Buffet buys Verizon and Chevron
Why?
Verizon and Chevron to the moon 🚀🚀💎💎
Old fart 💨
Ok boomer
Because he doesn't know you can call over the internet and can charge cars in your bedroom
Buffet has made zero tech investments when they mattered. He simply doesn’t understand the tech based world we live in. This is the same person who passed on Amazon, Google, Facebook, Netflix, AMD, Nvidia, Square, Salesforce for the most part of the 2010s only buying Amazon for the first time in 2019. And I’m not sure if he ever invested in any of the others as well. Why would you ever trust him in today’s age?
Berkshire gained 90b on aapl. Who cares if he missed literally every other huge tech gainer. 90b is 90b
Exactly don’t look to buffet for tech or bitcoin etc. Also he’s best friends with bill gates but didn’t invest in Microsoft
My best guess is because 1) Verizon has a 4.6% dividend yield while Chevron has a 5.6% yield and 2) the Buffett indicator he popularized is at an all time high so he’s investing while playing it safe in high yielding stocks. If the market crashes paper gains could prove illusory while cash in the bank is yours. Buffett often talks about investing in stocks that return back to him loads of cash so that he can reinvest it elsewhere.
Half these companies stopped giving out dividends when the market crashed last year. Many are yet to resume dividends. His philosophy is nonsense because companies treat dividends as something to cut nowadays
¯\_(ツ)_/¯
Because he is old and outdated. You guys focus on crypto and GME. To the moon. /s
Yeah Buffett doesn’t understand tech at all besides Apple
Yeah and he doesn’t understand the stock market at all other than the ~84B he’s made off it.