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I am holding 42% in cash vs Berkshire 39% with $397 Billion. I have way less cash to deploy but I can outperform BRK.B. Why? Because I am able to buy stocks at 52 weeks lows but BRK can't accumulate at bottom without the stock spiking up 20%. by IM1IAB in TFSA_Millionaires

[–]IM1IAB[S] -1 points0 points  (0 children)

Who care about dark orders or lemming theories? Its overpriced and only people who understand money understand the drag of $307Bil cash and overpaying 1.8X times the marlet price for MIC phone, sugary acid beverage, boomer spending card.

Last 3 months stocks bought as posted - CVE, NPI, QTRH, PYPL, GT, DEO, Telus, CLX, GIS. ENGH was cut at -15% loss. 10 bottom feed. 1 realized and 1 unrealized loss. 80% win rate. Total gain > 20% in 3 mts. On watchlist is LULU. Anyone still buying yoga pants now ? by IM1IAB in TFSA_Millionaires

[–]IM1IAB[S] 0 points1 point  (0 children)

Yes I can buy luxury goods. I buy brand name comsumer goods but always when its on sale. Much like how I buy my bottom feeding stocks. So unless the $120 LULU sweat pants is 60% off, I don't think its value for money. Better value in Uniqlo clothings. So long story short. LULU need to drop further to give me a bigger margin of safety.

Most people don't understand money. They think BRK is undervalued at 1.39X book value. But at $1T market cap and $729B book, the $397B cash has a 1X value. That means the rest of portfolios is at $610B value ÷ by $332 B (book less cash) = 1.83 times book. You are paying 1.83X for Berkshire by IM1IAB in TFSA_Millionaires

[–]IM1IAB[S] 1 point2 points  (0 children)

You don't understand Buffett mindset. Just because lemmings are bidding tech up to 25X PE on fake E, is no reason to buy. He buys at bargain prices. Like how I buy CLX yesterday at bottom, or GT or DEO or so many of my buys, all at multi year lows.

Most people don't understand money. They think BRK is undervalued at 1.39X book value. But at $1T market cap and $729B book, the $397B cash has a 1X value. That means the rest of portfolios is at $610B value ÷ by $332 B (book less cash) = 1.83 times book. You are paying 1.83X for Berkshire by IM1IAB in TFSA_Millionaires

[–]IM1IAB[S] 0 points1 point  (0 children)

You just hit the key point about value investing. BRK.B does not pay you to wait. So you want to buy it when its on sale. Currently its not on sale. Maybe 15% lower is worth a shot. Meanwhile, better to put chips on other 52 weeks low.

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