YOU KEEP MISQUOTING BUFFET. HE IS THE MOST BELOVED AND BELIEVABLE STOCK ADVISOR IN THE WORLD. WHAT GIVES?
YOU KEEP MISQUOTING BUFFET. HE IS THE MOST BELOVED AND BELIEVABLE STOCK ADVISOR IN THE WORLD. WHAT GIVES?
He is not an advisor nor do I misquote him! He advises you to do what he does not! In the very good Kobeissi Letter, Mr. Buffet is quoted as saying: “Some people should not own stocks at all because they get too upset with price fluctuations. If you’re going to do dumb things because a stock goes down, you shouldn’t own a stock at all.” Never listen to what people SAY. Watch what they DO!
OZZIE QUOTED BUFFET CASH HOARDING ($335 BILLION) for several months. Read my Ozbuzz 99 issue of Sept 2024 and every Ozbuzz issue thereafter: QUOTE: “Warren Buffet’s ‘Mr. Buy and Hold forever’ – moved into some $277 billion in cash. Now we find that Micheal Burry sold half of his holdings…”
Also: The Kobeissi’ tweeted:
- On February 20, JP Morgan CEO Jamie Dimon sold $234 million worth of JPM stock.
- On February 22, Warren Buffett disclosed a record $334 BILLION in cash.
- 30 trading days later, the Nasdaq 100 crashed -24%. How did they know?
Since then, EVERY ‘Magnificent 7’ stock is down at least -25% from its ATH. Nvidia, NVDA, once the largest company, has erased -40% of its value and hedge funds have begun selling aggressively. On one Thursday, hedge funds sold $40 BILLION of stock, the largest sale since 2010.
AGAIN AND AGAIN: Don’t listen to what they say but watch what they DO!!!!
