Warren buffett wake up time1/9/2023 ![]() 27, 2017, Buffett told CNBC’s Becky Quick that “…we are not in bubble territory, or anything of the sort,” despite many market observers saying that the current bull run was getting frothy. Stocks Are CheapĪnother one of Buffett’s more famous predictions came to fruition despite the obstacle of a virus New York, USA - July 29, 2016: The illuminated Dow Jones sign in times square late in the night as the latest news streams on the led board. He famously told Fortune in 2015, “I’m one-quarter Coca-Cola.” ![]() He drinks an average of five cans of the stuff - the nutritional equivalent of junk bonds - every day for a total of 25 percent of his daily caloric intake. Buffett’s love of Cherry Coke is the stuff of legend-he switched after nearly 50 years of chugging Pepsi. In many ways, Coca-Cola epitomizes the entire Warren Buffett investment approach - to take long-term positions in big, established companies that perform well and whose business models you understand. ![]() While the stock has seen its ups and downs, it’s trading above $50 per share today. Today, Berkshire Hathaway owns 400 million shares, more than 9 percent of the company. One of Buffett’s biggest stock market wins can be traced to an investment that started in 1988, the year he first bought into Coca-Cola. Today, Bank of America is trading at around $37.40 a share, and Buffett purchased Berkshire’s more than 1.03 billion shares-the second-largest holding in his portfolio-at an average price of $24.24 per share.ĪTLANTA - JANUARY 25: The Coca-Cola World Headquarters building located in Atlanta, Georgia on January 25, 2015. Even better, the preferred stock came with warrants that allowed Buffett to buy 700 million shares of Bank of America at $7.14 per share.Īt the time, Buffett made this prediction in his annual investment letter: “Our warrants to buy 700 million Bank of America shares will likely be of great value before they expire.” When Buffett exercised the warrants in 2017, he earned $12 billion. The preferred shares paid a hefty 6 percent yield, resulting in $336 million in annual dividend payments to the company. With the stock trading below $7 per share compared to $19 the year before, Buffett smelled a bargain and bought $5 billion in preferred shares in Bank of America. In 2011, Bank of America was suffering from the aftershocks of the subprime mortgage crisis. Bank of America in Beverly Hills - LOS ANGELES / CALIFORNIA - APRIL 20, 2017.
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