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A comment on 2020 Berkshire Hathaway Annual Letter [pdf]. Parent comment

Re:2020 Berkshire Hathaway Annual Letter [pdf] by whb07 on Saturday February 27, 2021 @03:09PM (#26287715)
Go on cnbc, cry about the world ending and being scared for your life and then buy up everything circa march.

Also Buffet is old enough to have remembered other "pandemias" and times of volatility. He was there during the hong kong flu of 69. He was around when Polio was a thing. Hes been through Black Monday and 9/11.

Tons of money to be made in volatility. You're using that word in a negative manner. Volatility up is a great thing.

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Re:2020 Berkshire Hathaway Annual Letter [pdf] by JesseMeyer on Saturday February 27, 2021 @05:39PM (#26288824)
And volatile down is no worry sitting on a huge pile of cash.

Buffet is well known to play long, big, safe, predictable bets, with recent exception with airlines with bad COVID timing. All this is consistent with his personality and history as an investor.

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