Buffett Knows

Posted on October 8, 2024 by DRenegade

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ColdSoldier
ColdSoldier
10 months ago

We are going to start WWIII this month, that’s why.

foot in the forest
foot in the forest
10 months ago

They are short the silver market by approximately 150 million ounces and Warren does not like the sucking sound coming from the drain B of A is circling.

Latigo Morgan
Latigo Morgan
10 months ago

He probably knows that a bank that gives unsecured loans to people who cannot and will not pay them back is not a sustainable business model.

kal kal
kal kal
10 months ago
Reply to  Latigo Morgan

More than 80% of banks are underwater with commercial RE loans, BOA is closing brick and mortars, and the collapse is right around the corner.

Al Buckner
Al Buckner
10 months ago

I have follow Buffett for years. I was a.HR manager years ago and when he purchased Kroger stock. I took all of my 401K and brought it. So glad I did, it.helped me leave the corporate rat race and retire.

Patriot_One
Patriot_One
10 months ago

What does he know? He knows when to get his money out of the bank.

kal kal
kal kal
10 months ago
Reply to  Patriot_One

Guessing that with this dump, he is holding well over $100 million in cash.

DRenegade
Author
DRenegade
10 months ago
Reply to  kal kal

Berkshire Hathaway (BRK-B) – Cash on Hand
Cash on Hand as of June 2024 : $276.94 B
According to Berkshire Hathaway ‘s latest financial reports the company has $276.94 B in cash and cash equivalents.
A company’s cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Steady Steve
Steady Steve
10 months ago

That’s one bank that deserves to die. Hopefully no one buys up the debts owed to them.