Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
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Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
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Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#2... but is probably smart enough to buy other 10% of our lives. look at this and tell me this man got no 20/20 forward vision https://news.ycombinator.com/item?id=22401875
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#3Yes. Buffet has cash. Buffet has lots of Cash for the last 10 years or so, and has said that there has been a distinct lack of opportunity to deploy that cash in significant chunks to buy good companies at reasonable valuations.
What I'd really like to know is the breakdown of their exposure to life insurance (re?) vs other insurance products (auto) that might not be as badly affected by the pandemic. He's said that they've been on a good insurance run for a while, but that it will end at some point with a really bad event. I don't know if this is that bad event.
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#4Yes. Buffet has cash. Buffet has lots of Cash for the last 10 years or so, and has said that there has been a distinct lack of opportunity to deploy that cash in significant chunks to buy good companies at reasonable valuations. What I'd really like to know is the breakdown of their exposure to life insurance (re?) vs other insurance products (auto) that might not be as badly affected by the pandemic. He's said that…
Insurance doesn't normally cover pandemics.
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#5Whatever Warren Buffet does at this stage is going to be a success. Everything he does becomes self-fulfilling.
People like him don't predict market movements, they cause them.
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#6> Buffett prizes financial security and has vowed to never exhaust Berkshire's cash pile.
Supreme risk management, risking only a fraction of the cash. Do the same and there will always be opportunities to buy on any valley/dive. The biggest the valley/dive, the biggest buying opportunity.
I admire his motto: http://enrichwise.com/wp-content/uploads/2014/08/Fantastic-W...
and he keeps proving it right!
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#7Yes. Buffet has cash. Buffet has lots of Cash for the last 10 years or so, and has said that there has been a distinct lack of opportunity to deploy that cash in significant chunks to buy good companies at reasonable valuations. What I'd really like to know is the breakdown of their exposure to life insurance (re?) vs other insurance products (auto) that might not be as badly affected by the pandemic. He's said that…
Insurance doesn't normally cover pandemics.
Parent comment is probably referring more to the next monster natural disaster(s) racking up many billions in damages: hurricane, flood, earthquake, etc. The insurance business feels good when it's bringing in payments and not paying out much.
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#8Do the world a favor and buy Fox news or News Corp O:)
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#9Yes. Buffet has cash. Buffet has lots of Cash for the last 10 years or so, and has said that there has been a distinct lack of opportunity to deploy that cash in significant chunks to buy good companies at reasonable valuations. What I'd really like to know is the breakdown of their exposure to life insurance (re?) vs other insurance products (auto) that might not be as badly affected by the pandemic. He's said that…
Insurance doesn't normally cover pandemics.
Insurance covers insurable events, some of them may be triggered by a pandemic, and some of those might be excluded. Check your fine print.
* Life insurance is probably going to take a hit. My life insurance doesn't mention pandemic or acts of god. Suicide yes. Pandemic no.
* Auto insurance is probably going to be marginally more profitable as miles driven drop.
* Home/Property isn't likely to be heavily affected.
* Health insurance is going to take a major hit. Probably in the bailout/re-capitalization range.
* Reinsurance is going to be dependent on the specific underwriting that's been done.
* Travel insurance. Ha. This is an extinction level event for them, so it's excluded.
Re: Warren Buffett has the cash to buy Tesla, Starbucks, or McDonald's
#10Can someone with more experience explain what does "cash" mean in this context? Is it saying that 100 billion isn't actively invested and is simply being depreciated by inflation? It's said it's tied up in 'short-term investments' but that's not clear to someone who doesn't have knowledge of this domain.