Reply to post: " I call BS. Buffet's way too smart for that."

Moneybags Buffett on ditching Oracle stake: I don't think I understand where the cloud is going

John Smith 19 Gold badge
Unhappy

" I call BS. Buffet's way too smart for that."

I think so to.

And unlike all the AC's posting here today (hello corporate PR!) I'm OK with putting my name on a post.

There's many kinds of "not understanding."

There's "not understanding how this market works." There's "not understanding how this company works." There's "not understanding how this company will make money from how this market works." I think it's the last one that Buffet is having a problem with.

And when buffet can't figure out where the money is going to come out of that's usually the point he gets out.

I think quite a few investors would be quite a lot richer if they could admit to themselves "I have no f**king clue how this works and I am completely unable to decide at what price should I consider buying more stock or selling up and taking the profit."

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