If you somehow stumbled upon this post expecting to see a video clip of The Oracle of Omaha cramming over King James, I’m sorry; but what you’re about to get is even better.
News broke this morning that Warren Buffett, CEO of Berkshire Hathaway, is set to invest $5 Billion (billion with a B) in Bank of America. Once the news leaked, I decided to play a game called: “Why Is This Awesome?”
Why This Is Awesome #1:
A few weeks ago I was feeling antsy. My savings account was growing – but not at a level that satisfies me. The swindler in me decides to transfer X number of dollars into my TD Ameritrade account in search of higher returns. If you want to know the right way to invest, visit www.investinthemarkets.com. If you want to know the wrong way, keep reading!
I see a commercial on the tube that belongs to Bank of America. They’re flaunting the ATMs which can do everything but cook a meal for you (coming soon). Filled with excitement, I place an order to buy BAC the following morning.
It was a busy day at work the following day so I didn’t get to check my new investment. When I finally had a chance to log in to my brokerage account I had to laugh. How could one of my friends possibly find out about my investment, hack into TD’s files, and distort my charts to reflect a loss of 20% IN ONE DAY?? It had to be a prank, right?
Long story short: it wasn’t a joke at all. (Ever notice how people say “to make a long story short” only after they’ve been telling the story for approximately 30 minutes?)
To summarize, I own BAC common stock. On a down day (which I’m becoming way too comfortable with) Mr. Buffett decides to invest in “my company.” In the picture below you’ll notice how much weight his words carry.
You’ll also notice a few other things:
1. I’m sporting Google Chrome, and you should too.
2. My “Favorites Bar” lists fellow Yakezie websites you should be visiting.
3. Most importantly, BAC was up 9.44% on a day where everything else looked dismal.
Why This Is Awesome #2:
In case you haven’t noticed, Warren Buffett is one man. If Warren Buffett had an ego equal to that of Donald Trump, it’d be easier for us to remember this. Warren Buffett is Berkshire Hathaway (Einhorn is Finkle, Finkle is Einhorn!). Warren Buffett’s stock is currently selling at a staggering $103,491.00.
Remember when LeBron James held “The Decision” on ESPN to announce he would be moving to Miami? That announcement completely changed the outlook for Miami.
The Decision Part Deux happened today.
We were all witnesses.