Rocksolid Light

News from da outaworlds

mail  files  register  groups  login

Message-ID:  

Q: Who cuts the grass on Walton's Mountain? A: Lawn Boy.

comp / comp.sys.mac.system / Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdings

SubjectAuthor
* Warren Buffett summarily dumped 56 percent of his Apple stock holdingsdavid
+- Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdingsTyrone
`- Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdingsAlan Browne

1
Subject: Warren Buffett summarily dumped 56 percent of his Apple stock holdings
From: david
Newsgroups: misc.phone.mobile.iphone, comp.sys.mac.system
Organization: i2pn2 (i2pn.org)
Date: Sun, 4 Aug 2024 14:59 UTC
Path: eternal-september.org!news.eternal-september.org!feeder3.eternal-september.org!i2pn.org!i2pn2.org!.POSTED!not-for-mail
From: this@is.invalid (david)
Newsgroups: misc.phone.mobile.iphone,comp.sys.mac.system
Subject: Warren Buffett summarily dumped 56 percent of his Apple stock holdings
Date: Sun, 4 Aug 2024 08:59:26 -0600
Organization: i2pn2 (i2pn.org)
Message-ID: <9c09edab773aa2cffaa032193d8a85c90c781ed9@i2pn2.org>
MIME-Version: 1.0
Content-Type: text/plain; charset=utf-8; format=flowed
Content-Transfer-Encoding: 8bit
Injection-Date: Sun, 4 Aug 2024 14:59:26 -0000 (UTC)
Injection-Info: i2pn2.org;
logging-data="1442489"; mail-complaints-to="usenet@i2pn2.org";
posting-account="CaHBDtkhV1D5Bt+NHXWn2/AL80wOBYc5Yj9RDiDOZCs";
User-Agent: Unison/2.1.10
X-Spam-Checker-Version: SpamAssassin 4.0.0
View all headers

On Saturday, in a filing with the SEC, Warren Buffett revealed that he had
dumped almost half of his Apple stock. Earlier this year, the company sold
a smaller number of shares, bringing the total sold this year to more than
500 million shares, representing 56 percent of Berkshire's total stake in
Apple.

https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html

Subject: Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdings
From: Tyrone
Newsgroups: comp.sys.mac.system, misc.phone.mobile.iphone
Date: Sun, 4 Aug 2024 15:49 UTC
References: 1
Path: eternal-september.org!news.eternal-september.org!feeder3.eternal-september.org!border-3.nntp.ord.giganews.com!border-2.nntp.ord.giganews.com!nntp.giganews.com!Xl.tags.giganews.com!local-4.nntp.ord.giganews.com!nntp.supernews.com!news.supernews.com.POSTED!not-for-mail
NNTP-Posting-Date: Sun, 04 Aug 2024 15:49:12 +0000
From: none@none.none (Tyrone)
Newsgroups: comp.sys.mac.system,misc.phone.mobile.iphone
Subject: Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdings
X-No-Archive: Yes
References: <9c09edab773aa2cffaa032193d8a85c90c781ed9@i2pn2.org>
MIME-Version: 1.0
Content-Type: text/plain; charset=utf-8; format=fixed
Content-Transfer-Encoding: 8bit
User-Agent: Usenapp for MacOS
X-Usenapp: v1.27.4/l - Full License
Message-ID: <O6qdnW7ERYZlPzL7nZ2dnZfqnPqdnZ2d@supernews.com>
Date: Sun, 04 Aug 2024 15:49:12 +0000
Lines: 15
X-Trace: sv3-BSKvmrhn+maMMpeaAmZ3ProfythZdvLQ4WXao3JLAkfI0ctI5a7JcsVws+F8xrn/uWmG5grUM965Y84!wWEopZuDSB7HFwH0HqCtQmlt0FMtBlNey3IAqfPKH5UDa0UXTsTNfvS898O9IOjlV2B7ibfR9unU!+IRvK86dQ6Q=
X-Complaints-To: www.supernews.com/docs/abuse.html
X-DMCA-Complaints-To: www.supernews.com/docs/dmca.html
X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers
X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly
X-Postfilter: 1.3.40
View all headers

On Aug 4, 2024 at 10:59:26 AM EDT, "david" <this@is.invalid> wrote:

> On Saturday, in a filing with the SEC, Warren Buffett revealed that he had
> dumped almost half of his Apple stock. Earlier this year, the company sold
> a smaller number of shares, bringing the total sold this year to more than
> 500 million shares, representing 56 percent of Berkshire's total stake in
> Apple.
>
> https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html

He spent $40 billion on Apple stock over the years. He sold ALMOST half of
that stock and pocketed $76 billion.

That's a pretty good return on investment. Because Apple stock is currently at
its all-time high.

Subject: Re: Warren Buffett summarily dumped 56 percent of his Apple stock holdings
From: Alan Browne
Newsgroups: misc.phone.mobile.iphone, comp.sys.mac.system
Organization: UsenetServer - www.usenetserver.com
Date: Sun, 4 Aug 2024 16:27 UTC
References: 1
Path: eternal-september.org!news.eternal-september.org!feeder3.eternal-september.org!news.gegeweb.eu!gegeweb.org!usenet-fr.net!feeder1-2.proxad.net!proxad.net!feeder1-1.proxad.net!193.141.40.65.MISMATCH!npeer.as286.net!npeer-ng0.as286.net!peer03.ams1!peer.ams1.xlned.com!news.xlned.com!peer02.iad!feed-me.highwinds-media.com!news.highwinds-media.com!fx17.iad.POSTED!not-for-mail
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
Subject: Re: Warren Buffett summarily dumped 56 percent of his Apple stock
holdings
Content-Language: en-US
Newsgroups: misc.phone.mobile.iphone,comp.sys.mac.system
References: <9c09edab773aa2cffaa032193d8a85c90c781ed9@i2pn2.org>
From: bitbucket@blackhole.com (Alan Browne)
In-Reply-To: <9c09edab773aa2cffaa032193d8a85c90c781ed9@i2pn2.org>
Content-Type: text/plain; charset=UTF-8; format=flowed
Content-Transfer-Encoding: 7bit
Lines: 36
Message-ID: <pZNrO.55623$MC82.19890@fx17.iad>
X-Complaints-To: abuse@usenetserver.com
NNTP-Posting-Date: Sun, 04 Aug 2024 16:27:01 UTC
Organization: UsenetServer - www.usenetserver.com
Date: Sun, 4 Aug 2024 12:27:01 -0400
X-Received-Bytes: 2080
View all headers

On 2024-08-04 10:59, david wrote:
> On Saturday, in a filing with the SEC, Warren Buffett revealed that he had
> dumped almost half of his Apple stock. Earlier this year, the company sold
> a smaller number of shares, bringing the total sold this year to more than
> 500 million shares, representing 56 percent of Berkshire's total stake in
> Apple.
>
> https://www.inc.com/jason-aten/6-words-explain-why-warren-buffett-just-dumped-half-of-his-160-billion-stake-in-apple.html

Warren Buffet does not do:

- summarily
BH sold off the stock in an orderly manner in order to not cause a run.
They don't want the price to collapse while converting.

- dump
Same reason

What he does do from time to time is increase BH liquidity in order to
be in position to make other purchases.

The sale netted (on just half of owned shares) some $76B and free'd up
$110B in cash.

For perspective: that's enough cash (just the profit: $76B) to buy out
the top 5 US airlines with cash to spare.
(Not a good cash cow these days).

--
"It would be a measureless disaster if Russian barbarism overlaid
the culture and independence of the ancient States of Europe."
Winston Churchill

1

rocksolid light 0.9.8
clearnet tor