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@Maurice: I believe if spent a little more time reading the stories that have already been linked, instead of slapping tabloid NY Post sneakers stories, you wouldn't run into this problem and embarrass yourself ! Ted 52 Reads-Maurice 29 ! You lose !!! Regards, Ted
"Buffett’s firm pulled the trigger on a 2011 options deal that lets it buy 700 million shares — at a 70 percent discount to its share price — all for bailing out the bank when it was facing questions about its soundness."
Note that Buffett was patient and waited 6 years for his bet to pay off. And note that he invested in the bank when many considered it a "falling knife" and were fleeing. But Buffet's patience paid off and he gets the last laugh.
I saw him on Bloomberg today and, although he's 15-20 years older than me, he appears to have more energy. Yikes. All that CocaCola I guess.
@icyone: Its not a questing of winning, its about common courtesy of not stepping on someone's toes. I brought the BAC story to the MFO Board some twenty-four hours before Maurice, lets stick with the facts. Regards, Ted
Great posting on Warren Buffett and Bank of America. I recall one of his investment philosophy is buy great stock at a right price and hold on to it forever.
Along the way he also made many mistakes that did not fare well including IBM and Wells Fargo.
Comments
Regards,
Ted
http://www.mutualfundobserver.com/discuss/discussion/35002/buffett-becomes-bac-biggest-shareholders#latest
Regards,
Ted
None of us can win.
Only Ted can win... that's just how it is
Lets face it.....
"Buffett’s firm pulled the trigger on a 2011 options deal that lets it buy 700 million shares — at a 70 percent discount to its share price — all for bailing out the bank when it was facing questions about its soundness."
Note that Buffett was patient and waited 6 years for his bet to pay off. And note that he invested in the bank when many considered it a "falling knife" and were fleeing. But Buffet's patience paid off and he gets the last laugh.
I saw him on Bloomberg today and, although he's 15-20 years older than me, he appears to have more energy. Yikes. All that CocaCola I guess.
Regards,
Ted
Along the way he also made many mistakes that did not fare well including IBM and Wells Fargo.
But @Ted- Just the other day you said:
"@Maurice: Guess what ? I'm winning !
Regards,
Ted