RE:huger
likeike wrote: I think Buffet getting into gold is going to be a lot huger for the next couple of months then
a lot of people realize Gold Humbug was his motto. I always loved this tidbit from him.
" dig gold out of a hole in South Africa and bury it in another hole in the US and pay somebody to guard it while it loses money. "
Berkshire was up 12% in the aftermarket. IKE
Hi Ike
It may appear "huge", but I am not so sure it really is so Earth shattering . Buffett (and his fund) is only good at investments where he can influence and control the trade. He is a MOAT investor.
Gold is not one of those trades.
In addition, despite the misplaced myth that his BH fund is so rewarding to investors, that facts actually reveal that its performance is actually quite mediocre relative to many indices measured in similar time frames. I was never a fan of his BS.
That includes gold.
https://i1.wp.com/bmg-group.com/wp-content/uploads/2020/01/Gold-vs-Berkshire-Total-Returns-20-Year-Chart-3.png
Buffett is just huge. The size one gets when he simply lives so long in such a market system as the US. He will also discover (because of his size) that he will pay a premium to enter the sector.
As for gold, he missed the trade by nearly 20 yrs. Nothing to admire there.
Tx