Quote (ofthevoid @ 23 Mar 2020 14:28)
Another company for people to keep an eye on is Berkshire Hathaway. It's Warren Buffets company which essentially has a portfolio of different companies ranging from airlines, insurance, Apple & much more. It's down around 30% off it's highs.
The reason why this might be a really good long term buy is because they literally have a ton of money in cash. Imagine a pro like Buffet with 130 billion dollars in cash and the type of bargains he will be able to find in this market and the type of returns he's going to generate? He could be buying companies for 50 cents on the dollar and flipping them for double or triple in just a few years.
https://www.barrons.com/articles/berkshire-hathaway-and-other-companies-sitting-on-tons-of-cash-51584352800yeah he will do one more big acquisition and he’s been waiting a while to do so
Quote (thesnipa @ 23 Mar 2020 13:10)
to me i'd rather risk buying above the floor on a proven multi day rally than buy while its still in freefall after a single day rally. sure, you could miss out on the true floor, but honestly you prob will lose anyways if you're guessing on the floor.
its a hard one tho, i dont see a true rally even with fed money flowing into the market, until quarantine is over and real production begins again. so maybe a month or more.
this, i rather be a bit late on the way up and am planning accordingly. i will start adding sooner rather than later because there are some simply absurd prices right now. but the fud is here for the intermediate term
and fully agree with the bolded