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because he didn't predict a global pandemic and a government ban on flying? Selling at a loss is hard, Kudos to Berkshire for understanding that the world has
by mxschumacher 6y ago
because he didn't predict a global pandemic and a government ban on flying?
Selling at a loss is hard, Kudos to Berkshire for understanding that the world has changed and acting accordingly, most investors are going to try to sit this out and might well lose everything in the process.
- rcpt 6y agoWhy couldn't he predict it in February?
- mxschumacher 6y agoIf you know more than people managing hundreds of billions of dollars, you should consider getting into finance. Shorting the market before February 19th 2020 was quite brilliant. I suppose that few people predicted that this crisis would hit America so hard
- MiroF 6y agoHalf of the people managing hundreds of millions of dollars fail to outperform the market once they start managing those hundreds of millions of dollars.
- mam2 6y agoHalf of wallstreetbets made milions on shorting the maket on the coronavirus. That was not really so hard and he just fucked up.
- valuearb 6y agoHalf of Wall Street bets made photoshop money. Few there actually makes the trades they claim.