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Started By
Message
Berkshire Hathaway (Warren Buffett) has taken a 35 million share stake in JPMorgan Chase
Posted on 11/14/18 at 3:59 pm
Posted on 11/14/18 at 3:59 pm
The total JPM stake by Berkshire is approximately $4 billion.
I also own shares in JPM.
That means that Warren Buffett and I combined own over 35 million shares of Chase Bank.
LINK
I also own shares in JPM.
That means that Warren Buffett and I combined own over 35 million shares of Chase Bank.
LINK
5
Posted on 11/14/18 at 4:17 pm to LSURussian
I bought 50 shares of JPM on Monday, great minds think alike 
Posted on 11/14/18 at 4:39 pm to Vols&Shaft83
Was looking between jpm and C
Posted on 11/14/18 at 5:49 pm to LSURussian
Too big to fail gives Warren that safety of principal vibe. Nice.
Banks are well capiltalized and the macro story should continue to be a tailwind.
Banks are well capiltalized and the macro story should continue to be a tailwind.
Posted on 11/14/18 at 6:17 pm to LSURussian
I been buying IVZ shares
Posted on 11/14/18 at 6:21 pm to LSURussian
Seems like a dumb move at $106. Why didn't he do this when it was at $60 just a couple years ago?
Posted on 11/14/18 at 9:21 pm to LSURussian
I have more of JPM than any other bank. Hopefully Buffet doesn’t “Wells Fargo” it.
Posted on 11/14/18 at 9:27 pm to bayoubengals88
quote:
Why didn't he do this when it was at $60 just a couple years ago?
Why didn't he do this back in 2009?
Posted on 11/14/18 at 9:29 pm to bayoubengals88
quote:
Seems like a dumb move at $106.
It's a great company at a fair price. And seriously, you're gonna question Buffett about buying a stock?
quote:
Why didn't he do this when it was at $60 just a couple years ago?
Why didn't I buy DMZ in 2009 for $4.50? Was I stupid for buying it at about $30 in 2012?
Why didn't I use the hot tub time machine to travel back to 1964 and buy Berkshire Hathaway at $12?
Posted on 11/14/18 at 9:49 pm to bayoubengals88
quote:
Seems like a dumb move at $106. Why didn't he do this when it was at $60 just a couple years ago?
If you read about Buffet, or watch some of the videos of him being interviewed it is pretty clear that the price of the stock is the least important thing he considers when buying a companies stock, if he considers it at all. In his words if you are buying a stock with the intention that it is going to increase in value in the short term, short term to him being a decade or so, you are gambling, not investing.
This post was edited on 11/14/18 at 9:51 pm
Posted on 11/14/18 at 10:52 pm to Vols&Shaft83
That’s it?
Posted on 11/14/18 at 10:59 pm to Serraneaux
quote:
That’s it?
Yeah.
Posted on 11/15/18 at 9:16 am to bayoubengals88
quote:
Seems like a dumb move at $106. Why didn't he do this when it was at $60 just a couple years ago?
A couple of years ago, Buffett revealed that he had a personal stake in JPM. About that time (late 2016), Todd Combs, a top Berkshire stock picker, was added to JPM's board.
As others have mentioned, Buffett typically doesn't worry about getting in at the lowest possible price. Think about how late he got into AAPL (just added to that position too). Along with John Malone, Peter Lynch and John Bogle, Buffett is certainly one of the most interesting (and entertaining) investors of the 20th and 21st centuries.
I sold some 105 puts that expire tomorrow. It won't hurt my feelings if they get assigned. If they don't, I'll probably make the same play again.
Posted on 11/15/18 at 9:57 am to Jag_Warrior
quote:
Along with John Malone, Peter Lynch and John Bogle, Buffett is certainly one of the most interesting (and entertaining) investors of the 20th and 21st centuries.
dont forget charlie Munger. thst dude changed buffets whole philosophy which I think is interesting. and Warren treats him like An equal but he doesnt have same rock star status. he got Warren off the cigar puff companies and into good companies at a fair price. instead of any company at a good price
Posted on 11/15/18 at 10:06 am to oklahogjr
quote:That's likely because Munger could put a meth addict to sleep when he talks about investments. Buffett is entertaining.
and Warren treats him like An equal but he doesnt have same rock star status.
Posted on 11/15/18 at 11:17 am to Jag_Warrior
Timing probably also has something to do with the approved stock buybacks and dividend increases for all the banks as well.
Posted on 11/15/18 at 2:12 pm to Jag_Warrior
quote:
Peter Lynch
One up on wall street is a great book if anyone is interested.
Posted on 11/15/18 at 8:41 pm to bayoubengals88
Well that was fun
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