Lumuhuku

Arbitary Obsessionist's Blog : Ambition is redundant. In life, mission is everything.

Warren Buffet Strikes Back!!

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Till now, Berkshire Hathaway’s share prices were severely underperforming the S&P 500 index for the year: down 21.0% to the benchmark’s drop of almost 16.0%.

Now this is really not a common phenomenon because Buffet’s Berkshire has beaten the S&P in 23 calendar years out of the past 31 years!!

And on July 29th, Berkshire fell to a new-term closing low of $111,750. Surely, it was the time to buy Berkshire.

But just check the right hand part of the graph. Berkshire has made a very steep upmove to beat the S&P in just the last few days.

And to put icing on the cake, Berkshire on September 20th, 2008, closed at $147,000 each. In one of the greatest last second spikes ever in any stock, Berkshire saw an increase of $18,990 a share, or 14.83%, the biggest one-day move ever for Berkshire.

The stock is up 3.8% on the year, compared to the S&P’s (-)14.5% till date. Though year has not ended till now, but Buffet is back and that too with a bang!

Just see the last second’s’ spike to know the quantum of rise…!! Just awesome.

For those who short Berkshire Hathaway and ask, “Has Warren Buffet Lost His Touch?”

I just have one thing to say…

Short & Sell yourself!!

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