John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (17806)	2/29/2016 7:14:29 AM
From: John Pitera	5 Recommendations Read Replies (1) of 33421

I believe we reached the point where Warren Buffet and Berkshire has jumped the shark and are not providing cutting edge investment advice. The point of Departure is that Charlie Munger who has been the real intellectual quantitative heavy weight at Berkshire for decades is 92 and we will find that he is receding from the business empire. The complete devotion to IBM with it's multiyear contracting profile.... earnings and revenues ........quarter after quarter.. year after year shows that Buffet has broken his golden rule of understanding the businesses that he invests in....... He does next to nothing regarding IBM beyond Watson. The only thing he is adept on is the insurance business...... which is a highly profitable business for a multitude of insurance companies..... At least he comments regarding negative interest rates and that it is putting us in vastly uncharted water Not impressed with his Interview.... an hour and 15 minutes into it.

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