Suck It Up Buffett: BRK/A Below $100,000 For First Time In 20 Months

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Thu, 09/22/2011 - 10:44 | 1696917 Stumpy
Stumpy's picture

My call? The company will survive.

Thu, 09/22/2011 - 10:47 | 1696931 Frog-And-Toad
Frog-And-Toad's picture

The Fed will be replaced with "The Birkshire People's Bank", which will bring Obama a landslide win in 2012.  

Ron Paul will lead the revolution to take back the country... Civil unrest will ensue 

Thu, 09/22/2011 - 10:53 | 1696968 Stumpy
Stumpy's picture

Does Canadians play a role in this? We stay best friends with the US, right?

Don't change your mind on this one.

Thu, 09/22/2011 - 11:04 | 1697011 InconvenientCou...
InconvenientCounterParty's picture

The U.S. doesn't have friends or allies in a conventional sense.

Just understand where you fit in the corporate gears. Don't apply human attributes to a machine.

Thu, 09/22/2011 - 11:08 | 1697026 Stumpy
Stumpy's picture

What about you? Can we be friends?

Thu, 09/22/2011 - 12:39 | 1697562 TruthInSunshine
TruthInSunshine's picture

After raping taxpayers for a minimum of 17 billion via the TARP and AIG Rescue Packages (which rescued many, many counterparties of AIG and holdings of Buffett), and probably having received government (ala taxpayer) largess many times over that amount through the years, it would be pure & sweet poetic justice to see Buffett and Munger both die impoverished, like rats in the filthy back alleys of some slum.

Thu, 09/22/2011 - 11:19 | 1697097 Mitzibitzi
Mitzibitzi's picture

Yeah, was watching a documentary the other night about the 'Plan Red' scenarios in the 30s; invade Canada and take on the British Empire for control of the world.They even went so far as to build 2 'civilian airfields' and one more made from perforated runway matting (so the grass would grow through it and hide it from observation, apparently).

Interesting to watch.

Seems the US has never had friends or allies in a conventional sense.

Thu, 09/22/2011 - 11:27 | 1697137 mophead
mophead's picture

"double penetration"

-> -> SafeSearch off


Thu, 09/22/2011 - 11:40 | 1697212 FMR Bankster
FMR Bankster's picture

People have friends. Countries just have interests. And sometimes other conuntries interests match ours. That's pretty much the case with Canada. They have oil to sell, we need to buy oil, ect, ect.

Thu, 09/22/2011 - 11:46 | 1697252 Stumpy
Stumpy's picture

Do you honestly think American soliders would like to invade Canada? In war, you have to have hate or fear of your enemy.

I would like to think that there is a lot of shared families between our borders.

People have friends and families. Countries are made of people.

Thu, 09/22/2011 - 11:09 | 1696980 Don Birnam
Don Birnam's picture

As with other notable -- or rather, notorious -- names of late ( NFLX, recognize the pattern ), Fidelity is also a large institutional holder of BRK ( A and B ). Indeed, FMR's flagship Contrafund lists Berkshire-A as the third largest holding. 

On the Barry O'Bama/Uncle Warren front, Buffett is participating in a Chicago fundraiser for Obama 2012. Sorry, people: plutocrats and crony capitalists only, as it is a $38,000-a-plate affair. 

Thu, 09/22/2011 - 11:21 | 1697113 Withdrawn Sanction
Withdrawn Sanction's picture

What, no deeply discounted $25,000 plates near the kitchen door? 

Thu, 09/22/2011 - 11:56 | 1697331 Jay Gould Esq.
Jay Gould Esq.'s picture

Discounts are available, but the main entree will be provided by Hardee's. Dessert courtesy of Friendly's.

Thu, 09/22/2011 - 11:03 | 1697007 EscapeKey
EscapeKey's picture

You need to throw in the words "glorious" and "democratic" in there as well.

Thu, 09/22/2011 - 11:09 | 1697030 Moneyswirth
Moneyswirth's picture

Yes.  And Secretary of Extra-Terrestial Affairs Kucinich will push for a ban on all earthly currency.

Thu, 09/22/2011 - 10:57 | 1696983 RemiG2010
RemiG2010's picture

Yes. But will the patient live?!

Thu, 09/22/2011 - 10:59 | 1696987 Stumpy
Stumpy's picture

It depends on how patient you are.

Thu, 09/22/2011 - 11:02 | 1697000 AccreditedEYE
AccreditedEYE's picture

Probably Stumpy, but in what form? They may keep it together while the Old Balls is alive and well but the moment he kicks the can you'll see calls to carve it up and feed it to private equity. (which would make the old man spin in his grave) I'm very pleased to see catastrophe claims and a weakening economic backdrop hitting at the same time as it will put pressure on earnings... oh, and he can kiss his BAC investment goodbye too.

Thu, 09/22/2011 - 11:11 | 1697043 Stumpy
Stumpy's picture

If there is some sort of Ponzi Scheme Ethics (PSE?), US owes one to Buffet and its company. Buffet agrees to ride a cycle down, but to be one the best cycle up.

Thu, 09/22/2011 - 11:24 | 1697125 AccreditedEYE
AccreditedEYE's picture

Perhaps...if he's alive by then.

Thu, 09/22/2011 - 11:42 | 1697230 Stumpy
Stumpy's picture

His mind is cloned on a supercomputer somewhere. His DNA has been fully sequenced. His body will be frozen in carbonite. He will ride the next leg up!

Thu, 09/22/2011 - 10:47 | 1696919 GeneMarchbanks
GeneMarchbanks's picture

HH called it! Five figures to stay?

'And if, as the market indicates, Buffett's buddies at the global central planning committee no longer have control of the markets, pretty soon the thousands separator comma will be converted into a decimal point.'

Long Overdue.

Thu, 09/22/2011 - 10:45 | 1696922 CaptFufflePants
CaptFufflePants's picture

Hey how much has he lost on his BAC investment? I remember the headlines on the day he invested everyione was like Buffet made over 1 billion today what a genius, then nothing, silence.


How much has he lost?

Thu, 09/22/2011 - 10:46 | 1696924 bania
bania's picture

Maybe Gates can short BRK with the proceeds going to his foundation?

Thu, 09/22/2011 - 10:46 | 1696926 lolmao500
lolmao500's picture

So when is this POS will have a heart attack?

Thu, 09/22/2011 - 11:12 | 1697057 Momauguin Joe
Momauguin Joe's picture

I've got Charlie in my Dead Pool for this year.

Thu, 09/22/2011 - 11:44 | 1697244 mynhair
mynhair's picture

Gasbagarino or Munger?

Thu, 09/22/2011 - 11:47 | 1697264 Momauguin Joe
Momauguin Joe's picture


Thu, 09/22/2011 - 10:48 | 1696932 Cognitive Dissonance
Cognitive Dissonance's picture

I love the smell of napalm in the morning.

Thu, 09/22/2011 - 10:48 | 1696935 ABG LINE
ABG LINE's picture


Thu, 09/22/2011 - 10:49 | 1696937 saulysw
saulysw's picture

It's the "buffett tax" in action.

Thu, 09/22/2011 - 10:49 | 1696940 jcmjr
jcmjr's picture

BAC is kicking his ass!! Right on!!


Thu, 09/22/2011 - 10:49 | 1696941 Sutton
Sutton's picture

Is he still short all of those puts?

He'll die broke.

Thu, 09/22/2011 - 10:49 | 1696945 falak pema
falak pema's picture

time for Oligarch bashing at ZH. Well, well, there are some who put their money to save king and country, like true soldiers. Having said that, I think behind the scenes if not on this play, then on others, there will be repayment through "regulatory capture" to soldier-Oligarch. Love the sound of that catch phrase...

Thu, 09/22/2011 - 10:50 | 1696948 Archimedes
Archimedes's picture

Yeah and BAC is at 6.22. Nearly a dollar lower than his buy in price. Ha! I would rate this event Quadruple A!

Thu, 09/22/2011 - 11:02 | 1696991 Mercury
Mercury's picture

He didn't buy the common although he got warrants thrown into the deal to buy some at around $7 I think.

He's the richest man in the world for a reason...

Thu, 09/22/2011 - 11:10 | 1697024 Archimedes
Archimedes's picture

The richest man in the world? Sure if you can get Govt guarantees on your investments. Ok dipshit..perhaps you are planning on taking Becky Quick's place fellating the Oracle?

Thu, 09/22/2011 - 11:41 | 1697224 Mercury
Mercury's picture

Oh my goodness look at that...second richest man in the world.  You got me.

The assets behind BRK (and Warren's wealth) are arguably more robust that Bill's are however.

Thu, 09/22/2011 - 11:48 | 1697269 Archimedes
Archimedes's picture

You obviously can't read. The article says nothing about Richest in the World.

Thu, 09/22/2011 - 12:10 | 1697398 Mercury
Mercury's picture

Whatever.  So he's #3 in the world. BFD

He's the third richest man in the world for a reason....

There - you happy now?

And again, I think I'd rather have Buffett's portfolio than Carlos Slim's even if Slim's is currently higher on a mark to market basis.

Thu, 09/22/2011 - 10:51 | 1696958 SDRII
SDRII's picture

f r e e f l o a t........i n g a w ay

Thu, 09/22/2011 - 10:57 | 1696961 Mercury
Mercury's picture

BRK doesn't have much of a history of stock interesting to see if/when they go there again...

They still have...what ~$40b in cash?

Thu, 09/22/2011 - 10:52 | 1696963 xtop23
xtop23's picture

 Id love to see Buffett die penniless.

Thu, 09/22/2011 - 10:52 | 1696964 RobotTrader
RobotTrader's picture

Buffet is now the most hated businessman in America.

Even "Bathtub" Becky has lost interest.

Thu, 09/22/2011 - 11:05 | 1697014 Cleverbot
Cleverbot's picture

And what business are you in?

Thu, 09/22/2011 - 10:52 | 1696965 mr1963
mr1963's picture

Maybe buffet and Kruglass can dial up an alien invasion...

Thu, 09/22/2011 - 10:53 | 1696969 ziggy59
ziggy59's picture

now he really will pay less taxes...

Thu, 09/22/2011 - 10:54 | 1696971 Smiley
Smiley's picture

But leverage and high speed trading add liquidity to the markets; LIQUIDITY!


Thu, 09/22/2011 - 10:54 | 1696973 Dr. Engali
Dr. Engali's picture

At least he won't have to pay capital gains taxes.  We wouldn't want him to go hungry.

Thu, 09/22/2011 - 10:54 | 1696974 Smiddywesson
Smiddywesson's picture

My favorite holding time?  Forever.


The poster boy for buy and hold retires in disgrace.  I love it.

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