It couldn’t happen to a bigger prick. It’s actually better. Good old Warren has lost $2.1 billion in this investment since April. Poor guy. I’m sure CNBC will roll out the doddering old fool to be interviewed by his designated soft ball pitcher – Becky “not so” Quick so he can pump up the stock with some gibberish. This guy is the ultimate crony capitalist sellout. They rolled him out last week to try and stop the market meltdown. The only joy I’d have from an 80% stock market collapse would be seeing this pompous asshole lose most of his fortune and be discredited as nothing but a shill.
Warren Buffett losing over $1 billion on IBM
By Tomi Kilgore
Published: Oct 20, 2014 7:41 a.m. ET
NEW YORK (MarketWatch) — Billionaire investor Warren Buffett is on course to lose over $1 billion on IBM shares IBM, -7.41% Monday, after the technology company reported disappointing third-quarter results and said it would transfer its semiconductor operations to Globalfoundries Inc. Buffett’s Berkshire Hathaway BRK.B, -0.14% is IBM’s largest shareholder, with 70,173,978 shares as of the latest regulator filings, according to FactSet. With IBM’s stock down $15.05, or 8.3%, in premarket trade, that translates to a loss of $1,056,118,369 for Buffett. Berkshire’s shares were down 0.1% ahead of the open.
No lost until you sell, buy and hold, isn’t that what the talking heads on TV always say? John
Don’t worry Bro, you didn’t buy that.
A long time ago, I used to respect Mr. Buffet because he didn’t live as ostentatiously as Bill Gates with his 45 (or is it 48?) room mansion, etc. This was before I learned more about Mr. Buffet who is well-known for being a capitalist before being a Patriot.
I don’t hate all rich people. I do hate those who enrich themselves AT THE EXPENSE OF others, sometimes many others. Unfortunately, there are too many like this who seek to benefit themselves at any cost even the destruction of a entire class of citizens plus dragging a entire country down.
My worst criticism (as always) is for uniformed citizens themselves. Rather than forcing drastic reforms at election time (voting for anyone but democrats or republicans owned by big money) or by any other means necessary, they wallow in financial dependence on government so they end up being manipulated, controlled, and exploited as economic slaves with absolutely no will to fight for their future and opportunity to prosper – either for themselves or their kids.
I’m not certain which is more true, whether citizens knowingly accept being slaves or whether they are too unaware to realize they ARE slaves.
Warren Buffett wants you to know that if Berkshire Hathaway’s investments keep tanking, he could lose his job, his house, and have to sleep in his car just like that unfortunate Greek family.
Now you wouldn’t want that to happen to Warren, would you?
Donations to help him through these tough times can be sent to Warren Bufett, c/o Berkshire Hathaway, Inc., 3555 Farnam Street, Omaha, NE
Gee Admin.,
LOL, don’t go so easy on Buffett.
shoulda stuk to making music