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But Warren Buffet isn't really a stock investor (he is but thats not where he made his money). So if you're saying he's one of the stock investors playing music
by Sam_Odio 17y ago
But Warren Buffet isn't really a stock investor (he is but thats not where he made his money). So if you're saying he's one of the stock investors playing musical chairs - I don't think you're correct.
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If you look at Berkshire Hathaway Holdings' balance sheet (1), you'll find their largest asset class is "Equity securities." Equity securities == stock.
Most other assets on the balance sheet are consolidated from subsidiary companies in which Berkshire... holds stock.
What most people don't realize is that buying stock is investing in the business.
1) Berkshire's 10Q: http://www.berkshirehathaway.com/qtrly/2ndqtr09.pdf http://www.berkshirehathaway.com/qtrly/2ndqtr09.pdf