‘Quiet’ Warren Buffett has three ways to win in this market, says BrettArends. Here they are:
At times like this it must be a relief to have some of your retirement portfolio managed by Warren Buffett.
If the stock market goes up, that should be great for the stock. Berkshire has investments in Bank of America BAC, -2.62%, Goldman Sachs GS, -2.00%, various airlines, and other companies sensitive to the economy. Berkshire Hathaway held just over $250 billion in publicly traded stock as of Dec. 31, and is currently nursing about $100 billion in paper losses on these just from the recent crash.
Then there’s the third way to win. If things don’t get much worse, or much better, but bounce around indefinitely, Buffett can always use some of that cash to buy back Berkshire stock. Total spent: $5 billion, at an average price equivalent to $207 per B share. The highest price paid was $222.Financial advisers will typically warn ordinary investors not to dabble around in individual stocks, but to stick to mutual funds — especially, these days, “index funds” with very low expense ratios.
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