power.Bottom line: buy AT&T if you only pick one telecom, but all three should outperform over the next decade.Some Patience Required… Consolidation plays are phenomenal for their high batting average and relative safety. AT&T has a 6% dividend yield, one of the highest rates for a blue-chip stock.The strategy, however, can take years to play out. Freight railroad CSX (NASDAQ:CSX) took over a decade to rise 10x.That means high-frequency traders are better off buying high-beta momentum stocks listed in Tuesday’s newsletter. But if you are willing to wait for returns without really trying, then AT&T and the telecom industry provides a stunningly attractive play.","news_type":1,"symbols_score_info":{"UAL":1,"QID":0.6,"PSQ":0.6,"QQQ":0.6,"USM":1,"HA":1,"QLD":0.6,"CP":1,"VZ":1,"TQQQ":0.6,"LUV":1,"DAL":1,"NQmain":0.6,"BTU":1,"VSTO":1,".IXIC":0.72,"MNQmain":0.6,"SQQQ":0.6,"TMUS":1,"T":1,"CSX":1}},"isVote":1,"tweetType":1,"viewCount":1802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999399967,"gmtCreate":1660459143062,"gmtModify":1676533475317,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999399967","repostId":"2259268147","repostType":2,"repost":{"id":"2259268147","kind":"highlight","pubTimestamp":1660443357,"share":"https://ttm.financial/m/news/2259268147?lang=&edition=fundamental","pubTime":"2022-08-14 10:15","market":"us","language":"en","title":"How to Make 300% in the Stock Market Without Really Trying","url":"https://stock-news.laohu8.com/highlight/detail?id=2259268147","media":"InvestorPlace","summary":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And","content":"<div>\n<p>In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the ...</p>\n\n<a href=\"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/\">Web Link</a>\n\n</div>\n","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Make 300% in the Stock Market Without Really Trying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Make 300% in the Stock Market Without Really Trying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-14 10:15 GMT+8 <a href=https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the ...</p>\n\n<a href=\"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4016":"铁路","LUV":"西南航空","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","BK4532":"文艺复兴科技持仓","VZ":"Verizon Comms","BK4581":"高盛持仓","CP":"加拿大太平洋铁路","BK4500":"航空公司","BK4534":"瑞士信贷持仓","QLD":"2倍做多纳斯达克100指数ETF-ProShares","BK4115":"综合电信业务","DAL":"达美航空","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4190":"消闲用品","BK4132":"无线电信业务","BK4515":"5G概念","CSX":"CSX运输","BK4559":"巴菲特持仓","QID":"两倍做空纳斯达克指数ETF-ProShares","BK4549":"软银资本持仓","BK4520":"美国基建股","BK4550":"红杉资本持仓","BK4008":"航空公司","UAL":"联合大陆航空","TMUS":"T-Mobile US Inc","BK4507":"流媒体概念","BK4561":"索罗斯持仓",".IXIC":"NASDAQ Composite","BTU":"Peabody","VSTO":"Vista Outdoor Inc","T":"At&T","TQQQ":"纳指三倍做多ETF","BK4156":"煤与消费用燃料","PSQ":"做空纳斯达克100指数ETF-ProShares"},"source_url":"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259268147","content_text":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the airline industry. Ammunition in 2020. And coal in 2021.In each of these cases, a “terrible” industry would see profits rise 5x… 10x… 20x… after bankruptcies, liquidations and mergers left the industry with few remaining players. It’s a wellspring of easy profits.The strategy only works every several years; industry consolidation doesn’t happen all the time.But when it does happen, investors can outperform the market. And today, one new industry is teasing 300% returns. Read on to find which one.And if you enjoy this article, click here to subscribe to Tom Yeung’s Profit & Protection to get the latest updates in your inbox.Exploiting Inefficient MarketsThe reason for airline outperformance was simple:Markets are efficient vehicles for gathering consensus market views……but consensus views are sometimes slow to change, especially with consolidating industries.In the case of airlines, investors “knew” it was a terrible industry.“For 100 years, airline transport has not been a good business,” Warren Buffett said in a 2013 interview on CNBC. “A seat on an airliner as a commodity to a great extent.”But managers with billion-dollar funds often can’t see the changes that you and I do. The tight-fisted Mr. Buffett flies around in a private jet he once named “The Indefensible.” And how would an analyst sitting in Wall Street’s glass buildings (as I once did) know the price of a gallon of milk? Even I almost missed the rise of airline fares.Yet, these Wall Street blind spots create enormous buying opportunities.Railways. Companies like Canadian Pacific Railway (NYSE:CP) rose +600% between 2009-2014.Ammunition. Bullet-maker Vista Outdoors (NYSE:VSTO) jumped +550% between 2020-2021.Coal. Near-bankrupt miner Peabody Energy (NYSE:BTU) skyrocketed +900% between 2021-2022In each of these instances, a “Main Street” industry would suddenly become a superstar winner because of one word:Consolidation.In the case of airlines, mega-mergers between top players meant that the top 4 carriers controlled two-thirds of the industry by 2013. Delta (NYSE:DAL) would make up 80% of all flights from Atlanta’s Hartsfield-Jackson airport that year.In rail, these same forces would turn a struggling industry into one of America’s most profitable sectors. Only seven Class I freight railroads exist today, down from 33 in 1980. And concentration in specific sectors is higher; two railroads now originate 65% of all U.S. grain.These changes are apparent to anyone who works in the business. Try to buy ammunition at your local gun store, and you’ll have a choice between two manufacturers. Shells now easily cost over a dollar per round. And at the grocery store, our choice of meat and prepackaged bread is an illusion. 2-3 companies now own dozens of brands on store shelves.Observant investors will notice these things in everyday life.Meanwhile, outsiders on Wall Street are often slow in responding to these tectonic shifts, especially when they’re happening far away from the glass high-rise offices of Manhattan or Omaha.Beating the Street at Its Own GameThere are three ingredients to these hidden gems:A “Hated” Industry. A history of low returns, poor growth and high capital requirements will set the stage for cheap stock prices.Consolidation. Mergers, acquisitions and bankruptcies that give the remaining players pricing power.Essential Goods. Sectors that produce goods that are difficult or impossible to substitute.And today, one sector stands out as the next big winner:Telecom.From Four to ThreeAsk any Wall Street investor about telecom, and watch them respond with a mix of apathy and disgust. The iShares Global Communication Services ETF (NYSEARCA:IXP) has risen just 7% since 2005, underperforming every other sector of the Global Industry Classification Standard (GICS).There’s a good reason for the dismal performance. For years, America’s telecom firms have fought in a seven-way battle. The two top players AT&T (NYSE:T) and Verizon (NYSE:VZ) competed against upstarts Sprint and T-Mobile (NASDAQ:TMUS), along with smaller players Leap, MetroPCS and U.S. Cellular (NYSE:USM).It was a recipe for disaster. High capital expenditure, changing technologies and a massive country to cover meant that firms like Verizon could sink $20 billion per year since 2000 into capital investment and still see end-user prices stagnate.Put another way, my $40-per-month cell phone bill had barely budged in the 20 years leading up to 2020But that also gives telecom the perfect setup for 300% gains.Since 2011, the number of wireless providers has shrunk from seven to four. And with U.S. Cellular’s market share dropping to 1%, the wireless industry has become a three-way race.Prices have already started creeping up. The cheapest plan from T-Mobile for a single line now costs $70 after taxes and fees, reversing years of price declines. According to the BLS, spending on cell phone services finally stopped falling in 2020.“A stable competitive market never has more than three significant competitors,” BCG founder Bruce Henderson noted in 1976. The “rule of three” eventually makes it “neither practical nor advantageous for either competitor to increase or decrease share.”In other words, telecom is no longer a race to the bottom.Which Telecom Stock Should You Buy?So, why do I say investors can make 300% with virtually no effort?That’s because there’s no need for fancy 3-stage DCF models……Complicated intrinsic value calculations……Or reading the tea leaves of management guidance.That’s because when industries consolidate, all companies gain.For airlines in 2013, investors could have easily made the same high returns on Southwest (NYSE:LUV), United (NASDAQ:UAL) or Hawaiian (NASDAQ:HA).Similarly, telecom’s three remaining players – AT&T, Verizon and T-Mobile – all stand to profit. Even though Profit & Protection has highlighted AT&T for its cheapest starting price, the trio all provide the same essential wireless services, and all have begun flexing their oligopolistic pricing power.Bottom line: buy AT&T if you only pick one telecom, but all three should outperform over the next decade.Some Patience Required… Consolidation plays are phenomenal for their high batting average and relative safety. AT&T has a 6% dividend yield, one of the highest rates for a blue-chip stock.The strategy, however, can take years to play out. Freight railroad CSX (NASDAQ:CSX) took over a decade to rise 10x.That means high-frequency traders are better off buying high-beta momentum stocks listed in Tuesday’s newsletter. But if you are willing to wait for returns without really trying, then AT&T and the telecom industry provides a stunningly attractive play.","news_type":1,"symbols_score_info":{"UAL":1,"QID":0.6,"PSQ":0.6,"QQQ":0.6,"USM":1,"HA":1,"QLD":0.6,"CP":1,"VZ":1,"TQQQ":0.6,"LUV":1,"DAL":1,"NQmain":0.6,"BTU":1,"VSTO":1,".IXIC":0.72,"MNQmain":0.6,"SQQQ":0.6,"TMUS":1,"T":1,"CSX":1}},"isVote":1,"tweetType":1,"viewCount":1327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063017331,"gmtCreate":1651371532002,"gmtModify":1676534897005,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"thanks for the quick recap post!","listText":"thanks for the quick recap post!","text":"thanks for the quick recap post!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063017331","repostId":"1102313596","repostType":2,"repost":{"id":"1102313596","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651364553,"share":"https://ttm.financial/m/news/1102313596?lang=&edition=fundamental","pubTime":"2022-05-01 08:22","market":"us","language":"en","title":"Full Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday","url":"https://stock-news.laohu8.com/highlight/detail?id=1102313596","media":"Tiger Newspress","summary":"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron","content":"<html><head></head><body><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.”</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation “swindles” equity investors, but noted Saturday that it “swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”</p><p>Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.</p><p>Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoft’s proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader market’s downturn.</p><p>Buffett also stressed the importance of cash as “new forms of money” like bitcoin pop up.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill. “That’s what money is.”</p><p>Check out full recap below for more from the two investing legends.</p><h3><b>Berkshire bought more than $51 billion of stocks during Q1′s market rout</b></h3><p>Berkshire bought more than $51 billion worth of stocks during the first quarter’s market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.</p><p>The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.</p><h3><b>Buffett says Berkshire is “better than the banks”</b></h3><p>Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.</p><p>“Was that a banker screaming?” Buffett joked.</p><h3><b>Buffett warns shareholders about “new forms of money” and the importance of cash</b></h3><p>Warren Buffett warned shareholders about “new forms of money” as he recalled the financial crisis of 2008 and said Berkshire Hathaway will “always have a lot of cash on hand.”</p><p>Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin “rat poison” in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill.</p><p>“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”</p><h3><b>Berkshire put money to work after finding ‘little exciting’ in the market</b></h3><p>In his annual chairman letter to shareholders in February, Warren Buffett said there is “little that excites us” in the market. But soon after, he put Berkshire’s money to work.</p><p>Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshire’s first-quarter filing revealed the company significantly increased its bet on Chevron.</p><p>“We found some things we prefer to owning Treasury bills,” quipped Berkshire vice chairman and Buffett’s right-hand man Charlie Munger.</p><h3><b>Buffett on his massive Occidental investment</b></h3><p>Buffett scooped up 14% of oil giant <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, worth more than $7 billion, in two weeks during March.</p><p>He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.</p><p>“That’s not investment. You’re not buying from [investors]. I find it just incredible. You couldn’t do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,” Buffett said.</p><p>“That enabled us, in a two-week period, to buy 14% of a business that’s been around for decades,” Buffett said. “Imagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and we’ve seen a lot.”</p><p>The legendary investor said that the short-term volatility earlier this year fueled by “gambling mentality” allowed him to find good long-term opportunities.</p><h3><b>Executives of Berkshire’s portfolio companies discuss impact of inflation</b></h3><p>Ahead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.</p><p>One of those executives was Jim Weber, CEO of Brooks Running.</p><p>Weber said it was tough to raise prices for Brooks’ products but that he thinks some of the cost pressures could cool soon.</p><p>“We don’t have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. It’s a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,” Weber said.</p><h3><b>Buffett wants Berkshire to be in a ‘position to operate’ should the economy stop</b></h3><p>Buffett said he wants Berkshire Hathaway to be in a “position to operate” should the economy stop.</p><p>“We want Berkshire Hathaway to be there and in a position to operate if the economy stops,” Buffett said. “And that can always happen, it can always happen.”</p><p>Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.</p><p>The billionaire investor made those remarks while also praising the Federal Reserve’s role during the 2008 financial crisis and the pandemic.</p><p>“The Federal Reserve has not gone,” Buffett said. He added the Fed will “do whatever is necessary. ... That’s what happened in 2008 and 2009, and that’s what happened in 2020, and you’ll hope it happens again next time.”</p><h3><b>Buffett says he has "so much trouble" finding businesses to invest in</b></h3><p>Warren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.</p><p>“We have so much trouble finding good ideas that we can’t afford to ignore any,” Buffett said. “But they do have to be sizable.”</p><p>Buffett said while he does seek out new investments, he prefers to be approached proactively.</p><p>“We’ll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,” Buffett said.</p><h3><b>Munger says today’s stock market "almost a mania of speculation"</b></h3><p>Munger said today’s stock market has become “almost a mania of speculation.”</p><p>His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.</p><p>“We have computers with algorithms trading against other computers,” Munger said. “We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.</p><p>“I understand the commission though,” Buffett joked.</p><p>After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.</p><p>“People and traders’ poker chips are pulling the handle,” he said. “They’ve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobody’s going around selling calls on farms. That’s why markets do crazy things. Occasionally Berkshire gets a chance to do something. It’s not because we’re smarter. … we’re sane, and that’s the main requirement in this business.”</p><h3><b>Munger blasts calls for separate Berkshire chairman and CEO</b></h3><p>Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.</p><p>“It’s the most ridiculous criticism I ever heard,” Munger said.</p><p>“It’s like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, ‘I don’t like the way you were holding your spear when you won that battle,’” he added, referencing ancient Greek epic “The Odyssey.”</p><p>The California Public Employees’ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposal’s aim stems from concerns about corporate governance with one person holding dual roles.</p><p>“Some guy that’s never run any business, doesn’t know anything — I don’t think too much of this activity,” Munger said.</p><h3><b>Berkshire’s head of insurance explains how Geico has fallen behind rival Progressive</b></h3><p>Berkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerate’s insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.</p><p>“Each one have their plusses and minuses, but having said that, there’s no question that recently Progressive has done a much better job than Geico … both in terms of margins and in terms of growth,” Jain said.</p><p>“There are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned … is telematics,” he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.</p><p>“Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn’t involved in telematics,” Jain said. “It’s a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.”</p><p>Jain’s comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.</p><h3><b>Buffett says he has never been "good at timing"</b></h3><p>Warren Buffett said he has never figured out how to time the markets.</p><p>“We haven’t the faintest idea what the stock market was gonna do when it opens on Monday,” Buffett said in response to an audience question.</p><p>“I don’t think we’ve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economy’s going to do. We don’t know,” he continued.</p><p>The Oracle of Omaha said he often gets misplaced credit for the stock winners he’s picked over the years, pointing out he’s also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.</p><p>Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.</p><p>“We have not been good at timing,” Buffett said. “We’ve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.”</p><h3><b>Munger says "just say no" to putting bitcoin in your retirement account</b></h3><p>Charlie Munger is still down on bitcoin.</p><p>He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.</p><p>The Berkshire executives didn’t say where they would put their money, but Munger was clear about where he wouldn’t invest: bitcoin.</p><p>“When you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,” he said.</p><p>Munger’s answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.</p><p>Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.</p><h3><b>Buffett describes his start to investing when he was 11 years old</b></h3><p>A trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.</p><p>“I went to the New York Stock Exchange, I was in awe of it,” Buffett said. “I got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.”</p><p>The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his father’s office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Graham’s “The Intelligent Investor.”</p><p>“I looked at this book and I saw one paragraph and it told me I’ve been doing everything wrong. I just had the whole approach wrong,” Buffett said.</p><h3><b>Buffett wants to make it clear he’s not the only one picking stocks at Berkshire Hathaway</b></h3><p>Warren Buffett wants to make it clear that he’s not the only one at Berkshire Hathaway picking stocks.</p><p>“I see headlines in papers just time after time after time that say, ‘Buffett’s buying such and such,’” Buffett said. “I’m not buying such and such. Berkshire Hathaway is buying.”</p><p>The investor said a stock pick may have been made by other finance professionals in his organization without Buffett’s ever having heard of it.</p><p>“But the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we don’t know whether it is the people that work for him, the headline is designed to bring people into the story,” Buffett said.</p><p>“The easiest thing to do is basically shut up and not have a bunch of people facing consequences they didn’t ask for in the first place,” he said.</p><h3><b>Buffett says inflation ‘swindles almost everybody’</b></h3><p>When asked about his previous comments that inflation “swindles” equity investors, Buffett said the damage from rising prices was much broader than that.</p><p>“Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,” he said.</p><p>Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isn’t as simple as raising prices to maintain inflation-adjusted profits.</p><p>The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.</p><p>“The question is how much ... and the answer is nobody knows,” Buffett said.</p><p>Buffett reiterated that the best protection against the inflation is investing in your own skills.</p><h3><b>Buffett says Berkshire now owns 9.5% of Activision Blizzard</b></h3><p>Warren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoft’sproposed acquisition of the video game company will close.</p><p>In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire “had no prior knowledge”of Microsoft’s plan to buy the company when Berkshire made its initial investment.</p><p>In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.</p><p>Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft’s offer. Buying at these levels will yield a bigger return if the deal closes.</p><p>Buffett said Berkshire now owns about 9.5% of Activision. “If we went over 10%, we would file a report,” he said.</p><p>“If the deal goes through, we make some money, and if the deal doesn’t go through, who knows what happens,” Buffett said.</p><p>“We don’t know what the Justice Department will do, we don’t know what the E.U. will do, we don’t know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,” Buffett added.</p><h3><b>Buffett: ‘I look at Berkshire as a painting’</b></h3><p>The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.</p><p>“I look at Berkshire as a painting,” Buffett said. “It’s unlimited in size; it’s got an ever-expanding canvas, and I get to paint what I want.”</p><p>Buffett did acknowledge that he doesn’t know much about art, but added that “other people look at paintings and they see something, then they’ll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.”</p><p>“It’s in my head, and I see different things in it as I go along,” Buffett said. “It’s satisfying.”</p><h3><b>Buffett calls Jerome Powell a hero</b></h3><p>In addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.</p><p>“You print loads of money, and money is going to be worth less,” Buffett said.</p><p>However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.</p><p>“In my book,Jay Powellis a hero. It’s very simple. He did what he had to do,” Buffett said.</p><h3><b>Buffett says people are becoming more tribal</b></h3><p>Warren Buffett said people are becoming more tribal.</p><p>“My general assumption — there’s no way to prove it — but essentially, people are now behaving somewhat more tribal than they have for a long time,” Buffett said.</p><p>“It’s fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and they’re gonna give you those answers,” he continued.</p><p>The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings weren’t served dessert until they “said something nasty” about Roosevelt.</p><p>“I don’t think it’s a good development for society,” Buffett said.</p><h3><b>Buffett says he won’t buy bitcoin because ‘it doesn’t produce anything’</b></h3><p>Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p>Buffett listed farmland, apartment buildings — and even art — as assets that had more tangible value than bitcoin.</p><p>“Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”</p><h3><b>Berkshire’s business meeting concludes with shareholder votes</b></h3><p>Berkshire’s formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.</p><p>The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.</p><p>Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.</p><p>One shareholder also took issue with Berkshire’s climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreement’s 1.5°C goal, requiring net zero emissions. Shareholders voted it down.</p><p>The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Full Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFull Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-01 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.”</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation “swindles” equity investors, but noted Saturday that it “swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”</p><p>Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.</p><p>Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoft’s proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader market’s downturn.</p><p>Buffett also stressed the importance of cash as “new forms of money” like bitcoin pop up.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill. “That’s what money is.”</p><p>Check out full recap below for more from the two investing legends.</p><h3><b>Berkshire bought more than $51 billion of stocks during Q1′s market rout</b></h3><p>Berkshire bought more than $51 billion worth of stocks during the first quarter’s market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.</p><p>The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.</p><h3><b>Buffett says Berkshire is “better than the banks”</b></h3><p>Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.</p><p>“Was that a banker screaming?” Buffett joked.</p><h3><b>Buffett warns shareholders about “new forms of money” and the importance of cash</b></h3><p>Warren Buffett warned shareholders about “new forms of money” as he recalled the financial crisis of 2008 and said Berkshire Hathaway will “always have a lot of cash on hand.”</p><p>Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin “rat poison” in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill.</p><p>“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”</p><h3><b>Berkshire put money to work after finding ‘little exciting’ in the market</b></h3><p>In his annual chairman letter to shareholders in February, Warren Buffett said there is “little that excites us” in the market. But soon after, he put Berkshire’s money to work.</p><p>Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshire’s first-quarter filing revealed the company significantly increased its bet on Chevron.</p><p>“We found some things we prefer to owning Treasury bills,” quipped Berkshire vice chairman and Buffett’s right-hand man Charlie Munger.</p><h3><b>Buffett on his massive Occidental investment</b></h3><p>Buffett scooped up 14% of oil giant <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, worth more than $7 billion, in two weeks during March.</p><p>He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.</p><p>“That’s not investment. You’re not buying from [investors]. I find it just incredible. You couldn’t do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,” Buffett said.</p><p>“That enabled us, in a two-week period, to buy 14% of a business that’s been around for decades,” Buffett said. “Imagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and we’ve seen a lot.”</p><p>The legendary investor said that the short-term volatility earlier this year fueled by “gambling mentality” allowed him to find good long-term opportunities.</p><h3><b>Executives of Berkshire’s portfolio companies discuss impact of inflation</b></h3><p>Ahead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.</p><p>One of those executives was Jim Weber, CEO of Brooks Running.</p><p>Weber said it was tough to raise prices for Brooks’ products but that he thinks some of the cost pressures could cool soon.</p><p>“We don’t have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. It’s a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,” Weber said.</p><h3><b>Buffett wants Berkshire to be in a ‘position to operate’ should the economy stop</b></h3><p>Buffett said he wants Berkshire Hathaway to be in a “position to operate” should the economy stop.</p><p>“We want Berkshire Hathaway to be there and in a position to operate if the economy stops,” Buffett said. “And that can always happen, it can always happen.”</p><p>Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.</p><p>The billionaire investor made those remarks while also praising the Federal Reserve’s role during the 2008 financial crisis and the pandemic.</p><p>“The Federal Reserve has not gone,” Buffett said. He added the Fed will “do whatever is necessary. ... That’s what happened in 2008 and 2009, and that’s what happened in 2020, and you’ll hope it happens again next time.”</p><h3><b>Buffett says he has "so much trouble" finding businesses to invest in</b></h3><p>Warren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.</p><p>“We have so much trouble finding good ideas that we can’t afford to ignore any,” Buffett said. “But they do have to be sizable.”</p><p>Buffett said while he does seek out new investments, he prefers to be approached proactively.</p><p>“We’ll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,” Buffett said.</p><h3><b>Munger says today’s stock market "almost a mania of speculation"</b></h3><p>Munger said today’s stock market has become “almost a mania of speculation.”</p><p>His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.</p><p>“We have computers with algorithms trading against other computers,” Munger said. “We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.</p><p>“I understand the commission though,” Buffett joked.</p><p>After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.</p><p>“People and traders’ poker chips are pulling the handle,” he said. “They’ve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobody’s going around selling calls on farms. That’s why markets do crazy things. Occasionally Berkshire gets a chance to do something. It’s not because we’re smarter. … we’re sane, and that’s the main requirement in this business.”</p><h3><b>Munger blasts calls for separate Berkshire chairman and CEO</b></h3><p>Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.</p><p>“It’s the most ridiculous criticism I ever heard,” Munger said.</p><p>“It’s like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, ‘I don’t like the way you were holding your spear when you won that battle,’” he added, referencing ancient Greek epic “The Odyssey.”</p><p>The California Public Employees’ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposal’s aim stems from concerns about corporate governance with one person holding dual roles.</p><p>“Some guy that’s never run any business, doesn’t know anything — I don’t think too much of this activity,” Munger said.</p><h3><b>Berkshire’s head of insurance explains how Geico has fallen behind rival Progressive</b></h3><p>Berkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerate’s insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.</p><p>“Each one have their plusses and minuses, but having said that, there’s no question that recently Progressive has done a much better job than Geico … both in terms of margins and in terms of growth,” Jain said.</p><p>“There are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned … is telematics,” he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.</p><p>“Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn’t involved in telematics,” Jain said. “It’s a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.”</p><p>Jain’s comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.</p><h3><b>Buffett says he has never been "good at timing"</b></h3><p>Warren Buffett said he has never figured out how to time the markets.</p><p>“We haven’t the faintest idea what the stock market was gonna do when it opens on Monday,” Buffett said in response to an audience question.</p><p>“I don’t think we’ve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economy’s going to do. We don’t know,” he continued.</p><p>The Oracle of Omaha said he often gets misplaced credit for the stock winners he’s picked over the years, pointing out he’s also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.</p><p>Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.</p><p>“We have not been good at timing,” Buffett said. “We’ve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.”</p><h3><b>Munger says "just say no" to putting bitcoin in your retirement account</b></h3><p>Charlie Munger is still down on bitcoin.</p><p>He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.</p><p>The Berkshire executives didn’t say where they would put their money, but Munger was clear about where he wouldn’t invest: bitcoin.</p><p>“When you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,” he said.</p><p>Munger’s answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.</p><p>Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.</p><h3><b>Buffett describes his start to investing when he was 11 years old</b></h3><p>A trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.</p><p>“I went to the New York Stock Exchange, I was in awe of it,” Buffett said. “I got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.”</p><p>The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his father’s office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Graham’s “The Intelligent Investor.”</p><p>“I looked at this book and I saw one paragraph and it told me I’ve been doing everything wrong. I just had the whole approach wrong,” Buffett said.</p><h3><b>Buffett wants to make it clear he’s not the only one picking stocks at Berkshire Hathaway</b></h3><p>Warren Buffett wants to make it clear that he’s not the only one at Berkshire Hathaway picking stocks.</p><p>“I see headlines in papers just time after time after time that say, ‘Buffett’s buying such and such,’” Buffett said. “I’m not buying such and such. Berkshire Hathaway is buying.”</p><p>The investor said a stock pick may have been made by other finance professionals in his organization without Buffett’s ever having heard of it.</p><p>“But the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we don’t know whether it is the people that work for him, the headline is designed to bring people into the story,” Buffett said.</p><p>“The easiest thing to do is basically shut up and not have a bunch of people facing consequences they didn’t ask for in the first place,” he said.</p><h3><b>Buffett says inflation ‘swindles almost everybody’</b></h3><p>When asked about his previous comments that inflation “swindles” equity investors, Buffett said the damage from rising prices was much broader than that.</p><p>“Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,” he said.</p><p>Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isn’t as simple as raising prices to maintain inflation-adjusted profits.</p><p>The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.</p><p>“The question is how much ... and the answer is nobody knows,” Buffett said.</p><p>Buffett reiterated that the best protection against the inflation is investing in your own skills.</p><h3><b>Buffett says Berkshire now owns 9.5% of Activision Blizzard</b></h3><p>Warren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoft’sproposed acquisition of the video game company will close.</p><p>In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire “had no prior knowledge”of Microsoft’s plan to buy the company when Berkshire made its initial investment.</p><p>In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.</p><p>Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft’s offer. Buying at these levels will yield a bigger return if the deal closes.</p><p>Buffett said Berkshire now owns about 9.5% of Activision. “If we went over 10%, we would file a report,” he said.</p><p>“If the deal goes through, we make some money, and if the deal doesn’t go through, who knows what happens,” Buffett said.</p><p>“We don’t know what the Justice Department will do, we don’t know what the E.U. will do, we don’t know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,” Buffett added.</p><h3><b>Buffett: ‘I look at Berkshire as a painting’</b></h3><p>The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.</p><p>“I look at Berkshire as a painting,” Buffett said. “It’s unlimited in size; it’s got an ever-expanding canvas, and I get to paint what I want.”</p><p>Buffett did acknowledge that he doesn’t know much about art, but added that “other people look at paintings and they see something, then they’ll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.”</p><p>“It’s in my head, and I see different things in it as I go along,” Buffett said. “It’s satisfying.”</p><h3><b>Buffett calls Jerome Powell a hero</b></h3><p>In addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.</p><p>“You print loads of money, and money is going to be worth less,” Buffett said.</p><p>However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.</p><p>“In my book,Jay Powellis a hero. It’s very simple. He did what he had to do,” Buffett said.</p><h3><b>Buffett says people are becoming more tribal</b></h3><p>Warren Buffett said people are becoming more tribal.</p><p>“My general assumption — there’s no way to prove it — but essentially, people are now behaving somewhat more tribal than they have for a long time,” Buffett said.</p><p>“It’s fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and they’re gonna give you those answers,” he continued.</p><p>The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings weren’t served dessert until they “said something nasty” about Roosevelt.</p><p>“I don’t think it’s a good development for society,” Buffett said.</p><h3><b>Buffett says he won’t buy bitcoin because ‘it doesn’t produce anything’</b></h3><p>Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p>Buffett listed farmland, apartment buildings — and even art — as assets that had more tangible value than bitcoin.</p><p>“Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”</p><h3><b>Berkshire’s business meeting concludes with shareholder votes</b></h3><p>Berkshire’s formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.</p><p>The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.</p><p>Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.</p><p>One shareholder also took issue with Berkshire’s climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreement’s 1.5°C goal, requiring net zero emissions. Shareholders voted it down.</p><p>The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102313596","content_text":"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.”The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation “swindles” equity investors, but noted Saturday that it “swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoft’s proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader market’s downturn.Buffett also stressed the importance of cash as “new forms of money” like bitcoin pop up.“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill. “That’s what money is.”Check out full recap below for more from the two investing legends.Berkshire bought more than $51 billion of stocks during Q1′s market routBerkshire bought more than $51 billion worth of stocks during the first quarter’s market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.Buffett says Berkshire is “better than the banks”Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.“Was that a banker screaming?” Buffett joked.Buffett warns shareholders about “new forms of money” and the importance of cashWarren Buffett warned shareholders about “new forms of money” as he recalled the financial crisis of 2008 and said Berkshire Hathaway will “always have a lot of cash on hand.”Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin “rat poison” in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill.“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”Berkshire put money to work after finding ‘little exciting’ in the marketIn his annual chairman letter to shareholders in February, Warren Buffett said there is “little that excites us” in the market. But soon after, he put Berkshire’s money to work.Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshire’s first-quarter filing revealed the company significantly increased its bet on Chevron.“We found some things we prefer to owning Treasury bills,” quipped Berkshire vice chairman and Buffett’s right-hand man Charlie Munger.Buffett on his massive Occidental investmentBuffett scooped up 14% of oil giant Occidental Petroleum, worth more than $7 billion, in two weeks during March.He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.“That’s not investment. You’re not buying from [investors]. I find it just incredible. You couldn’t do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,” Buffett said.“That enabled us, in a two-week period, to buy 14% of a business that’s been around for decades,” Buffett said. “Imagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and we’ve seen a lot.”The legendary investor said that the short-term volatility earlier this year fueled by “gambling mentality” allowed him to find good long-term opportunities.Executives of Berkshire’s portfolio companies discuss impact of inflationAhead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.One of those executives was Jim Weber, CEO of Brooks Running.Weber said it was tough to raise prices for Brooks’ products but that he thinks some of the cost pressures could cool soon.“We don’t have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. It’s a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,” Weber said.Buffett wants Berkshire to be in a ‘position to operate’ should the economy stopBuffett said he wants Berkshire Hathaway to be in a “position to operate” should the economy stop.“We want Berkshire Hathaway to be there and in a position to operate if the economy stops,” Buffett said. “And that can always happen, it can always happen.”Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.The billionaire investor made those remarks while also praising the Federal Reserve’s role during the 2008 financial crisis and the pandemic.“The Federal Reserve has not gone,” Buffett said. He added the Fed will “do whatever is necessary. ... That’s what happened in 2008 and 2009, and that’s what happened in 2020, and you’ll hope it happens again next time.”Buffett says he has \"so much trouble\" finding businesses to invest inWarren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.“We have so much trouble finding good ideas that we can’t afford to ignore any,” Buffett said. “But they do have to be sizable.”Buffett said while he does seek out new investments, he prefers to be approached proactively.“We’ll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,” Buffett said.Munger says today’s stock market \"almost a mania of speculation\"Munger said today’s stock market has become “almost a mania of speculation.”His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.“We have computers with algorithms trading against other computers,” Munger said. “We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.“I understand the commission though,” Buffett joked.After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.“People and traders’ poker chips are pulling the handle,” he said. “They’ve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobody’s going around selling calls on farms. That’s why markets do crazy things. Occasionally Berkshire gets a chance to do something. It’s not because we’re smarter. … we’re sane, and that’s the main requirement in this business.”Munger blasts calls for separate Berkshire chairman and CEOBerkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.“It’s the most ridiculous criticism I ever heard,” Munger said.“It’s like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, ‘I don’t like the way you were holding your spear when you won that battle,’” he added, referencing ancient Greek epic “The Odyssey.”The California Public Employees’ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposal’s aim stems from concerns about corporate governance with one person holding dual roles.“Some guy that’s never run any business, doesn’t know anything — I don’t think too much of this activity,” Munger said.Berkshire’s head of insurance explains how Geico has fallen behind rival ProgressiveBerkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerate’s insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.“Each one have their plusses and minuses, but having said that, there’s no question that recently Progressive has done a much better job than Geico … both in terms of margins and in terms of growth,” Jain said.“There are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned … is telematics,” he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.“Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn’t involved in telematics,” Jain said. “It’s a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.”Jain’s comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.Buffett says he has never been \"good at timing\"Warren Buffett said he has never figured out how to time the markets.“We haven’t the faintest idea what the stock market was gonna do when it opens on Monday,” Buffett said in response to an audience question.“I don’t think we’ve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economy’s going to do. We don’t know,” he continued.The Oracle of Omaha said he often gets misplaced credit for the stock winners he’s picked over the years, pointing out he’s also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.“We have not been good at timing,” Buffett said. “We’ve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.”Munger says \"just say no\" to putting bitcoin in your retirement accountCharlie Munger is still down on bitcoin.He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.The Berkshire executives didn’t say where they would put their money, but Munger was clear about where he wouldn’t invest: bitcoin.“When you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,” he said.Munger’s answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.Buffett describes his start to investing when he was 11 years oldA trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.“I went to the New York Stock Exchange, I was in awe of it,” Buffett said. “I got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.”The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his father’s office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Graham’s “The Intelligent Investor.”“I looked at this book and I saw one paragraph and it told me I’ve been doing everything wrong. I just had the whole approach wrong,” Buffett said.Buffett wants to make it clear he’s not the only one picking stocks at Berkshire HathawayWarren Buffett wants to make it clear that he’s not the only one at Berkshire Hathaway picking stocks.“I see headlines in papers just time after time after time that say, ‘Buffett’s buying such and such,’” Buffett said. “I’m not buying such and such. Berkshire Hathaway is buying.”The investor said a stock pick may have been made by other finance professionals in his organization without Buffett’s ever having heard of it.“But the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we don’t know whether it is the people that work for him, the headline is designed to bring people into the story,” Buffett said.“The easiest thing to do is basically shut up and not have a bunch of people facing consequences they didn’t ask for in the first place,” he said.Buffett says inflation ‘swindles almost everybody’When asked about his previous comments that inflation “swindles” equity investors, Buffett said the damage from rising prices was much broader than that.“Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,” he said.Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isn’t as simple as raising prices to maintain inflation-adjusted profits.The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.“The question is how much ... and the answer is nobody knows,” Buffett said.Buffett reiterated that the best protection against the inflation is investing in your own skills.Buffett says Berkshire now owns 9.5% of Activision BlizzardWarren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoft’sproposed acquisition of the video game company will close.In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire “had no prior knowledge”of Microsoft’s plan to buy the company when Berkshire made its initial investment.In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft’s offer. Buying at these levels will yield a bigger return if the deal closes.Buffett said Berkshire now owns about 9.5% of Activision. “If we went over 10%, we would file a report,” he said.“If the deal goes through, we make some money, and if the deal doesn’t go through, who knows what happens,” Buffett said.“We don’t know what the Justice Department will do, we don’t know what the E.U. will do, we don’t know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,” Buffett added.Buffett: ‘I look at Berkshire as a painting’The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.“I look at Berkshire as a painting,” Buffett said. “It’s unlimited in size; it’s got an ever-expanding canvas, and I get to paint what I want.”Buffett did acknowledge that he doesn’t know much about art, but added that “other people look at paintings and they see something, then they’ll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.”“It’s in my head, and I see different things in it as I go along,” Buffett said. “It’s satisfying.”Buffett calls Jerome Powell a heroIn addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.“You print loads of money, and money is going to be worth less,” Buffett said.However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.“In my book,Jay Powellis a hero. It’s very simple. He did what he had to do,” Buffett said.Buffett says people are becoming more tribalWarren Buffett said people are becoming more tribal.“My general assumption — there’s no way to prove it — but essentially, people are now behaving somewhat more tribal than they have for a long time,” Buffett said.“It’s fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and they’re gonna give you those answers,” he continued.The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings weren’t served dessert until they “said something nasty” about Roosevelt.“I don’t think it’s a good development for society,” Buffett said.Buffett says he won’t buy bitcoin because ‘it doesn’t produce anything’Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”Buffett listed farmland, apartment buildings — and even art — as assets that had more tangible value than bitcoin.“Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”Berkshire’s business meeting concludes with shareholder votesBerkshire’s formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.One shareholder also took issue with Berkshire’s climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreement’s 1.5°C goal, requiring net zero emissions. Shareholders voted it down.The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060870919,"gmtCreate":1651129360247,"gmtModify":1676534855913,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"number 7 and 9 are the same?","listText":"number 7 and 9 are the same?","text":"number 7 and 9 are the same?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060870919","repostId":"1157805328","repostType":2,"repost":{"id":"1157805328","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651123033,"share":"https://ttm.financial/m/news/1157805328?lang=&edition=fundamental","pubTime":"2022-04-28 13:17","market":"us","language":"en","title":"Tiger Chart｜10 Warren Buffett Quotes","url":"https://stock-news.laohu8.com/highlight/detail?id=1157805328","media":"Tiger Newspress","summary":"Legendary investor and CEO of Berkshire Hathaway Warren Buffett has plenty to share. Through his let","content":"<html><head></head><body><p>Legendary investor and CEO of Berkshire Hathaway Warren Buffett has plenty to share. Through his letters and TV appearances, Buffett dispenses funny, plainspoken advice on investing, management, life and happiness.</p><p><img src=\"https://static.tigerbbs.com/0658423c104b0bf200dbd6e5957a0056\" tg-width=\"1500\" tg-height=\"1700\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart｜10 Warren Buffett Quotes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart｜10 Warren Buffett Quotes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-28 13:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Legendary investor and CEO of Berkshire Hathaway Warren Buffett has plenty to share. Through his letters and TV appearances, Buffett dispenses funny, plainspoken advice on investing, management, life and happiness.</p><p><img src=\"https://static.tigerbbs.com/0658423c104b0bf200dbd6e5957a0056\" tg-width=\"1500\" tg-height=\"1700\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157805328","content_text":"Legendary investor and CEO of Berkshire Hathaway Warren Buffett has plenty to share. Through his letters and TV appearances, Buffett dispenses funny, plainspoken advice on investing, management, life and happiness.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":2504,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4102815868703010","authorId":"4102815868703010","name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","crmLevel":13,"crmLevelSwitch":0,"authorIdStr":"4102815868703010","idStr":"4102815868703010"},"content":"I guess stop digging in a cave is very important to note.","text":"I guess stop digging in a cave is very important to note.","html":"I guess stop digging in a cave is very important to note."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9087423744,"gmtCreate":1651039282527,"gmtModify":1676534839513,"author":{"id":"4104482353116170","authorId":"4104482353116170","name":"TigerBisKuat","avatar":"https://community-static.tradeup.com/news/bd96a494fe59d78055aa6e2f8c0f3d4c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4104482353116170","idStr":"4104482353116170"},"themes":[],"htmlText":"thanks author/admin for the effort of drafting this Post.","listText":"thanks author/admin for the effort of drafting this Post.","text":"thanks author/admin for the effort of drafting this Post.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087423744","repostId":"1182285782","repostType":2,"repost":{"id":"1182285782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651030165,"share":"https://ttm.financial/m/news/1182285782?lang=&edition=fundamental","pubTime":"2022-04-27 11:29","market":"us","language":"en","title":"Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline","url":"https://stock-news.laohu8.com/highlight/detail?id=1182285782","media":"Tiger Newspress","summary":"The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned","content":"<html><head></head><body><p>The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.</p><p>Here are the notable moments and milestones in Warren Buffett's life.<img src=\"https://static.tigerbbs.com/df59b63385fec0d1a1d2e177b71336c7\" tg-width=\"750\" tg-height=\"11865\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-27 11:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.</p><p>Here are the notable moments and milestones in Warren Buffett's life.<img src=\"https://static.tigerbbs.com/df59b63385fec0d1a1d2e177b71336c7\" tg-width=\"750\" tg-height=\"11865\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182285782","content_text":"The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.Here are the notable moments and milestones in Warren Buffett's life.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1944,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}