Warren’s Buffet Watch – I will also stay by the sideline until I see clearer signals
One of the worst ways to trade shares for investments is to follow the crowd and duplicate what others are doing without consideration of what their goals and time horizon, being a speculator you will lose even your capital 99% of the time, better do you own research and determine your goals and time horizon and stick to your plan, never liquidate until your goals are met, there is always another opportunity to make money just as you are assured the next bus will come in, just you do not know how long you need to wait. Every businessman knows you cannot win all the time in every bet so as long as you win 7 out of 10 means you make money same as the mentality of a banker, but with mortgage insurance you win 10 out of 10 and that is a great business model. Contributed by Oogle.
(Almost) everyone’s a critic
Warren Buffett has been the subject of some negative headlines after he admitted making a multi-billion dollar mistake on airline stocks and revealing that Berkshire Hathaway didn’t do much buying amid the stock market carnage in March prompted by the COVID-19 pandemic.
It doesn’t help that Berkshire’s stock has been lagging the S&P, especially in the last few weeks. (See “Berkshire Stock Watch” below)
MarketWatch columnist Mark Hulbert writes that while “there may be other reasons besides his recent performance to question whether Buffett has lost his touch,” anyone giving up on Berkshire’s stock because its been underperforming the S&P 500, “should step back and give Buffett the benefit of the doubt.”
His work tracking investment newsletter portfolios finds that “even among those newsletters that beat the market over the entire time they have been tracked, they lose money one out of every four years, on average.”
Hulbert cites the “role of randomness” in year-to-year returns, referring to a study that found “because of luck,” even long-term winning strategies will sometimes produce sub-market results
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