Warren Buffett’s Berkshire dumps most of Goldman Sachs stake

Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by dilandau on Saturday May 16, 2020 @08:25AM (#23202829)

Many in finance think we're headed for deflation. If that's the case, dumping equities for cash is a sensible move. He may be expecting chaos in the banking sector as bankruptcies roll in, and these mortgage fund fraud allegations gain traction.

It's going to be a wild decade. Watch the government use this to vastly expand surveillance powers, too. Not going to be good for the average American.

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by altmind on Saturday May 30, 2020 @04:53AM (#23359614)

> Many in finance think we're headed for deflation.

More in the firnance think we're headed for inflation. as soon as money leave equities/deriv markets.

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by mxschumacher on Saturday May 16, 2020 @09:40AM (#23203278)

The positions in GS and WFC have been reduced over the last few quarters, these sales should not be interpreted as "dumping equity" - besides the large private holdings (insurance, rail, energy, lots of manufacturing, retail etc), Berkshire still holds $200bn worth of equity.

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by valuearb on Saturday May 16, 2020 @03:27PM (#23206458)

Wasn’t the WFC reduction you keep BRK under the 10% limit for banks?

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by dilandau on Saturday May 16, 2020 @10:08AM (#23203488)

Thanks for clarifying

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by gruez on Saturday May 16, 2020 @10:49AM (#23203816)

>Many in finance think we're headed for deflation

Is that really a problem, considering it can be combated with money printing?

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by MiroF on Saturday May 16, 2020 @03:26PM (#23206449)

> Many in finance think we're headed for deflation

Pshh - not as long as we have a central bank.

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by magicsmoke on Saturday May 16, 2020 @10:53AM (#23203845)

Isn't the Fed supposed to print as much money as necessary to ensure positive inflation?

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