Re:Warren Buffett traded Goldman Sachs for gold
by soulofmischief on Saturday August 15, 2020 @02:33AM
(#24166537)
Buffet was commenting on the social absurdity of the situation, but that has little bearing on his investment strategies. Money is money, and I'm sure Buffet has similar contempt for quite a few industries he's invested in.
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Re:Warren Buffett traded Goldman Sachs for gold
by cafebabbe on Saturday August 15, 2020 @06:19AM
(#24167722)
A very forgiving description for what is just plain hypocrisy.
Re:Warren Buffett traded Goldman Sachs for gold
by soulofmischief on Saturday August 15, 2020 @03:33PM
(#24171623)
If I think that fidget spinners are a stupid trend, but I know a guy who will buy 100 boxes from me, I'm going to make that transaction. There is nothing hypocritical about this. I can happily take money from people while holding them in contempt. Don't you do this at your own job when you get a paycheck from your boss?
Re:Warren Buffett traded Goldman Sachs for gold
by dunce2020 on Saturday August 15, 2020 @07:10AM
(#24168013)
That's not hypocrisy.
Re:Warren Buffett traded Goldman Sachs for gold
by thedudeabides5 on Saturday August 15, 2020 @11:00AM
(#24169347)
Yeah it’s called “shifting the portfolio” and seems a reasonable thing to do for the worlds best fundamental investor in this time of unlimited printing.
Re:Warren Buffett traded Goldman Sachs for gold
by WealthVsSurvive on Saturday August 15, 2020 @02:09PM
(#24170923)
Yeah, he's actively betting on people making poor choices in times of panic, not on Gold. Gold is merely the medium. It's not hypocritical at all.