I bought 1 share of BERKSHIRE HATH HLD B (BRK-B) 10 minutes ago July 15, 2009Posted by deminvest in Berkshire Hathaway, BRK, Defensive Stock, investment, investment strategies, oil stock, stock I own, stocks.
Tags: Buffet, financial gurus, Guru
The most expensive share I ever got: 1 costs $ 2,849.
I hate gurus, but I had to invest on Warren Buffet’s BERKSHIRE HATHAWAY this time, because Buffet could exploit the crisys, taking advantage of tax payer’s money like we the people, the small investors, simply cannot do:
- He was able to lend money to troubled financial institutions at very high interest rates
- Those high interest investments are safe almost like US Corporate Bonds because US government decided that those financial institutions are “too big to fail”. Of course Buffet had talks with both administrations. He knew he could get huge interest rates and be backed by taxpayer’s money
- Moreover, if financial stocks will recover, Berkshire Hathaway can convert those credits into shares no matter how high they will get
This situation for Warren Buffet is WIN WIN WIN… win getting high interest rates,win bacause goverment backed, win because stocks may rise.
Berkshire also has shares of good companies,which I like.
I consider those deals, tailored for Berkshire, as ripoffs because they are not available to us small investors. Investing is about reality. Reality is the fact that those deals have been made. All I can do is to take some advantage of them.
The only trouble is that with 1 share I can’t use my free stocks strategy.
Update: [ Feb 23 2010: Why I sold BRK ]