chartsmaster

Buffett The Bagholder

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NASDAQ:AAPL   Apple Inc
How many billions of dollars of investors wealth has Warren Buffet destroyed with his stock market investments? As I stated in my piece about Buffett's investment in JPM(see below), his reputation for buying undervalued companies in takeovers was well deserved. He had a disciplined, value approach. However, his large stock investments in companies like JPM, AAPL, WFC and numerous others has been disastorous. He should stick to his expertise and when he can't find whole companies to buy at bargins, he should return the money to his shareholders in dividends and or stock buy backs. Stop trying to be a mutual fund. It looks like AAPL will be reaching the ultimate target of 120 that I have posted previously. Chartsmaster
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