Do you think Buffett falls into this as well? Specifically thinking KO, BAC, and Apple. He was/is fairly vocal about these companies. He, too, I think may get stuck in a position that he was public about.
Do you think Buffett falls into this as well? Specifically thinking KO, BAC, and Apple. He was/is fairly vocal about these companies. He, too, I think may get stuck in a position that he was public about.
Hi, keep in mind Buffett was strongly opposed to marking IBM to market because he intended to hold it, very long term, and there was little chance brk would realize a loss on the position. Obviously , the SEC turned out to be correct challenging Buffett on his position, and Buffett ultimately changed his thinking on holding ibm, forever.
What I find interesting is that he didn’t respond by deciding to avoid “tech” and made the investment in Apple. Of course, he says that Apple is more of a consumer products company but of course the foundation is tech.
I don’t recall the IBM/SEC issue .. will look that up, thanks.
Buffetts position was that being required to mark positions was an accounting nuisance and it wasn't material. That may have been the first time in over 20 years of following Buffett and owning brk that I thought he was being arrogant. The SEC was right but I doubt Buffett is a fan of marking positions, to this day. Be well.
Do you think Buffett falls into this as well? Specifically thinking KO, BAC, and Apple. He was/is fairly vocal about these companies. He, too, I think may get stuck in a position that he was public about.
It’s possible but if we look at IBM, he reversed course on that after being vocal about it.
Hi, keep in mind Buffett was strongly opposed to marking IBM to market because he intended to hold it, very long term, and there was little chance brk would realize a loss on the position. Obviously , the SEC turned out to be correct challenging Buffett on his position, and Buffett ultimately changed his thinking on holding ibm, forever.
What I find interesting is that he didn’t respond by deciding to avoid “tech” and made the investment in Apple. Of course, he says that Apple is more of a consumer products company but of course the foundation is tech.
I don’t recall the IBM/SEC issue .. will look that up, thanks.
Buffetts position was that being required to mark positions was an accounting nuisance and it wasn't material. That may have been the first time in over 20 years of following Buffett and owning brk that I thought he was being arrogant. The SEC was right but I doubt Buffett is a fan of marking positions, to this day. Be well.