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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
53473 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
19610 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
5711 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 Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 2/14/22 at 9:05 pm to
quote:

Convenient timing.


Bill Gates, the co-founder and former CEO of Microsoft, stepped down from the boards of Berkshire and Microsoft in 2020. Gates is a longtime friend of Warren Buffett, Berkshire Hathaway’s chairman and CEO. They rank fourth and sixth, respectively, among the world’s richest people, according to Forbes.


SHHHH!!!!!!!
Posted by BottomlandBrew
Member since Aug 2010
27106 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 BZ504
Texas
Member since Oct 2005
9478 posts
Posted on 2/14/22 at 10:37 pm to
Nothing to see here.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 2/14/22 at 10:50 pm to
Yeah Mr “I don’t understand technology so I don’t invest in it“ Buffett comes out with a BILLY on Activision Blizzard and we’re going to pretend it wasn’t inside info from MS/Gates ?

“Legend”
Posted by slackster
Houston
Member since Mar 2009
85008 posts
Posted on 2/15/22 at 6:26 am to
quote:

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


Also had a record amount of cash on hand at the end of 2019, 2020, etc.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30590 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 FLObserver
Jacksonville
Member since Nov 2005
14473 posts
Posted on 2/15/22 at 8:11 am to
quote:

Convenient timing.


All Legal unless its retail. The game is so rigged but hey the guy is a stock guru so its all good.
Posted by Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 2/15/22 at 8:14 am to
quote:

Buffett got a hot tip. I’d take that easy win too




Wasn't the only thing he drop that kind of money on.
Posted by Tigerfan56
Member since May 2010
10520 posts
Posted on 2/15/22 at 8:19 am to
quote:

Convenient timing.


quote:

Bill Gates, the co-founder and former CEO of Microsoft, stepped down from the boards of Berkshire and Microsoft in 2020. Gates is a longtime friend of Warren Buffett, Berkshire Hathaway’s chairman and CEO. They rank fourth and sixth, respectively, among the world’s richest people, according to Forbes.


But remember - retail investors and their stock pumping shenanigans are the true threat to market integrity
Posted by deathvalleytiger10
Member since Sep 2009
7599 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 Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 2/15/22 at 9:42 am to
quote:

But remember - retail investors and their stock pumping shenanigans are the true threat to market integrity


LOL! I know. they are the real threat!
Posted by Origins of Asymmetry
Member since Feb 2022
724 posts
Posted on 2/15/22 at 10:52 am to
quote:

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


What he says and what he does are two different things

He recommends that people invest in index funds and 75% of their portfolio is in a handful of stocks. They are very concentrated and not near as diverse as he suggests other people be with their money.
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 2/15/22 at 11:51 am to
Hope he loses his arse!
Posted by Origins of Asymmetry
Member since Feb 2022
724 posts
Posted on 2/15/22 at 3:17 pm to
Fat chance on that play
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