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By "analytics power at his fingertips" I meant someone who can crunch the data and find the required financial numbers faster than an average investor. It can b
by thisisit 8y ago
By "analytics power at his fingertips" I meant someone who can crunch the data and find the required financial numbers faster than an average investor. It can be both computing as well as by hand using an army of analysts.
> He is a tireless advocate of stock prices reflecting actual value of the company (and his modus operendi is to know the actual value and buy great companies when they are at a substantial discount to it)
Both sentences don't go together. If his modus operandi is what you describe then it is in his vested interest to ensure markets don't price the actual value of large number of companies.
For one moment let's assume Buffett's intentions are pure but can we say the same thing about Dimon?
- anoncoward111 8y agoI agree with you that these multi billionaires have undisclosed motives here. But I would like to offer a counterpoint to one of your claims. You say that Buffet has a vested interest in having the ability to buy a $20 stock for $13. He does have this interest, but all of us do too. Additionally, he doesn't really have the ability to influence this change any more than we do. If a public company is selling at $13 when it should be $20, then anyone has the ability to buy as much of that stock as they want. There's no secret back channel. For example, last year, Sears was trading at $10. Now it's at $3. I shorted it and made money, because I was betting that Sears would continue to decline. If it was such a sure bet, why didn't Buffet use his magical manipulation powers to short the stock with me?