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DFW

(60,699 posts)

5. I should ask my well-off friend in Dallas what he thinks.

Reply to Uncle Joe (Original post)

Sat Jun 13, 2026, 04:56 PM

Saturday

He has about 60 shares of Buffett's Berkshire Hathaway-A stock, which cost him an average of under $70,000 a share. They are now ten times that. If he thinks there is a big bust on the way, he'll sell and eat the capital gains tax bill, which will be immense. He has a sixth sense about investing, which is how he came to accumulate so many share of BRK-A over 25 years ago to begin with. If he gets nervous enough to unload it all, even when it means a $12 million tax bill (or whatever it is these days) on the gain, I think THEN I will follow his lead on my own meager portfolio.

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Highlight:

Buffett Expects a COLLAPSE [View all] Uncle Joe Saturday OP

Of course there will be edhopper Saturday #1

The encouraging thing is that he has it 'parked in boring old government T-bills' lostnfound Saturday #2

I've just stuck with mostly credit union CDs. Crowman2009 Saturday #7

Ummm...you know that FDIC insurance you're probably hoping you'll never need? A HERETIC I AM Saturday #13

How about NCUA? BidenRocks Saturday #15

That's federally insured too EdmondDantes_ Saturday #20

I think it means he thinks the dollar won't collapse as much as other currencies questionseverything Saturday #9

Uncle Joe, that's a pro-crypto and pro-AI firm based in Dubai. On X their account is Coin Bureau: highplainsdem Saturday #3

Thanks for the heads-up highplainsdem, Uncle Joe Saturday #4

I'm not going to watch a video from crypto bros. You can find info on Buffett's investments, and his highplainsdem Saturday #10

$300 billion Is Exactly DallasNE Saturday #16

Like tulip bulbs. No real value. multigraincracker Saturday #14

I should ask my well-off friend in Dallas what he thinks. DFW Saturday #5

Sounds reasonable. GoodRaisin Saturday #19

Says who? WhiskeyGrinder Saturday #6

Counterpoint Happy Hoosier Saturday #8

I posted this on another thread, but it may fit better here Bluetus Saturday #11

We're near all time highs... of course there will be a dip. Smart people will buy the dip. WarGamer Saturday #12

I don't think that's what Buffet is saying. Bluetus Saturday #17

Precisely he said that the market psychology now was as a church combined with a casino. Uncle Joe Saturday #18

That was an interesting dynamic (referring to his successor) Bluetus Saturday #21

One YouTuber's "COLLAPSE" is another person's valuations returning to sanity. LudwigPastorius Sunday #22

He was sitting on record cash.....in 2023 Melon Sunday #23