Subject: Re: Wow Warren stepping down as CEO
" I think the "not selling" comment is just to emphasize to the less informed in the world's investment community that this is not a case of "I'm done, I'm out, ditching my stock tomorrow". It preempts one of the more idiotic potential causes for a price crash on Monday. And for those in the know, a reminder that his plan remains in place to sell none and leave it all to charity in a way that liquidation is gradual--nothing unexpected is happening.
The "decision to keep every share" being economically sensible emphasizes that "not selling" notion, while expressing confidence in the future value growth. And, if one squints, a reminder that he's not dead yet.
Jim"
Good morning, it's always a treat to get your fair and balanced opinions on Buffets, statements. YOU, should have been an American Politian, either party would be fortunate to have you. The mayor of brkville doesn't do you justice! Let's play, what Buffett MEANT to say.
I, WB, have never sold one share of brkb in a taxable account, and I never will. Therefore, I will never realize one dime in tax liability while turning a few million into 200 BILLION in untaxed long term capital gains, over 60 years. Brkb doesn't pay a dividend hence no taxable event there as well. The foundations will continue to sell off my life's work TAX FREE!
I, WB, have not bought back one share of brkb since it was 25 percent lower a year ago at around 401. brkb has become a meme stock, if you want educated opinions on valuation, read social media sites like Reddit because I have no idea how to value brkb, or what greater fools will pay for it.
I, WB, am so uncertain what impact trumps tariff wars will have on iconic brands globally like Coke, Kraft Heinz, Apple, Amex, etc I'm hoarding cash like a man with an unusually high level of fear!
I, WB, continue to refuse to disclose the investing performance of T and T, despite the huge edge I have given them, aka, the Buffett Bounce, after their buys are erroneously reported by the media as, Buffett buys. WHO will be investing our 340 billion without the benefit of this deliberate effort to deceive the investing public?
As always, I appreciate you pointing out what I have wrong, and I'll leave it there for now. Stay healthy, old bud. hc.