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A comment on Warren Buffett’s Berkshire dumps most of Goldman Sachs stake. Parent comment

Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by mxschumacher on Saturday May 16, 2020 @09:44AM (#23203312)
because he didn't predict a global pandemic and a government ban on flying?

Selling at a loss is hard, Kudos to Berkshire for understanding that the world has changed and acting accordingly, most investors are going to try to sit this out and might well lose everything in the process.

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by rcpt on Saturday May 16, 2020 @12:00PM (#23204512)
Why couldn't he predict it in February?
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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by mxschumacher on Saturday May 16, 2020 @01:18PM (#23205274)
If you know more than people managing hundreds of billions of dollars, you should consider getting into finance. Shorting the market before February 19th 2020 was quite brilliant.

I suppose that few people predicted that this crisis would hit America so hard

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by MiroF on Saturday May 16, 2020 @03:28PM (#23206468)
Half of the people managing hundreds of millions of dollars fail to outperform the market once they start managing those hundreds of millions of dollars.
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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by mam2 on Tuesday May 19, 2020 @03:56AM (#23232413)
Half of wallstreetbets made milions on shorting the maket on the coronavirus. That was not really so hard and he just fucked up.
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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by valuearb on Wednesday May 20, 2020 @10:24AM (#23247136)
Half of Wall Street bets made photoshop money. Few there actually makes the trades they claim.
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