This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Buffett buying more shares from Apple!
ReplyDeleteTalk up market
DeleteSee tech chiong last night in US
Learning / knowing is different from doing ;)
ReplyDeleteHe doesn't mind sitting thru yet another 50+% decline in his portfolio as long as the companies continue to make profits & innovate.
He believes in accumulating cash/treasuries if nothing good to buy ... But he won't sell to avoid an oncoming bear market. :)
One of his secrets is that he doesn't need to depend on his portfolio for living expenses. LOL!!
The main reason he bought Apple was that he recognized it as a cash-gushing premium consumer lifestyle business (like Sony in the 1980s). He understands the psyche of consumers & branding moats. Not so much about technology.
Apple closes at a record after Buffett purchase revelation
DeleteApple briefly surpassed its previous high of $183.50 Friday.
The stock was pushed higher by news that Warren Buffett's Berkshire Hathaway had bought 75 million shares in the first quarter.
Apple CEO Tim Cook said the company is "thrilled" to have Buffett and Berkshire as a major investor.