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  #16  
Old 8/23/10, 8:54 PM
Michael Larson's Avatar
Michael Larson Michael Larson is offline
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Default Re: HEY NICK....here we go....

Warren Buffett Buys More Wells Fargo

Quote:
At the recent Berkshire Hathaway (BRK) shareholder meeting, Warren Buffett said that Wells Fargo (WFC) was so healthy, he'd put his entire net worth into the stock if he could.
Well, he's not going that far, but he did boost his stake in the bank during Q1:
Bloomberg: Buffett’s firm, the largest shareholder in San Francisco- based Wells Fargo, increased its stake in the bank


Read more: http://www.businessinsider.com/warre...#ixzz0xTj6f200
How's that workin' ?
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  #17  
Old 8/23/10, 9:55 PM
Aubrey J. Kahn Aubrey J. Kahn is offline
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Default Re: HEY NICK....here we go....

Liberals, once their minds are made up you cannot confuse them with facts.
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  #18  
Old 8/24/10, 6:43 AM
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Joseph Burkeson, CMI Joseph Burkeson, CMI is online now
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Default Re: HEY NICK....here we go....

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Originally Posted by mlarson View Post
Guys like Buffet are normally early, they see things others don't and get in before the bottom is in. He's probably buying more, dollar-cost-averaging on the dips, to Warren a good stock is something you never sell.



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  #19  
Old 8/24/10, 7:18 AM
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Default Re: HEY NICK....here we go....

Quote:
Originally Posted by jburkeson1 View Post
to Warren a good stock is something you never sell.
and something you never split.
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  #20  
Old 8/24/10, 11:15 AM
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Default Re: HEY NICK....here we go....

Dollar cost averaging is the dumbest idea ever dreamed up.



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  #21  
Old 8/24/10, 11:31 AM
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Michael Larson Michael Larson is offline
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Default Re: HEY NICK....here we go....

Quote:
Originally Posted by gromicko View Post
Dollar cost averaging is the dumbest idea ever dreamed up.
In a generally rising market when you don't have the time to actively manage your account it tends to prevent you from paying to much (on average) for an asset.

So it's a good strategy for many or at least it once was.



You can argue with intelligent people but to argue with a mush head is like trying to grab fog-Thomas Sowell

Never underestimate the difficulty of changing false beliefs by facts. - Henry Rosovsky-Harvard

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  #22  
Old 8/24/10, 11:37 AM
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Joseph Burkeson, CMI Joseph Burkeson, CMI is online now
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Default Re: HEY NICK....here we go....

Quote:
Originally Posted by gromicko View Post
Dollar cost averaging is the dumbest idea ever dreamed up.
It is the one of the ways someone like Buffet can move money into and out of trades without moving markets.



"A state of war only serves as an excuse for domestic tyranny." ~ Alexander Solzhenitsyn



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