Berkshire Hathaway, whose Chairman and CEO is Warren Buffet, sold off all of its position in Intel (7,745,000 shares). Then, they reinvested with positions that include National Oilwell Varco (2,841,200 shares) and Phillips 66 (27,163,918 shares). It would appear that we will see oil prices increase substantially.
That is not a good sign. I know I have talked with several small business owners over the past three months and they will tell you in a flat second they will not hire anybody until they find out how the election is going to go. Business owners are very relucant to do anything right now.
-- Posted by swampeastmissouri on Sun, Aug 19, 2012, at 12:50 PM
In 3 weeks I've seen an almost 40 cent increase.
This isn't my area of knowledge, but I just wonder, why, if refineries in the Great Lakes are breaking down, Warren Buffet is investing so heavily in oil?
They're probably going to ship the crude overseas to be refined, then back to us as finished product. That way, Berkshire Hathaway can screw us coming and going. The slick boogers.
And Soros is selling his bank equities and buying gold! Wow.
-- Posted by dchannes on Sun, Aug 19, 2012, at 1:02 PM
"If either George Soros or Warren Buffet truly had big expectations for an economic change they would be moving 10%-20%-30% percent of their assets.
-- Posted by Nil on Sun, Aug 19, 2012, at 12:58 PM"
At the same time, if they were to move investments at the 1o%, 20% or 30% level all at once, it would tip their hand.
Nothing to panic about right now, I know.
I still thin it bears watching. When the wind changes direction, it doesn't always do so with a gust.
-- Posted by dchannes on Sun, Aug 19, 2012, at 1:11 PM
Update:
John Paulson, #17 on Forbes list, worth $15.5 billion, has invested $700 million in EFT gold, which is about 4.5% of his reported worth.
-- Posted by dchannes on Sun, Aug 19, 2012, at 2:32 PM
-- Posted by dchannes on Sun, Aug 19, 2012, at 2:47 PM
I want to switch gears a little bit.
While looking at what the richest people in the US are investing in I found an investment in the Paul Ryan campaign made by casino giant Sheldon Adelson. Actually called a 'donation', Adelson promised $100 million to Ryan.
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George Soros, multi-billionaire, sells equities and buys gold even as stock markets reach four year highs. What's HE know that we don't?
http://www.hangthebankers.com/new-world-order-operative-george-soros-dumps-his-s...
Berkshire Hathaway, whose Chairman and CEO is Warren Buffet, sold off all of its position in Intel (7,745,000 shares). Then, they reinvested with positions that include National Oilwell Varco (2,841,200 shares) and Phillips 66 (27,163,918 shares). It would appear that we will see oil prices increase substantially.
http://www.businessinsider.com/berkshire-hathaway-13-f-2012-8#ixzz240keOXZe
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