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23-07-2024, 02:28 PM
#21661
Originally Posted by ValueNZ
Exactly... Buffett hasn't made a single cent until he sells his Berkshire shares and converts them to PAPER.
Oh wait.
That's his worth that changes by the minute.
And Buffett has sold plenty of stock over the years.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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23-07-2024, 02:37 PM
#21662
Originally Posted by Daytr
That's his worth that changes by the minute.
And Buffett has sold plenty of stock over the years.
The point I was making is this. Wealth is neither created nor destroyed when punters transact at higher/lower prices. You become wealthier over the long run when the intrinsic value of your shares increases.
His "worth" doesn't change by the minute, the marketable price of his shares does though. Berkshire's value as a company only changes about 10% a year.
Also can you provide evidence that Buffett has ever sold a single share?
Last edited by ValueNZ; 23-07-2024 at 02:51 PM.
Reason: added question
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23-07-2024, 02:49 PM
#21663
Originally Posted by bull....
heaps on dro.asx as i mentioned on black monday thread nearly a 10 bagger for early birds , 100 % + return in a mth when i mentioned it. im out now though , also woodside which ties up alot of funds and few others so i missed oca bounce i be back to trade it again some day.
Baa_Baa wise words still echoing through my head …. ’probably bottomed, inflation is falling, property market is bottoming - some rising, and the gap to NTA is closing. Buying cheap OCA might soon be a thing of the past’.
No might about it ….Buying OCA cheap is a thing of the past
Last edited by winner69; 23-07-2024 at 02:59 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-07-2024, 02:52 PM
#21664
Originally Posted by winner69
Baa_Baa wise words still echoing through my head …. ’probably bottomed, inflation is falling, property market is bottoming - some rising, and the gap to NTA is closing. Buying cheap OCA might soon be a thing of the past’.
No might about it ….Buying OCA is a thing of the past
OCA is still cheap, not as good buying as in the low 50's but still damn cheap.
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23-07-2024, 02:58 PM
#21665
Originally Posted by winner69
Baa_Baa wise words still echoing through my head …. ’probably bottomed, inflation is falling, property market is bottoming - some rising, and the gap to NTA is closing. Buying cheap OCA might soon be a thing of the past’.
No might about it ….Buying OCA is a thing of the past
lol how does anyone know its bottomed till hindsight ? maybe a dead cat bounce yet. you know winner OCA is a trading stock
one step ahead of the herd
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23-07-2024, 03:03 PM
#21666
Member
After 7 years sp almost at its listing price of .79c. Well below most peoples expectations one would think. Hope thy get it right here on in.
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23-07-2024, 03:15 PM
#21667
Member
Originally Posted by Curly
After 7 years sp almost at its listing price of .79c. Well below most peoples expectations one would think. Hope thy get it right here on in.
What real evidence is there that they have got it wrong previously if that is your insinuation?
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23-07-2024, 03:19 PM
#21668
Originally Posted by Cupsy
What real evidence is there that they have got it wrong previously if that is your insinuation?
MFT 7 years back was $ 23.70 ...OCA same as then ...so surely they got it right ??
SUM was $ 4.91 if apples to apples u favour
Last edited by alokdhir; 23-07-2024 at 03:21 PM.
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23-07-2024, 03:27 PM
#21669
Member
Originally Posted by alokdhir
MFT 7 years back was $ 23.70 ...OCA same as then ...so surely they got it right ??
SUM was $ 4.91 if apples to apples u favour
Covid and then property downturn* bro
Last edited by Cupsy; 23-07-2024 at 03:37 PM.
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23-07-2024, 03:42 PM
#21670
the float moves in cycles ... spooky
one step ahead of the herd
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