Quote:
Originally Posted by Boomer
Thinking out loud:
While I do not pretend to have any level of sophistication when it comes to the stock market -- or anything else for that matter -- I do have a limited knowledge and I know what I like. (Although -- I do remember seeing the housing crisis coming, long before it hit. Instinct? Gut? Remembering my hard lesson from the tech bubble in the 90s? Whatever?)
Mere bumpkin though I may be, I have to say that stock buybacks lately are bothering me.
I think a surge of buybacks can create an artificiality in the market. I would much rather have solid, increasing dividends, underpinned by actual earnings and reasonable payout ratios. (Yes. I am boring.)
But what do I know. (sigh)
Meanwhile, I will continue to tend the moat, maintain the buffer zone, while I wait for the inevitable.
Any thoughts out there on buybacks, etc.?
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From my dad when I was far younger and knew it all. Part of knowledge is knowing that you don't know.
Investment advice. First question to ask is what is the motive of the person giving you or selling you this advise.
I any bull market, everyone is an expert. We all tend to forget the market, like housing etc does not always go up.
Also, when it comes to money, few people know their net worth and far fewer would tell you if they do. Remembering way back to 2008. Poking fun but IT WAS ONLY TEN YEARS AGO. We saw a scarry correlation EVERYTHING WENT DOWN except for cash and gold.
What to do is the question. THE ONLY TRUE ANSWER IS BEATS ME. Buffet the investor god. If I recall it said he lost 45 million in 2008. His comment was it was not a good year for him.
Do not dare to think as many do BUFFET LIKE. You are a prawn-bait for the sharks like Buffet. Ypu are not even invited to trade in the same market where Buffet buys and sells.