Buffet is fine as he is one of the most successful portfolio managers of our lifetime. But that doesn't mean he can't be wrong on any one individual stock or even a handful of stocks. As long as he is right in the long term on the total portfolio, it's all good. But you are right, Buffet isn't your friend but he never said that he was. People take him out of context and running with it.johnnyepy666 wrote: ↑ I just saw this buffet dude brought IBM and after he bought it , it was down every year. How come nobody talks about this. Also he bought snowflake which is more overvalued than PLTR and noone says anything either. People need to wake up and realize this buffet dude isn't your friend.
- Last Updated:
- Feb 26th, 2021 4:40 pm
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- SCORE+129
- craftsman
- Deal Expert
- Jan 27, 2006
- 15902 posts
- 8780 upvotes
- Vancouver, BC
- shadowsteve
- Deal Addict
- Jul 5, 2008
- 1448 posts
- 1248 upvotes
- faken
- Deal Fanatic
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- Sep 21, 2007
- 6530 posts
- 2897 upvotes
- Winnipeg
GME is a clear indication that a shift in investing is happening.
"An essential aspect of creativity is not being afraid to fail." -- Edward Land
- faken
- Deal Fanatic
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- Sep 21, 2007
- 6530 posts
- 2897 upvotes
- Winnipeg
My bad! 🤭shadowsteve wrote: ↑ Nice. This time I had to jump back four posts to find out the convo was PLTR. At least throw the symbol into each post somewhere!
Over 28 was the breakout I was watching for. I'd rather have bought it at 22 though
"An essential aspect of creativity is not being afraid to fail." -- Edward Land
- notenoughsleep
- Deal Fanatic
- May 22, 2003
- 5857 posts
- 2924 upvotes
- Vancouver
Should have bought more DCBO yesterday!
- johnnyepy666
- Penalty Box
- Mar 28, 2017
- 508 posts
- 339 upvotes
Yes he's probably the best investor of his time. I am just so sick of people just quoting him for anything and use it as knowledge.craftsman wrote: ↑ Buffet is fine as he is one of the most successful portfolio managers of our lifetime. But that doesn't mean he can't be wrong on any one individual stock or even a handful of stocks. As long as he is right in the long term on the total portfolio, it's all good. But you are right, Buffet isn't your friend but he never said that he was. People take him out of context and running with it.
- baz5
- Deal Fanatic
- Jul 7, 2004
- 6205 posts
- 1858 upvotes
- Alpine84
- Member
- Dec 5, 2009
- 426 posts
- 432 upvotes
Not just GME, WSB. The more reddit/WSB gets talked about, the more eyes are on it and that adds more fuel to the MEME stocks. Sure, one could call it manipulating, but isn't that what hedge funds also do? WSB is returning power to the people.
- ohnabatko
- Deal Addict
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- Jan 19, 2007
- 1064 posts
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- Torontario
- Gotoff
- Deal Fanatic
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- Apr 8, 2010
- 5257 posts
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- Toronto
BB $14.70 usd AH wow!
I was expecting $18 eoy, might get that on Monday lol
Should've held my 8000 shares, now bitter sweet with 1000, had to manage and rebalance risk to Suncor though
I was expecting $18 eoy, might get that on Monday lol
Should've held my 8000 shares, now bitter sweet with 1000, had to manage and rebalance risk to Suncor though
- funkutel
- Jr. Member
- Sep 26, 2016
- 125 posts
- 111 upvotes
Anything useful to do with that power except crowdsourcing short squeezes?
- Alpine84
- Member
- Dec 5, 2009
- 426 posts
- 432 upvotes
- azorahai
- Member
- May 5, 2016
- 492 posts
- 497 upvotes
What power does it give to people exactly? You only come out ahead if you're not the one holding the bag of shit when the music stops. Its not those "evil" shorts that get hurt, its ordinary people who bought into the hype for various reasons, its not returning anything to the people, its taking from people.
Nor is it great for average people that tons of capital(however short term) gets dumped into unproductive and failing businesses. I can understand people who have a skin in the game but for the average investor or just society wise, its a terrible outcome that a video game retail chain in 2020 that sells and buys PHYSICAL discs now has a $5 billion dollar market cap.
Oh BTW, i also have to disagree that more exposure would actually increase the power of WSB, its actually the opposite. It's only going to attract more institutional players to the game who will wipe the floor with the average joe on WSB
Last edited by azorahai on Jan 22nd, 2021 6:31 pm, edited 3 times in total.
- kkl1208
- Sr. Member
- Sep 28, 2006
- 761 posts
- 167 upvotes
- Toronto
Bought atd-b for 37.70 for the long haul.
- freilona
- Deal Addict
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- Aug 4, 2014
- 3312 posts
- 3460 upvotes
- Toronto, ON
@azorahai , deep! 
- zakarydoks
- Deal Addict
- Jan 14, 2009
- 2090 posts
- 1172 upvotes
- Vancouver, BC
Nothing wrong with WSB, they are quite self aware for an investment sub. It's like people going to Vegas or playing the lottery, it's for fun.azorahai wrote: ↑ What power does it give to people exactly? You only come out ahead if you're not the one holding the bag of shit when the music stops. Its not those "evil" shorts that get hurt, its ordinary people who bought into the hype for various reasons, its not returning anything to the people, its taking from people.
Nor is it great for average people that tons of capital(however short term) gets dumped into unproductive and failing businesses. I can understand people who have a skin in the game but for the average investor or just society wise, its a terrible outcome that a video game retail chain in 2020 that sells and buys PHYSICAL desks now has a $5 billion dollar market cap.
Oh BTW, i also have to disagree that more exposure would actually increase the power of WSB, its actually the opposite. It's only going to attract more institutional players to the game who will wipe the floor with the average joe on WSB
- jerryhung
- Deal Expert
-
- Sep 19, 2004
- 23924 posts
- 5572 upvotes
- where I belong
what a crazy day, won some, missed some (like $GME $50 buy orders missed, DUH)
Don't really make sense either with markets down :P this market is insanity, making daily moves BIGGER than ER moves
+20% clubs - JMIA, PLTR, MGI (b4 it dropped back)
Feels like +10% are nothing nowadays - DDD, RIOT/MARA
Megacaps - why do we even bother? LOL
missed some - GME, BB (why the pop?), CCIV
At least the week is over, whew~
Don't really make sense either with markets down :P this market is insanity, making daily moves BIGGER than ER moves
+20% clubs - JMIA, PLTR, MGI (b4 it dropped back)
Feels like +10% are nothing nowadays - DDD, RIOT/MARA
Megacaps - why do we even bother? LOL
missed some - GME, BB (why the pop?), CCIV
At least the week is over, whew~
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- CEOofPopeyes
- Sr. Member
- Jun 2, 2017
- 606 posts
- 276 upvotes
This week has been nuts.
Still Hold:
APPS
BNGO
NNDM
Traded Netflix and PLUG for quick profit.
Still Hold:
APPS
BNGO
NNDM
Traded Netflix and PLUG for quick profit.
- sleepyguy
- Deal Fanatic
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- Jun 11, 2001
- 9283 posts
- 1487 upvotes
You forgot... "To the moon" sector aka Faken and Actuary20 picks, haha!
- EuRaFree
- Sr. Member
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- Dec 2, 2017
- 523 posts
- 532 upvotes
It would have the same weighting as my basic mat one, so decided not to include it
At least my basic materials one occasionally raising for a few % that's why it's there lol
Last edited by EuRaFree on Jan 23rd, 2021 12:15 am, edited 1 time in total.
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