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Berkshire is down 25% from its March 31 high
06-20-2022, 06:57 PM
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#1
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Recycles dryer sheets
Join Date: Sep 2021
Posts: 64
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Berkshire is down 25% from its March 31 high
Nobody is riding high right now.
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06-20-2022, 07:06 PM
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#2
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Moderator Emeritus
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 15,039
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 Quote:
Originally Posted by freedom2022
Nobody is riding high right now.
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A revelation? 
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
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06-20-2022, 07:36 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 32,576
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Tell me about it.
All of my stocks took a drubbing last week.
Still, my oil and gas guys are the only shining spots when you look at YTD performance. XOM +40.74% YTD, OXY 92.07%, TNK 64.77%, etc...
And that's after last week drop of as much as -14% on the above stocks. Yes, profit takers bailing out. Fine with me. I am not selling. If it were not for energy stocks, I would be deeper in the red.
PS. Yes, I do have a position in BRK. A bit less than 2% of portfolio or so.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-20-2022, 08:23 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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Quote:
Originally Posted by freedom2022
Nobody is riding high right now.
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Some stocks are up for the year - and not just O&G.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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06-20-2022, 08:26 PM
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#5
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Moderator Emeritus
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 15,039
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Quote:
Originally Posted by Koolau
Some stocks are up for the year - and not just O&G.
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Disney is not one of them!
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
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06-20-2022, 08:37 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 32,576
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Quote:
Originally Posted by Koolau
Some stocks are up for the year - and not just O&G.
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Like 4 or 5 more outside of O&G?
PS. Maybe I should wait for O&G to also turn red. That would be a sign of capitulation for us to deploy our cash. No?
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-20-2022, 08:39 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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I wonder why?
1st daughter and her "brood" are dumping a fortune there as we speak. She wondered if next year we could have a family reunion there. I politely declined.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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06-20-2022, 08:46 PM
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#8
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Moderator Emeritus
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 15,039
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Quote:
Originally Posted by Koolau
I wonder why?
1st daughter and her "brood" are dumping a fortune there as we speak. She wondered if next year we could have a family reunion there. I politely declined.
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Florida politics - got cross with the Gov. Plus, lots of bad press, pending recession blues, on and on. The stock is down 40% YTD.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
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06-20-2022, 09:03 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 1,960
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Quote:
Originally Posted by freedom2022
Nobody is riding high right now.
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Time to pick up a round lot (100) BRK/A?
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06-20-2022, 09:23 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 31,695
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Tell me about it... I just had DIS assigned to me.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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06-20-2022, 09:59 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 32,576
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So many stocks on sale, so little money... Heh heh heh...
PS. Just logged into my brokerage and looked at the cash balance of our accounts. There were many puts assigned on Friday, but I got too weary to add them up.
The screen said "Pending Activity" totaled -$109,725 for my and my wife's accounts.
I really need to lay off selling put options now. I really mean it this time.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-20-2022, 10:08 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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Quote:
Originally Posted by NW-Bound
So many stocks on sale, so little money... Heh heh heh...
PS. Just logged into my brokerage and looked at the cash balance of our accounts. There were many puts assigned on Friday, but I got too weary to add them up.
The screen said "Pending Activity" totaled -$109,725 for my and my wife's accounts.
I really need to lay off selling put options now. I really mean it this time.
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Be certain to check back with your 12-step sponsor next week!
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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06-20-2022, 10:19 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 32,576
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Quote:
Originally Posted by Koolau
Be certain to check back with your 12-step sponsor next week!
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Only selling call options from now on.
The market is going to move up, and my strategy has always been "sell calls when market up / sell puts when market down".
It's only going up from here, you'll see.
PS. I counted 43 call contracts expiring worthless. The money I made from them calls pales besides the puts that lost me money. Consolation prize.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-20-2022, 10:43 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 32,576
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I forgot something.
In case people do not know, the -$109,725 is not the money I lost. It's the value of all the stocks that my assigned put options had me buy.
And because the market price has dropped below the strike prices, I lost money, but it's not $109K. I paid $109K for stocks that may be worth only $95K.
The loss is reduced by the option premium. I am too lazy to add it all up. It is what it is.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-20-2022, 11:09 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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Quote:
Originally Posted by NW-Bound
It's only going up from here, you'll see.
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I'll believe it if you will.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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06-21-2022, 08:15 AM
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#16
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Recycles dryer sheets
Join Date: Apr 2022
Posts: 72
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BRK is a funny stock in that people get down on it during good times because it's not generally shooting up sharply, like these last ten years. I've read many "Has Buffet lost his touch?" articles. I like that. Because to me that indicates it may be undervalued. When the stuff hits the fan (might that happen someday?) Buffet is going to go on a buying spree. And if there's anyone I trust on a buying spree during hard times, it's him. Time will tell.
__________________
Enough is the most powerful thing you can have.
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06-21-2022, 11:22 AM
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#17
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Recycles dryer sheets
Join Date: Sep 2021
Posts: 64
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Without Warren, is BRK still good investment in the future?
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06-21-2022, 03:31 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,160
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06-21-2022, 04:16 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,164
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Get something safe like ARC? (  )
__________________
T.S. Eliot:
Old men ought to be explorers
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06-21-2022, 04:21 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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Quote:
Originally Posted by freedom2022
Without Warren, is BRK still good investment in the future?
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Well there's still Charlie Munger - He's only 98.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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