(Morning News) Do not underestimate the elderly.American stock god Warren Buffett is 91 years old, but people are still savvy, and the company's stock price is a record high.
Berkshire Hathaway A (Berkshire Hathaway A (BRK-A) and (Berkshire Hathaway B: BRK-B) stock price has also easily surpassed SPDR.Standard and Poole 500 Trust.
SPDR Standard and Pur 500 Trust are the world's largest listing funds (ETFs) in the world, which aims to track standards with the Poole 500 index.The listing fund has climbed $ 86.07 or 22.73 % in the past year, and a closure of US $ 464.72 was closed on Friday.
In contrast, Buffett's Berkshire Hathaway A shares closed the market price of $ 48,379 on Friday, an increase of $ 13,905 or 37.71 % over a year ago;In the year, it rose $ 89.58 or 38.19 %, and the market was closed at $ 324.13 last Friday.The increase in these two stocks has been significantly wins, and both are currently traded in the new high area of history.
However, the elderly Buffett can have richer.If we "Kong Ming afterwards" helped his old man to calculate, his Berkshire Hathaway might sell it too early to sell Wells Fargo shares and missed $ 10 billion in profit.Berkshire Hathaway withdrew from JPMORGAN and Goldman Sachs in 2020, which also allowed the elderly to earn 5 billion US dollars.
According to the information published in the past, as of the end of 2019, Buffett's company originally owned 346 million shares of Wells Fargo, which is equivalent to 8.4 % of the bank's shares.Berkshire Hathaway sold almost a large part of the next five quarters, and only 675,000 Wells -rich banks were left in the last calculation.
Based on the average stock price of 30 US dollars per share during this period, Buffett and his team obtained about $ 10 billion from stock sales.However, Wells Fargo's stock has now rebounded to $ 58, reaching the highest level since August 2018.If Buffett does not take this game of selling stocks, his investment value in Wells Fargo will reach $ 20 billion today, almost three times the cost of $ 7 billion.
Because he was worried that the crown disease would cause his investment portfolio to be excessively exposed to the financial industry, Buffett also sold several other bank stocks in 2020.He withdrew from JP Morgan Chase and Goldman Sachs in 2020. The current transaction price of these two stocks is also close to historical highs.The year increased to 29.48 %.
At that time, Berkshire could sell at the price of about $ 6.1 billion and $ 2.4 billion to sell at Morgan Chase and Goldman Sachs.If Buffett did not fulfill them, the two investment projects will be worth $ 9.5 billion and $ 4.7 billion today.
In other words, Buffett made less $ 15 billion in these three transactions.Nevertheless, the savvy old man also invested $ 2.1 billion in the Bank of America in the second quarter of 2020.This investment also made him flip, so Buffett did not completely miss the rebound of bank stocks.To sum up, it is still a savvy old man.
