TikTokers Are Trading Stocks by Copying What Members of Congress Do

Re:TikTokers Are Trading Stocks by Copying What Members of C... by CharlieMunger on Wednesday September 22, 2021 @09:43AM (#28616229)

We do that, too. For example, one of those Redditors owns 22,612 BRK.B shares and has been buying since late 2002.

Berkshire spent $25 billion in 2020 (all of its operating earnings) on buybacks at an average price of $205 per BRK.B share. That buying continued at almost the same pace in 2021 and the average price paid is $220 per BRK.B share.

We can't buy at that buyback price today, but many of us would gladly pay, say, $250 per share for BRK.B.

[ Parent | on HN ]

Re:TikTokers Are Trading Stocks by Copying What Members of C... by bufferoverflow on Thursday September 23, 2021 @07:16PM (#28636812)

Yeah, but what kind of fool would sell BRK.B at $220 in 2021, when you can sell it for more on the stock market?

[ Parent | on HN ]