Author Topic: Is This Buffett's AT&T Moment?  (Read 5152 times)

meiroy

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Re: Is This Buffett's AT&T Moment?
« Reply #10 on: February 25, 2019, 06:10:20 AM »
What happened with Oracle is worrisome.  Did someone else buy it and he decided to sell, which is pretty bad by itself, or did he buy himself and then decide against it, which is even worse?
« Last Edit: February 25, 2019, 06:26:20 AM by meiroy »


meiroy

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Re: Is This Buffett's AT&T Moment?
« Reply #11 on: February 25, 2019, 06:27:20 AM »

What happened with Oracle is worrisome.  Did someone else bought and he decided to sell, which is pretty bad by itself, or did he buy himself and then decide against it, which is even worse?
He said that he bought and quickly decided that he didnít understand it after all?! Rush of blood that is less frequently seen with him

Did it happen before, where he spent a few bil then got out in a few months?

Gregmal

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Re: Is This Buffett's AT&T Moment?
« Reply #12 on: February 25, 2019, 06:28:23 AM »
Lol now heís on tv saying he s not a buyer of AAPL here, but would be if it got cheaper!!!
First, it was cheaper, much cheaper not too  long ago, and he did nothing. Second, wasnít he buying like a drunken sailor a couple quarters ago? At much higher prices? WTF happened to Warren Buffett?

longinvestor

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Re: Is This Buffett's AT&T Moment?
« Reply #13 on: February 25, 2019, 06:34:22 AM »

What happened with Oracle is worrisome.  Did someone else bought and he decided to sell, which is pretty bad by itself, or did he buy himself and then decide against it, which is even worse?
He said that he bought and quickly decided that he didnít understand it after all?! Rare rush of blood.

stahleyp

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Re: Is This Buffett's AT&T Moment?
« Reply #14 on: February 25, 2019, 06:36:39 AM »
do you guys have a link to the video you're referring to?
Paul

meiroy

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Re: Is This Buffett's AT&T Moment?
« Reply #15 on: February 25, 2019, 06:47:06 AM »
do you guys have a link to the video you're referring to?

Check the latest videos section

https://www.cnbc.com/tv/


WhoIsWarren

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stahleyp

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Re: Is This Buffett's AT&T Moment?
« Reply #17 on: February 25, 2019, 06:56:16 AM »
thanks. I assumed oracle was from Todd or Ted. Buffett buying and selling so quickly is a bit of a concern for me.
Paul

Dynamic

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Re: Is This Buffett's AT&T Moment?
« Reply #18 on: February 25, 2019, 07:03:27 AM »
Lol now heís on tv saying he s not a buyer of AAPL here, but would be if it got cheaper!!!
First, it was cheaper, much cheaper not too  long ago, and he did nothing. Second, wasnít he buying like a drunken sailor a couple quarters ago? At much higher prices? WTF happened to Warren Buffett?

I haven't had a chance to watch the CNBC interviews yet but from what I've read, it doesn't sound like he's explicitly saying Berkshire didn't buy more Apple at the beginning of January when it spend a little time in the $140s, I think he probably said he's not buying NOW (meaning around $172), and we don't have much firm evidence of Berkshire buying much at prices above $180 or so even in 2018Q3. I certainly recall thinking they probably added most of their Q2 buys in the dips into the $150s, even though AAPL ended Q2 much higher.

In December, AAPL spent only about 10 trading days below $160 and only broke below $170 around 7th December.

I was thinking about at what price I'd buy back into AAPL in January, and I decided that based on opportunities elsewhere, it would probably need to be $125-$135 for me to have enough margin of safety for a large high conviction position, which would also have bagged me an extra 10-15% or so of return if those prices had come about, compared to the $145 or so it was selling for at the time for a day or two.

I think it's possible that Berkshire could have bought a little more AAPL early this quarter, though the lowest prices were only available for a short period right at the start of January, not allowing Berkshire to buy a lot, and we're probably not going to find out roughly how much (if any) until 4th May, and exactly how much on 15th May.

gfp

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Re: Is This Buffett's AT&T Moment?
« Reply #19 on: February 25, 2019, 07:28:18 AM »
Buffett buys it, Gates calls him and tells him his take on it, Buffett reconsiders how much he really understands the future competitive dynamics of the industry and sells.  Better than the IBM situation!

thanks. I assumed oracle was from Todd or Ted. Buffett buying and selling so quickly is a bit of a concern for me.