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Buffett just dropped a cool Billion into the market

Posted on 2/14/22 at 8:35 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53502 posts
Posted on 2/14/22 at 8:35 pm
Now who was that who chastised everybody here and claimed Warren was pulling his money out and waiting on the market to collapse? "I take a horse rod" or something like that. Wasn't that his name?


quote:

Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion. Berkshire owns 14.66 million shares valued at $975 million as of the end of 2021, the filing shows.


LINK
Posted by zephry801
Member since Dec 2017
434 posts
Posted on 2/14/22 at 8:41 pm to
"Just dropped"

Meanwhile it says 4th quarter, so at least 1.5 months ago
Posted by GREENHEAD22
Member since Nov 2009
19627 posts
Posted on 2/14/22 at 8:42 pm to
Cool, they still have another 150 sitting on the sidelines.
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5713 posts
Posted on 2/14/22 at 8:54 pm to
quote:

jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion.


Convenient timing.
Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/14/22 at 9:04 pm to
quote:

Now who was that who chastised everybody here and claimed Warren was pulling his money out and waiting on the market to collapse? "I take a horse rod" or something like that. Wasn't that his name?


Hey Dumba$$.

1 billion is less than 1 percent of his cash holdings.

He also reduced/eliminated some of his other positions.

Teva Pharmaceutical (TEVA) and Sirius XM Holdings (SIRI) were eliminated from the portfolio in the fourth quarter.

Berkshire reduced their holdings of Kroger (KR), Charter Communications (CHTR), Visa (V), Mastercard (MA), Abbvie (ABBV), Royalty Pharma (RPRX), Bristol-Myers Squibb (BMY), and Marsh & McClennan (MMC). The theme of reducing exposure to pharmaceutical stocks continues; many were purchased in the third quarter of 2020. The reduction in the credit card positions began in the third quarter of 2021, with Berkshire previously trimming its positions in V and MA back in the second quarter of 2020.

Warren Buffett says cash is a horrible investment.
Warren Buffett has a record amount of cash on hand.

So you turn me stating a fact, which is that Warren Buffett has a record amount of cash on hand, into "that horse guy said Buffett was selling everything".

Just stating facts, which you seem unable to process.

FYI The nasdaq is 15 percent below all time high.

Now stfu and go count your losses loser !
This post was edited on 2/14/22 at 9:17 pm
Posted by BottomlandBrew
Member since Aug 2010
27158 posts
Posted on 2/14/22 at 9:26 pm to
quote:

jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion




Posted by Upperdecker
St. George, LA
Member since Nov 2014
30623 posts
Posted on 2/15/22 at 8:08 am to
Buffett got a hot tip. I’d take that easy win too
Posted by deathvalleytiger10
Member since Sep 2009
7612 posts
Posted on 2/15/22 at 8:48 am to
quote:

Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion.


Hmmm, insider info? Or was this publicly known?
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 2/15/22 at 11:51 am to
Hope he loses his arse!
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