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Warren's Wisdom: Don't hold money during a war

March 03, 2014 | About:

Warren Buffett (Trades, Portfolio) on CNBC, discussing Ukraine, bitcoin, and the stock market:

"When I got up this morning I looked at a stock on the computer in the trades in London that were buying. It's down and I felt good. What was the stock? It was an english stock. So you look at this -- would you have done that anyway, or not the futures were down, would you still be buying? I had a price limit on it and we were buying it on Friday. But it's cheaper this morning. Rhat's good news."

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Rating: 3.3/5 (3 votes)

Comments

lflaksin
Lflaksin premium member - 4 months ago

Tesco?

tgotech1
Tgotech1 - 4 months ago

CHLORINE GAS TRANSPORTATION SAFETY
First Responders ask federal administrations to consider adding secondary containment to rail tank cars used to transport chlorine gas, providing lifesaving safety to First Responders and the public they serve. See First Responders Comments at PETITION C KIT.

vgm
Vgm - 4 months ago

Lflaskin -- good question. He reduced his Tesco holding significantly in recent months from 5.2% to 3.7% which might suggest it's not Tesco.

If it's for Berkshire, it needs to have a sizable market cap and will be in the FTSE 100. Looking at the list and in particular those that have slumped of late including today (he said he had a target buying price) I wondered about Unilever, Centrica or BG.

If he's buying it for his personal portfolio, the pool of possibilities would be much wider.

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