Buffett bought, then sold, airline stocks (he sold them in 2021). Buffett lost *_FIVE BILLION DOLLARS ON THOSE AIRLINE STOCKS_* He repeatedly has said "you can't predict future stock prices" If you found out your next door neighbor flushed $5 billion dollars down the toilet, there's no way you'd ever listen to anything he says, including if you discovered his career was in the financial services industry. "My neighbor lost $5 billion dollars on some airline stocks, so I'm a fan of figuring out what he's up to." NO. The same goes for people like Bill Ackman. He lost four-hundred million dollars on Netflix stock in 2022. No one inside the financial services industry, or outside the financial services industry, can know if their stock purchase or stock sale was correct until time passes. In our minds, Buffett sold because (1) as soon as the Fed starts to cut interest rates, there is initial positive response in stocks then a lengthy period of weak market; and/or (2) he's raising cash to buy something else. FIVE BILLION DOLLARS flushed down the toilet. He's no less a speculator than Ackman, or anyone else. .
Buffett bought, then sold, airline stocks (he sold them in 2021).
Buffett lost *_FIVE BILLION DOLLARS ON THOSE AIRLINE STOCKS_*
He repeatedly has said "you can't predict future stock prices"
If you found out your next door neighbor flushed $5 billion dollars down the toilet, there's no way you'd ever listen to anything he says, including if you discovered his career was in the financial services industry.
"My neighbor lost $5 billion dollars on some airline stocks, so I'm a fan of figuring out what he's up to."
NO.
The same goes for people like Bill Ackman. He lost four-hundred million dollars on Netflix stock in 2022.
No one inside the financial services industry, or outside the financial services industry, can know if their stock purchase or stock sale was correct until time passes.
In our minds, Buffett sold because (1) as soon as the Fed starts to cut interest rates, there is initial positive response in stocks then a lengthy period of weak market; and/or (2) he's raising cash to buy something else.
FIVE BILLION DOLLARS flushed down the toilet. He's no less a speculator than Ackman, or anyone else.
.
I believe he's not calling the shots anymore