[فورإكس] [يلّوو بجس]

يتلقّى [ورّن] [بوفّتّ] سابقا يقول العالم ماذا هو يكون يتمّ في هذا سوق مرعبة. أعلن الإلهام أوماها باعتزاز أنّ هو "يكون اشتريت مخزونات أمريكيّة" مع أمواله شخصيّة.

غير أنّ هو سوفت أيضا كنت لاحظت أنّ يضع [بوفّتّ] يتلقّى يكون مستثمراته' مال على الخطّ أيضا. بعد يجلس على كومة حاشدة النقد ل عدّة سنون وينوح الافتقار من فرج جذّابة, قد جعل [بوفّتّ] عدّة اكتسابات أساسيّة من خلال ه إستثمار كتلة مختلطة, [بركشير] [هثوي], يتكبّد في هبة من [لت-] سبتمبر - أيلول و [إرل-وكتوبر] صفقات.

في فقط فسحة بين دعامتين لمدّة أسبوعين, التقط [بوفّتّ] فوق كوكب طاقة ل ال [برغين بريس] نسبيّة من $4.7 بليون. هو اشترى $5 بليون في يفضّل مخزون من [غلدمن] [سشس], يستلم سمينة 10% عائد ماليّ. واشترى هو $3 بليون في يفضّل سهام ال [ج], أيضا ينتج 10%.

لا يعني هذا [بوفّتّ] يقول ينصرف ويشتري [غلدمن] أو [ج] ([ج]) مخزون. [إين فكت], هناك كثير الأسباب لما أنت سوفت لا يحاول أن يتبع رصاصه, لا ال على الأقلّ [أف وهيش] الحقيقة أنّ [بركشير] يحصل صفقات أنّ فردات ببساطة يستطيعون لا.

غير أنّ ليس أنّ النقطة. الفرصة هنا أن يلتقط فوق بعض قيّمة يستثمر حكمة من الممتهنة عظيمة حيّة. في هذا كحول, هنا ماذا أنا أفكّر أنت يستطيع علمت من [بوفّتّ] حركات:

جشعة عندما أخرى مخيفة

هو ال أكثر مشهورة من كلّ [بوفّتّ-يسمس]: "مخيفة عندما أخرى جشعة وجشعة عندما أخرى مخيفة." اليوم هناك بيّنة وافرة أنّ أخفت الناس, بما أنّ مال مستثمرات يتلقّى يكون يستردّون مبلغات فائقة مال من [ستوك بورتفوليو] هم.

بتباين, يضع [بوفّتّ] ماله أن يعمل. [بركشير] [كش بلنس], بتقديري, في مستوى منخفضه في ذاكرة أخيرة.

الآن, لا يعني هذا السوق سيلتفت حوالي غدا. غير أنّ [بوفّتّ] نقطة أنّ ليس هذا الوقت أن يهرب الولايات المتّحدة الأمريكيّة مخزونات. [إين فكت], الآن وقت عظيمة أن يكون فتّشت سهام من شركات عالي الجودة أنّ يتلقّى يكون ضربت إلى أسفل إلى مستويات في المتناول.

رأيت [فور إكسمبلس وف] بشكل جذّاب يسعّر [إيندوستري لدر], الاقتراحات إلى الحق.

عرجت لا يكون جانبا بعد أغلاط

Buffett’s investment in Goldman Sachs (GS) was surprising to many, given his frequent digs at Wall Street’s casino culture and a problematic investment he made in Salomon Brothers.

In 1987, Buffett bought a stake in Salomon to ward off a hostile takeover, but the firm nearly collapsed amid a bond bid-rigging scandal a few years later, and Buffett had to step in as interim chairman.

Although the investment eventually worked out - Salomon was bought by Travelers, which merged with Citicorp to form Citigroup (C) - it’s safe to say that it was a longer and harder road than he had anticipated.

Still, Buffett understood that investment banking, for all its recent woes, is an attractive business if managed properly. The group of top-tier firms is fairly small, and it would be hard for a new competitor to break into the business, which gives Goldman Sachs tremendous bargaining power over its customers.

There’s an important lesson in this for individual investors. Just because many financial stocks in your portfolio have imploded recently, it doesn’t mean you should sell out of this sector entirely - or turn your back on these stocks for good.

Don’t Fall in Love With Your Stocks

Buffett is famous for having said that his favorite holding period is “forever.” But he will sell a stock he loves if conditions warrant. For example, late last year, as crude-oil prices were approaching $100 a barrel, Buffett jettisoned his stake in PetroChina (PTR).

Why? After multiplying more than fivefold since he bought it a few years earlier, PetroChina shares had reached fair value, so he sold. Since he cashed out, PetroChina shares have been cut in half.

Chalk this up to a lesson the Oracle learned in the late ’90s. As he admitted in 2003, “…I made a big mistake in not selling several of our larger holdings during the Great Bubble.”

Buffett similarly made what may be one of his best decisions when he sold Berkshire Hathaway’s long-held stake in Freddie Mac (FRE) in 2000. He’s never written about exactly why, but he noted presciently at his 2001 annual shareholder meeting that Freddie Mac’s “risk profile had changed.”

Keep Your Powder Dry

While the rest of the world gorged on cheap credit, Buffett maintained Berkshire’s conservative profile. This hindered his returns when times were good, but having lots of cash on hand enabled Buffett to snap up once-in-a-lifetime deals, like Constellation Energy (CEG).

Buffett, who owns several utilities, jumped on Constellation in September after its shares tumbled from around $60 to his purchase price of $26.50 in a mere matter of days. The result: He nabbed a company that produces nearly $1 billion in earnings a year for less than $5 billion.

Now, you may not be in a position to keep $40 billion in the bank. But as Buffett showed, it’s smart to have some cash on hand for opportunistic purchases. What’s more, there’s nothing wrong with being disciplined enough to turn your back on stocks that you’re not 100% confident in. That’s sage advice.

Why He’s Warren Buffett — and You’re Not

If investing were as simple as mimicking Warren Buffett, then all you’d have to do to retire rich would be to download a free copy of the Berkshire Hathaway annual shareholder letter and shadow the Oracle’s moves.

Given that you’re reading this article instead of relaxing at your seaside villa, it’s clear copying Buffett is no easy task. So as you marvel at the Sage, keep the following in mind:

Warren Can Strike Deals You Can’t

Buffett’s reputation and Berkshire’s financial heft are enormous advantages that regular investors simply don’t share. Take his recent investment in Goldman Sachs (GS). It was made in preferred stock that was offered only to Berkshire and pays a 10% fixed yield.

That’s twice what Uncle Sam is initially earning on the preferred shares it got from Goldman in exchange for injecting capital into the bank. But chalk that up to the Buffett premium. Firms want the Oracle to invest in them for his seal of approval.

Berkshire’s purchase of Constellation Energy offers a great example. Constellation’s shares had fallen 75% from their highs because the market was worried about the financial health of the company’s energy-trading operations.

If you or I bought the stock at that level, we would have been making a bet that Constellation would pull through. But we would not have been able to affect the odds. However, Berkshire’s financial strength and Buffett’s name assured Constellation’s survival, making the investment more valuable as soon as Warren bought the company.

Warren Is Smarter Than You Are

Many casual observers assume that Buffett simply buys great companies and hangs on to them. Simple, right? But the real key to Buffett’s success is far more complicated.

Buffett has created enormous value for Berkshire by buying all kinds of securities, from common stock and preferred shares to currencies, distressed debt and options.

He has also made money through merger arbitrage and fixed-income arbitrage. These are all areas that only the most sophisticated investor should dabble in.

Why Mimic Warren When You Can Hire Him?

Your best bet for benefiting from Buffett’s wisdom is the most obvious: Buy Berkshire Hathaway (BRK.B) stock.

It’s really an investment company. But unlike a fund, it doesn’t charge annual management fees. Buffett has deployed a lot of cash into attractive deals lately, which should add value for years to come.

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This entry was posted on Wednesday, November 26th, 2008 at 5:54 am and is filed under Forex Education, Forex News, My Blogroll, Trading & Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.