Now, as always, I’m just gonna go ahead and say that I’m not advising anyone to buy anything (I also don’t currently own any Berkshire stock), but I like to keep an eye out on stocks that have been needlessly beaten down in recent weeks/months, and Berkshire fits the bill.
A recent article at Yahoo Finance claims that its possible that Buffett has lost his touch and that Berkshire could be going downhill further than the 30% that it’s already been knocked around, and they do have some valid points. After all, no matter who Warren picks to be his successor, there are going to be plenty of long time investors ready to hit the bail out button once he retires for good.
But consider the long term prospects for the company. Every time the stock has been knocked down like it has bounced back and then some. How long do you think Buffett has been grooming his successor? Quite awhile, and the firm itself has been a a juggernaut. Even the loss of the main man himself may not stop the long term success of the company.
Just some food for thought.
My name's Frank and I'm a life long seeker of passive income and dividends. I work in Financial Services and invite you to join me in my search for the holy grail of finance: passive income. My methods tend to be unorthodox but effective. Whether it's through investing or other means, I believe in creating many sources of income to give me the flexibility to live the life I want, when I want it.
