mikeon88

mikeon88

喜歡看M大戳同學腦袋  
從小到大沒有被老師這樣戳腦過
這一生值得 不只是贏再表
更是真正的重新當一個學生
幾世難逢的導師
...
jennycaplock 發表於 2020-5-6 22:39

更歡迎同學來戳我的腦袋

mikeon88

「這兩三年一直維持低持股」是錯的，
因為光去年我就賺了22%，
若無這22%此波跌下來總績效就變負的，
而非現在+18%。

+18%比空手多年今年才進場的人好，
raymondkuo桑的績效不是才翻正嗎？
今年還是我的提醒同學才懂得進場，不然仍在存定存

mikeon88

巴班的各國明牌都是根據kaka桑提供的名單發展出來的，
萬分感謝kaka桑的辛勞

mikeon88

mikeon88

Berkshire Sells Majority of Goldman Stake, Trims JPMorgan
By Katherine Chiglinsky , 2020/5/16 上午4:27:53
Warren Buffett
Photographer: Andrew Harrer/Bloomberg
Warren Buffett’s Berkshire Hathaway Inc. sold off most of its Goldman Sachs Group Inc. stake, a longtime holding that slumped nearly 33% during the first quarter as the global pandemic roiled financial markets.

The company cut its investment in JPMorgan Chase & Co. by 3% in the first quarter. Buffett’s company has been a big investor in banks in the past, normally trying to keep many of those stakes below a 10% level often scrutinized by regulators.
Key Insights

The Goldman Sachs holding plunged 84% to 1.92 million shares, an investment currently valued at around $330 million, Berkshire said Friday in a filing.
Buffett’s company exited a bet on Travelers Cos. and a wager on Phillips 66, a holding that had been valued at more than $25 million at the end of the year. Buffett’s long had ties to the oil refiner, even agreeing in 2013 to swap some shares for full ownership of a pipeline-services business.
Berkshire cut its investment in Amazon.com Inc. by just 0.7% in the first quarter. The Amazon wager was a newer bet, disclosed in 2019 ahead of Berkshire’s annual meeting. The retailer has warned that it’s been spending more to maintain operations during the pandemic, moves that could weigh on profit.
Berkshire did end up boosting one bank bet with an increased stake in PNC Financial Services Group Inc. In recent years, Buffett’s company has built stakes in a range of U.S. lenders, including PNC and Bank of America Corp.


老巴賣掉GS，買進PNC

mikeon88

賣光PSX、TRV和SIRI

mikeon88

https://www.marketwatch.com/story/dud-stock-picks-bad-industry-bets-vast-underperformance-its-the-end-of-the-warren-buffett-era-2020-05-14?mod=home-page

mikeon88

建議老巴多種果樹，
別執著於獵大象，中象也可以，
美股之外，日、歐也有好標的

mikeon88

我對老巴仍有很強信心
BRK股價是便宜的

除此之外，買BRK.B也為了表達我的尊崇，
我正確的投資觀念主要源自於波克夏年報的教導，
大恩大德不敢或忘

等老巴不在任時，才考慮賣股

mikeon88

https://www.chinatimes.com/realtimenews/20200520000037-260409?chdtv


股神巴菲特(Warren Buffett)也栽跟斗？一家德國製造商偽造商業憑證，以假訂單與發票與巴菲特旗下的波克夏．海瑟威(Berkshire Hathaway)進行收購交易，導致收購方需賠付6.43億歐元（約合台幣200億元）的損失。這項股神巴菲特旗下企業難得被騙的新聞，引發網民熱議，但多數都認為這家造假公司手段高明，連股神都騙得了，「有種！」「太厲害了！」


據英國《衛報》報導，這家威廉．舒爾茲(Wilhelm Schulz)是德國一家經營不銹鋼管的家族企業，目前正在接受欺詐調查，原因該公司在接受巴菲特旗下波克夏．海瑟威公司於2017年收購期間偽造訂單與發票，捏造了至少47筆交易以誇大公司的收益，讓巴菲特手下的公司為此多付出了4倍的溢價。

報導表示，事情爆發是來自於一名匿名舉報人，舉報人指該公司通過篡改檔來營造出生意興隆的假像，實際經營陷入困境，已瀕臨破產邊緣。

報導說，巴菲特很少收購家族企業，這項交易總額高達8億歐元，但紐約仲裁法院最後判決其實際價值不超過1.57億歐元，巴菲特的公司必須為此賠付6.43億歐元差額。而在美國的裁定出爐後，德國杜塞爾多夫的檢察官也準備起訴該企業前負責人，罪名是涉嫌偽造文件和偽造資產負債表的嚴重欺詐罪。

大陸微博上的網民則熱烈議論此案，有網民以「股神栽了！」「道高一尺，魔高一丈」為熱搜標籤，也有網民稱「能騙到巴菲特，這外國人造假也真不含糊呀！」、「什麼叫有種，這就叫有種，而且估計相信的也是『王侯將相寧有種乎』的名句，居然不打蝦米，直接過去捕鯨。」「連股神都騙過了，唉，跌落神壇這種方式真是尷尬。」「能騙到股神，不愧是德國人，造假也是精緻的。」

mikeon88

老巴今天血壓要飇高了

mikeon88

一直在觀察老巴晚年投資表現和衪找接班人的問題，
投資常常出現「成也蕭何，敗也蕭何」的狀況
以前讓他成功的類股，後來竟成票房毒藥
1980年代老巴績效最輝煌時的零售股，於今則慘不忍睹，
21世紀流行的FAANG又貴得離譜，
所以才陷入廉頗老矣的窘境，
這種現象尤其常見於重押者身上，
軟銀孫正義也面臨同樣困境。

建議老巴應多種果樹，別執著獵大象，中象也有好標的


至於接班人問題，
任何人絕對不可能百分之百和老巴的投資理念相合，
即便長期帶在身邊訓練。
所以最佳的接班之道是，
請老巴把自己的投資秘訣寫下來，明確數量化，
如同可口可樂的密方和我的盈再表一樣
組一個投資委員會按表操課，
如此才能永保波克夏源遠流長

mikeon88

我其實在反省自己的理財傳承：

每個家庭應及早建立巴菲特傳家基金，
在家庭日家人一起按盈再表，研讀講稿，
一路種果樹，傳承下去，
後代子孫就能脫離貧窮輪迴，永保富貴！

mikeon88

這筆交易應該是老巴底下負責油電企業的CEO買的，
即所謂Bolt-on acquisition 實業併購，
而非金融投資

mikeon88

https://money.udn.com/money/story/5599/4706791

巴菲特收購被騙案，法官周三（15日）確認耍詐的德國公司經過仲裁，須補償 6.43億歐元（7.34億美元）給巴菲特的公司波克夏旗下企業Precision Castparts。這等於波克夏討回公道，把被多騙的錢通通拿回來。
波克夏所屬的Precision Castparts在2017年以8億歐元，買下德國Schulz在德國與美國的事業。當時Schulz涉嫌假造訂單，膨脹營收，讓公司看起來充滿獲利前景，然而實際上已瀕臨破產。根據正確的估計，Schulz應該只值1.57億歐元。

路透報導，曼哈頓聯邦地區法院法官Lweis Liman確認了，仲裁庭已判定Precision可以拿回買貴的差價。Precision發言人David Dugan說：「我們將會快速執行法院這項十分合理的判決。」Schulz的代表律師則未立即回應評論。

5月下旬傳出投資眼光神準的股神巴菲特居然被這家德國公司給誆騙，當時引發一番議論。

mikeon88

Buffett spends $800M on Bank of America, boosts stake to 11%

Jul. 23, 2020 5:06 AM ETBank of America Corporation (BAC)By: Yoel Minkoff, SA News Editor3 Comments

Warren Buffett scooped up 34M shares of Bank of America (NYSE:BAC) over the last few days - at an average price of about $24 - taking his stake in the banking giant to over 11% (from about 7.4%).
Big discount? Buffett made the move with BAC shares down nearly 32% since the beginning of the year. The stock is up 1.6% premarket on the news.
The Oracle has been criticized in recent weeks over failing to deploy Berkshire Hathaway's (BRK.A, BRK.B) enormous cash hoard, which climbed to $137B in Q1.
"Bank of America trades at 83% of book value and around 9 times a conservative estimate of normalized earnings in a low-rate world," writes Tim Travis in a SA article, Bank Of America's Strong Credit Profile And Earnings Profile Make For A Compelling Buy.

mikeon88

老巴是金融股研究員出身，
當不曉得買什麼股票時就會回來買衪最熟悉的金融股

mikeon88

老巴說即便知道下週股市會大跌，今天仍會買進股票
但這次卻在等如2009年金融海嘯的求救電話？
更在恐慌時期賣航空股 ...

Curry 發表於 2020-7-23 17:28

今年股災跌了4成，很快又彈上去，
老巴可能一時猶豫而錯失反彈。
可見不要因下跌而降低持股是對的，
否則剛賣完股票沒多久又要買回來，
這實非常人可及

mikeon88

https://www.cnbc.com/2020/02/28/data-backs-up-warren-buffetts-simple-advice-for-investing.html?__source=facebook%7Cmain

KEY POINTS
Data released by the Credit Suisse Research Institute showed that equities have provided an annualized real return of 5.2% since 1900, compared to 2.0% for bonds and 0.8% for Treasury bills.
In a recent interview with CNBC, 89-year-old Berkshire Hathaway CEO Buffett said he had been a net buyer of stocks every year since he was 11, a period which has seen 14 U.S. presidents.