Warren Buffett and his top advisors, Ted Weschler and Todd Combs, were busy bees during the December-ended quarter. Five existing positions were added to, one new purchase was made, nine existing positions were reduced, and three holdings were given the heave-ho.
While some investors are likely to focus on the biggest-dollar moves made in the fourth quarter, such as the continued aggressive selling of No. 3 holding, Bank of America, the more telling action might be Berkshire’s complete exit from the Vanguard S&P 500 ETF (NYSEMKT: VOO) and SPDR S&P 500 ETF Trust (NYSEMKT: SPY).
h/t Michael
And as Paul Harvey said “The rest of the story “.
Seems already Bank of America has announced their stock “may drop some 40%” from MSN this morning.
Buffitt is very well connected with the movers and shakers and that’s why he’s so successful in investing.
Trump may indeed be Hoover 2.0
Yes, Michael. Let’s hope he has learned from history the mistakes Hoover made to the US economy after the market crashed. Hoover should have immediately lowered taxes, among other things. However, Hoover’s legacy will be forever tarnished not for economic failures, but for what he and Congress permitted to happen to the Bonus Marchers, along with MacArthur, Patton, and Eisenhower. The truth is out there.
Dweezil not every President had the gumption to tell the Military to “F-off” with their briefings like Kennedy and the Cuban Missile Crisis.
Every President has choices with information FED to them by their Advisers.
Hoover did as his “Experts” told him.
But then again what happened to Kennedy?
Greater Depression aka Swamp-Deep State pulling the plug on America’s economic system is my concern.
An evil leader will burn his own country down to rule over the ashes
Sun Tzu
And thus, my concern is how it’s going to affect me and mine.