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- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 0
As he watches these Trump trades rally? The crypto space, Tesla, djt, etc, will all test his resolve. Will he outlive four years of team trump healthy and fully engaged? Interesting time ahead. 🙏 “ There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers said, adding:
“It wouldn't be the size and scale of 1 million coins but it would be a significant position."
The Bitcoin Act of 2024, introduced by pro-crypto Senator Cynthia Lummis in July, proposes that the Treasury and Federal Reserve purchase 200,000 BTC annually over five years, accumulating 1 million Bitcoin
BTC
tickers down
$104,458
The reserve would be held for at least 20 years, thereby taking 5% of Bitcoin’s total supply (of 21 million tokens) from circulation.
These speculations have resulted in some lofty new BTC price targets for 2025 and beyond.“
https://cointelegraph.com/news/trump-bitcoin-us-re...
No. of Recommendations: 37
As he watches these Trump trades rally? The crypto space,
He won’t be thinking anything. He won’t care. Crypto, like gold, doesn’t *do* anything. It produces nothing (indeed, it costs. Crypto can’t exist without gobs of electricity. Gold can’t exist without storage, protection, smelting. Same, but different.)
Those are idle bets which Warren doesn’t do. (OK, sue me, he has once or twice along an almost century long career). He invests in productive enterprises, things which produce goods or services, things which can be measured against the utility they provide. Neither crypto nor gold nor silver do any of those. They are a bet against what other people might think someday about the value of said commodity.
He doesn’t care. I dare say he will never care. Stop trying to force this inanity into the conversation. It’s as dumb as the people two decades ago who said “Why doesn’t he invest in Pets.com?”
No. of Recommendations: 0
Barron’s, “ Tesla’s stock has been on an incredible run, fueled by a postelection surge on high investor expectations for its business in 2025 and beyond. Wedbush analyst Dan Ives raised his price target to $515 a share, a Street high estimate, based on his view that the future of autonomous driving is coming faster than expected.
Ives expects President-elect Donald Trump to fast-track initiatives to make launching self-driving cars easier. Ives expects that the Trump White House will change the game for autonomous and artificial intelligence technology, estimating it is a $1 trillion opportunity for Tesla.
Tesla CEO Elon Musk aims to start the autonomous driving Cybercab platform in 2025, which could help drive its valuation to $2 trillion over the next year to 18 months, Ives said. Trump could clear the federal regulatory spiderweb that Tesla’s Full Self-Driving has faced.
Ives expects Tesla and iPhone maker Apple to get carve outs from Trump’s proposed tariffs on imports from China. He also expects Musk to have a very big role in the Trump White House and be heavily involved in China tariff discussions.
Tesla stock is up 73% since the Nov. 5 election, with shares trading at 130 times estimated 2025 earnings a share. The other trillion-dollar Magnificent Seven stocks—Apple, Alphabet, Amazon.com, Meta Platforms, Microsoft, and Nvidia—trade at an average of 29 times estimated 2025 earnings, as does chip maker Broadcom.
What’s Next: Tesla is planning a new model in 2025 that is expected to increase sales volumes to 2.3 million vehicles in 2025, as well as self-driving robotaxis. Robotaxis would need to earn $40 billion annually to square Tesla’s valuation with the rest of the Magnificent Seven stocks and Broadcom.
—Janet H. Cho and Al Root“
No. of Recommendations: 0
“ He doesn’t care. I dare say he will never care. “ You don’t get it. We shall see how often Buffett’s phone rings the next four years. Did Buffett get super opportunities during the financial meltdown 07ish? We shall see, going forwar.
No. of Recommendations: 14
“ He doesn’t care. I dare say he will never care. “
You don’t get it.
Manlobbi should start an award for the most unintentionally funny post of the day. This is a sure winner.
No. of Recommendations: 16
He won’t be thinking anything.
Hmm, I disagree.
I believe he's almost certainly thinking "here we go again". He's seen this show before. As have we all, I suppose.
I never assume that someone not playing the game is ignorant of the state of play. Many watch from the sidelines.
Jim
No. of Recommendations: 1
" I believe he's almost certainly thinking "here we go again". He's seen this show before. As have we all, I suppose."
At 94 is he a favorite to see the ending, this time?
No. of Recommendations: 23
At 94 is he a favorite to see the ending, this time?
It's true that Mr B is getting on a bit. The good news is that, oddly, at his age the odds of dying in the next year are no worse than they were last year. High, but not worse. Generally that risk rises with each year of age throughout your life, but it reaches a plateau by your 90's.
But on point, in general one doesn't have to see the ending of something to know how it will end. I've never seem Hamlet, but I gather a bunch of folks buy the farm. It is in the nature of tragedies.
For financial tragedies, it's generally a mixture of outright wealth loss and "mere" transfer of wealth from the unwitting to the unscrupulous. Usually it's hard to lose money in these situations unless you make an unwise decision to play the game, but if there is a "strategic bitcoin reserve" then all US citizens could one day be counted among the victims.
Jim
