No doubt he has legion of fans across the globe and being one of the wealthiest men on earth does help to cement that. However he is not always on the right side of trade. He too has made some wrong investments.
In particular IBM which has cost him billions in losses. His other investment in Wells Fargo looks set blow up a big hole in his investment as Wells Fargo problematic loans swelled 62% from $18.5B to $30.0B. So in adopting his buy and hold strategy, one needs to constantly review the company's performance and NOT hold too long.
I am a fan of him too but I am also critical of his choices for investments.
Last but not least Buffet sees gold as a "pet rock" and abhors it. This is where he is very wrong. $ is a fiat currency and not real money. Gold is the real money and never a pet rock. Gold has risen more than 20% this year, outperforming the S&P and the gold miners? Some are up more than 100% this year!
So always take his investment choices which a grain of salt. I always follow other fund managers as well such as Jeff Gundlach, Stan Druckenmiller and Carl Icahn.
For those uninitiated, Druckenmiller's fund has outperformed Berkshire Hathaway in recent years, chalking an annual average growth rate of more than 30%.
And recently both Jeff Gundlach and Stan Druckenmiller have recommended that investors exit the stock market and stay long in gold.
However, for those who have done their research much earlier, the case for both gold and silver and related miner stocks was in the writing since late last year. To really benefit in your investments, you have to stay ahead of the curve, way before the crowd moves in.
In particular IBM which has cost him billions in losses. His other investment in Wells Fargo looks set blow up a big hole in his investment as Wells Fargo problematic loans swelled 62% from $18.5B to $30.0B. So in adopting his buy and hold strategy, one needs to constantly review the company's performance and NOT hold too long.
I am a fan of him too but I am also critical of his choices for investments.
Last but not least Buffet sees gold as a "pet rock" and abhors it. This is where he is very wrong. $ is a fiat currency and not real money. Gold is the real money and never a pet rock. Gold has risen more than 20% this year, outperforming the S&P and the gold miners? Some are up more than 100% this year!
So always take his investment choices which a grain of salt. I always follow other fund managers as well such as Jeff Gundlach, Stan Druckenmiller and Carl Icahn.
For those uninitiated, Druckenmiller's fund has outperformed Berkshire Hathaway in recent years, chalking an annual average growth rate of more than 30%.
And recently both Jeff Gundlach and Stan Druckenmiller have recommended that investors exit the stock market and stay long in gold.
However, for those who have done their research much earlier, the case for both gold and silver and related miner stocks was in the writing since late last year. To really benefit in your investments, you have to stay ahead of the curve, way before the crowd moves in.
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