Warren Buffet’s maneuver is a “speculative frenzy” in the market and explains why he hopes the actions will be much more

Warren Buffett’s maneuver calls attention to a “speculative frenzy” in the capital market estadounidense and indicates that I do not hope that the prices of the actions will be much greater.

Charlie Munger, Vice President of the Conglomerado Berkshire Hathaway de Buffett, a 97-year-old president of the Daily Journal Corporation, editor-in-chief of the diary and software. His statements were directed to the shareholders of that last company.

The price of the Daily Journal shares reached a historic high of USD 404 on December 31, almost 50% lower in the previous four weeks.

This price is set in the middle of a large speculative frenzy and many comparisons forced on the part of the index funds

‘This price is set in the middle of a large speculative frenzy and many comparisons forced on the part of the index funds”, Dijo Munger in his card to the Daily Journal shareholders this month.

The 97-year-old investor was also referred to the Daily Journal’s shareholder card, which accounts with Bank of America and Wells Fargo among its holdings. Its value is estimated at 45% up to 260 million dollars in the quarter of 2020.

“The shareholders will not have to hope for a significant revaluation at the end of this level in short,” he said.

Además, Munger pointed out the difficulty of finding corridors in the current market. The Daily Journal’s “liquidity treasury” – with its effectiveness and actions – provides “the periodic retention rates, multiplied by the opportunities offered by a class that is not widely available”, he said.

Munger’s map echoes his comments in a virtual interview last month. The inversor also has at the moment a “frenzy” in the actions, and describes the technology companies as Apple assures market capitalization of a trillion dollars as “the most dramatic thing that has ever happened in the entire history . ”

In this virtual conference there is a series of 22 definitions regarding how to think about inversion, which are its most admired competitors and what is thought of philanthropy:

1. “It is noteworthy that a large space venture has obtained the people like us to treat themselves consistently and stupidly to treat very intelligent people.”

2. “There was a frenzy of activity on the camp of the inversion. All intelligent people are absorbed in the finances and money of the diner. Nee my gusta nada. Geen creo que queramos que el mondo entero hacerse rico superando al resto del mundo en negotiores val ”

3. “Technology is a tool as an opportunity”

The shareholders will not have to hope for a significant revaluation at the end of this level in brief

4. ‘A Largo plazo, United States companies are more concerned with biology than with anything else. In biology, all individuals mueren, just as all species. It is only a question of time; in the negotiations inevitably its goals ”.

5. “Berkshire is the owner of the Burlington Noord railway car. Can’t think of a more anticipated deal than the railroad. When did you create another railroad car? Hicimos de eso un écito, no conquistando el cambio sino evitándolo ”.

6. “America’s most notable investment firm is probably Sequoia. This venture capital firm is passionate about the vanguard of modern technology. Han hecho más dinero que nadie y tienen elmeister register de inversión de todos. It’s perfectly surprising what he hecho ”, dijo to praise Sequoia Capital, one of the first investors in Apple, Google, and more Airbnb recipients.

7. “Me froto la nariz para recordar mis propios errores. Treat yourself to keep things simple and fundamental as you can. And I like the concept of engineering for a margin of safety. Only to avoid being stupid ”, afirmó para beskrywe su enfoque de la inversion.

8. “The most important thing to do is to avoid stupid mistakes. Know the limit of your own competence. It’s very difficult to make it The human mind naturally tends to think that you are much more intelligent than the one in reality sos”.

9. “The last thing Querría does in the minority business is compete with Costco”.

10. “What Buffett and I hicimos are buying things that eran promises. Sometimes we have a windfall of the economy and sometimes a windfall of some and some ways we follow. It is our system ”.

11. “Geen puedes vivir una vida exitosa sin hacer algunas cosas difisikel que salen mal. It is the nature of the game and we will not take it seriously enough if we treat it to avoid it all ”

12. “The frenzy is great and the compensation systems are great. Creo que los retornos bajarán”, Respondi sobre si espera las las ganancias de valores sean más bajos en los proximos 10 años que in la ultima decada.

13. “We are very discouraged water. Nadie se las ha arreglado con la cantidad de emission de dinero actual por een period muy largo sin algun typo problem. We are very close to playing with fugue ”, he says in reference to the tasks of a monetary flexibility without precedents and an aggressive fiscal guest in the last months.

14. “Recuerdo haber comido a filet minin de cinco platos en Omaha por 60 centavos cuando era pequeño. The world has changed a lot ”.

It is noteworthy that a large space sale has been obtained by the people like us to treat them consistently and stupidly to treat very intelligent people.

15. “Nadie sabe cuándo van to explode las burbujas. But only because the Nasdaq does not mean that it has to be correlated as it is very fast. This page is incredible. Nunca ha habido nada parecido ”.

16. “Think of what Apple compared to John D. Rockefeller’s empire. There is the most dramatic thing that has ever happened to the world history of finance”, Expressing about the appreciation of the valuations of technology companies in the last years.

17. “¿Quién hubiera imagined that a group of Chinese communists led by a party tendrian the best economic register that the world has ever seen? ”.

18. “No one believes that Caltech can make big investments in the majority of the people. I believe the great inversionists are almost like his great players of honor. Casi han nacido para ser inversores ”.

19. “Those who know much, but on the part of temperament, on the other hand have different gratification, those who are willing to hope. A good inversion requires an extra combination of grace and aggression and not much for the teen. También vereis una grant cantidad de autoconciencia sober quanto sabes y qué no sabes. Those who know the limits of their own competence, and many people think brilliantly that they are much more intelligent than they are. “And for that matter, it’s annoying and causes problems,” he explained as he had a good investor.

20. “The one who helps everyone get into a place that is subdued, and lives without much talent or work”, is a referee on the truck more easily than the exit.

21. “If you follow any career with enough fanaticism, it’s probably probably better function than not to hold the fanaticism. Mira’n Warren Buffett; it has a fanatical interest in making inversions from a temperamental edifice, and makes certain inversions, and finally learns to be very good at it ”.

22. “Geen estoy tan orgulloso de mi philantropía nie. Consider that there is an absolute minimum required for all that is reasonably exit is reasonably generous. I do not believe that great points of merit are gained by the philanthropy that is done ”.

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