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I 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 Buff
by anoncoward111 8y ago
I 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?