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The New Coffee Room

  1. TNCR
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  3. $5.4 Billion

$5.4 Billion

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  • J Offline
    J Offline
    Jolly
    wrote on 31 Aug 2024, 13:30 last edited by
    #1

    Buffett selling Bank of America shares...

    https://www.reuters.com/business/finance/billionaire-investor-buffett-offloads-bank-america-shares-worth-982-mln-latest-2024-08-28/

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    1 Reply Last reply
    • J Offline
      J Offline
      jon-nyc
      wrote on 31 Aug 2024, 16:24 last edited by
      #2

      And yet their stock is up over 20% this year.

      Thank you for your attention to this matter.

      1 Reply Last reply
      • H Online
        H Online
        Horace
        wrote on 31 Aug 2024, 17:46 last edited by
        #3

        Buffett sold 50% of his AAPL at less than $200, and has kept the proceeds in cash as far as I'm aware. That incinerated about 35 billion dollars compared to if he'd kept his money in till today. AAPL remains his largest holding though, so it's difficult to say he's lost faith in the company.

        Education is extremely important.

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        • J Offline
          J Offline
          jon-nyc
          wrote on 31 Aug 2024, 18:24 last edited by
          #4

          And he’s still the largest shareholder in BAC.

          Thank you for your attention to this matter.

          1 Reply Last reply
          • R Online
            R Online
            Rich
            wrote on 31 Aug 2024, 19:20 last edited by
            #5

            Just freeing up cash to get some bitcoin

            D 1 Reply Last reply 31 Aug 2024, 19:24
            • R Rich
              31 Aug 2024, 19:20

              Just freeing up cash to get some bitcoin

              D Online
              D Online
              Doctor Phibes
              wrote on 31 Aug 2024, 19:24 last edited by
              #6

              @Rich said in $5.4 Billion:

              Just freeing up cash to get some bitcoin

              I was thinking Truth Social.

              I was only joking

              1 Reply Last reply
              • J Offline
                J Offline
                Jolly
                wrote on 31 Aug 2024, 21:16 last edited by
                #7

                If it's making money and the fundamentals are good, why sell?

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                D A 2 Replies Last reply 31 Aug 2024, 22:11
                • J Jolly
                  31 Aug 2024, 21:16

                  If it's making money and the fundamentals are good, why sell?

                  D Online
                  D Online
                  Doctor Phibes
                  wrote on 31 Aug 2024, 22:11 last edited by
                  #8

                  @Jolly said in $5.4 Billion:

                  If it's making money and the fundamentals are good, why sell?

                  Who knows? I don't have a freaking clue about this stuff. Maybe he's worried about Donald Trump getting elected. Maybe he's planning a bathroom extension.

                  I was only joking

                  1 Reply Last reply
                  • J Jolly
                    31 Aug 2024, 21:16

                    If it's making money and the fundamentals are good, why sell?

                    A Offline
                    A Offline
                    Axtremus
                    wrote on 1 Sept 2024, 00:52 last edited by
                    #9

                    @Jolly said in $5.4 Billion:

                    If it's making money and the fundamentals are good, why sell?

                    He does not believe in long term buy and hold, at least not wholly.

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                    31 Aug 2024, 19:20


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