Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 1
Does anybody know offhand the average price at which the shares have been sold lately?
It probably looks not bad relative to today's prices in the $35-37 range : )
Jim
No. of Recommendations: 8
Does anybody know offhand the average price at which the shares have been sold lately?
It probably looks not bad relative to today's prices in the $35-37 range : )
Jim
From filings so far, they have sold $3.825 Billion worth for an average price of $42.297 / BAC share.
As Warren has learned over time, it pays to go big on the first 3 days.
No. of Recommendations: 3
From filings so far, they have sold $3.825 Billion worth for an average price of $42.297 / BAC share.
Thanks!
So, gross proceeds half a billion more than if the same 90m shares had been sold today at close.
Jim
No. of Recommendations: 3
A curious take on BAC sell timing.
I do not give Buffett credit for good timing. To the contrary, if anything I affix blame.
Buffett’s selling every day with a $44 starting price was arguably CAUSAL in the decline.
Buffett’s initial selling (publicity of such)caused BAC stock to immediately decline—underperforming other large banks’ trading.
As Buffett sold each day, and each day’s sales were publicly reported…the stock kept dropping with each disclosure.
Finally, Buffett’s disclosure over the weekend of his biggest move out of stocks generally in his life—was a large factor among several others—in markets collapsing on Monday. Causing BAC to continue declining.
We’re not going to give Buffett credit for good timing here. If we’re gonna play that game— We’re gonna give him almost direct BLAME for crushing the term value of what remains a top holding, BAC.
No. of Recommendations: 1
“ Buffett’s selling every day with a $44 starting price was arguably CAUSAL in the decline.“ Good morning, several of us have had this debate for over 20 years. If we are going to blame Buffett for the sell off in bac, couldn’t we argue that the stock was overvalued due to Buffett’s support? Obviously many investors follow Buffett into his buys and many follow him out, when he sells. He can’t buy and hold every long, forever.
No. of Recommendations: 0
Buffett’s buying and selling produces transient effects. That’s all.
I sure wish his buying a huge amount of OXY had produced a magical rise in the price! Who knows what he’s doing in that one where the oil market drives the price.
Shaun
No. of Recommendations: 29
“Buffett’s disclosure over the weekend of his biggest move out of stocks generally in his life—was a large factor among several others—in markets collapsing on Monday. Causing BAC to continue declining.”
Well, there are a dozen+ other factors contributing to the Mr. Market’s mood swings & manic behavior imo. Warren is fiercely loyal to BRK and his partners, much more than BAC or AAPL or BYD mgt or stock price squiggles. He/we obviously prefer his trades are not made public until absolutely necessary, but I know for damn sure for decades he represents my/our best interests as partners & not the investees or Mr. Market’s best interests.
He does with our money what he does with his own. I applaud him and his lieutenants for that sacred priority which is not as prevalent elsewhere in the corporate world.
