Buffet went all in on stocks

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NoShangriLa

Golden Member
Sep 3, 2006
1,652
0
0
Originally posted by: Craig234
Originally posted by: Atomic Playboy
Isn't Buffett getting pretty old? When you reach a certain age, you inevitably stop thinking about long-term investments (10 years or more), as you probably won't be around that long. Not that Buffett has anything to worry about, as you'd have to fuck up pretty bad to lose 60 billion dollars, but still, you wouldn't think he'd be looking at long-term investments at this point.

But there's a reason he's worth billions, and it certainly isn't because he takes investment advice from me...

Of course Buffet is investing long term - he's investing on behalf of the people who own his fund, not just his own money, which is in the same fund.

Buffet isn't investing for money to spend.

He's investing for his clients.
It is his personal portfolio, and WB is a very cautious/intelligent investor.
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: Craig234
Originally posted by: Atomic Playboy
Isn't Buffett getting pretty old? When you reach a certain age, you inevitably stop thinking about long-term investments (10 years or more), as you probably won't be around that long. Not that Buffett has anything to worry about, as you'd have to fuck up pretty bad to lose 60 billion dollars, but still, you wouldn't think he'd be looking at long-term investments at this point.

But there's a reason he's worth billions, and it certainly isn't because he takes investment advice from me...

Of course Buffet is investing long term - he's investing on behalf of the people who own his fund, not just his own money, which is in the same fund.

Buffet isn't investing for money to spend.

He's investing for his clients.

No, he's not.