Fed.
WMT & COST , HCA are some of my long term holdings.
I hope none of you were holding the short funds. Maybe buy some now!! Hahahhahaha
What EXACTLY are you implying?https://www.cnbc.com/2023/11/04/berkshire-hathaway-brk-earnings-q3-2023.html
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
Why so much cash on the sidelines ?
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
Why so much cash on the sidelines ?
Too big to move. Think beached whale.Someone probably advised him not to buy any more stocks after seeing this . >>>>>>>>
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So?Pablo,
I‘m implying the large cash position has me wondering….
Back in late 2019 he had $130B cash on the sidelines and I sent a PM to a few on here about the:
- Yield inversion
- Slowing economy
- Crazy debt bubbles
- Phony economic data getting revised
- Over inflated stock market / stock buy-backs
- Banking problems, over $100B in nightly Fed repos
- ETC, … etc….
All this bad news disappeared when a mysterious illness from China first appeared in a Seattle nursing home.
We have similar problems as we did back in 2019.
Global economy is slowing down.
FedEx, UPS and DHL also recently commented on less freight.
Long haul big rig truckers crisscrossing the USA say there’s a freight recession and rates are way down.
Wealth or wealthy is in the eye of the beholder I suppose - from what you linked:https://www.cnbc.com/2023/11/10/sur...es-say-they-are-part-of-the-middle-class.html
Overinflated home prices made many people net worth millionaires on paper.
andOf those making more than $175,000 a year, or roughly the top 10% of tax filers, one-quarter said they were either “very poor,” “poor” or “getting by but things are tight.”
Even a share of those making more than $500,000 and $1,000,000 said the same.
Most people said they would need $1 million in the bank, although high-net-worth individuals put the bar much higher. More than half said they would need more than $3 million, and one-third said it would take more than $5 million, Edelman Financial Engines found.
When it comes to their salary, Americans said they would need to earn $233,000 on average to feel financially secure, according to a separate Bankrate survey. But to feel rich, they would need to earn nearly half a million a year, or $483,000, on average.
They made some people millionaires in their investment accounts, too.https://www.cnbc.com/2023/11/10/sur...es-say-they-are-part-of-the-middle-class.html
Overinflated home prices made many people net worth millionaires on paper.
The metric indicated $1MM of investable assets I think. If so that means next to nothing. It doesn’t make one rich, or really have any bearing on spendable or investable income. I see it very plausible that many folks would be barely scraping by. Especially in high cost areas where they’re taxed to death but have incomes way above the average.https://www.cnbc.com/2023/11/10/sur...es-say-they-are-part-of-the-middle-class.html
Overinflated home prices made many people net worth millionaires on paper.
The house thing is funny... Homeowners saw their home value increase past $1M; some used that money as their piggy bank to look good. Kinda sad, if ya ask me. Glad I don't look good... Ha! Having a home free and clear makes me feel wealthy, I can tell you that much.Overinflated home prices made many people net worth millionaires on paper.
Who wooda thunk health beni from stupidityhttps://www.cnbc.com/2023/11/11/on-...e-for-the-new-minimum-wage-hikes-in-2024.html
New minimum wage hikes will cause many to stop eating fast food.