Contrarian

[MO-Ruminants]

Warren Buffet says that most years, you can be successful in the stock market by simply taking a contrarian approach. That is, investing in what majority of others are not, and not investing in what majority of others are.

What are some contrarian actions you take?

 

[Brute 23]

Be careful with those WB quotes. They are not meant to be used as one liners like that. You need the full context of the conversation to understand what he is saying.

 

[shaz]

Couple of mortgage REITs I like right now. Buying a MLP as well.

Anybody think rolling the dice on Alaska Airline pretty soon makes sense?

 

[TennesseeTuxedo]

“Be fearful when others are greedy and greedy when others are fearful”

 

[kenny thomas]

Kroger grocery store. KR, up 6.87% today while other things are falling . Up about 20% in the last few days.

 

[shaz]

Kroger grocery store. KR, up 6.87% today while other things are falling . Up about 20% in the last few days.

Buffet is buying Kroger stock.

 

[Ebenezer]

Not buying any bulls.

 

[kenny thomas]

Kroger grocery store. KR, up 6.87% today while other things are falling . Up about 20% in the last few days.

Buffet is buying Kroger stock.

Yep, and he sure knows more than I do. I have 14,000 shares. Some bought in 1975. One share a week from 1975 till 2008. All profits put into stock also.

 

[bird dog]

"I have 14,000 shares"

$4.7 million worth and you are fooling with stocker calves? I hope you are diversified besides cattle.

 

[kenny thomas]

"I have 14,000 shares"

$4.7 million worth and you are fooling with stocker calves? I hope you are diversified besides cattle.

It closed today at 33.47 so only 470,000. I'm still poor.

 

[Nesikep]

I've never had the cash to play the markets, but from what i've seen, IPO's were what interested me.. One in particular was when Mastercard went public.. 2003 or something?.. I didn't have a pot to pizz in at the time, but I'd have tripled my money in a few days.. went from $7 to $20 very quickly.. now it's $290

 

[Ryder]

Markets are gyrating and to me that makes it too much of a crap shoot.
Fed lowered interest rate because of the virus.
As one guy said, that makes as much sense as if your transmission falls out so you air up your tires.

 

[TennesseeTuxedo]

"I have 14,000 shares"

$4.7 million worth and you are fooling with stocker calves? I hope you are diversified besides cattle.

It closed today at 33.47 so only 470,000. I'm still poor.

You’ve been grousing about that Kroger situation since the day I met you. Why don’t you go ahead and sell it now that it’s at a high?

 

[bird dog]

""It closed today at 33.47 so only 470,000. I'm still poor.""

Oops. Now you know why I'm a farmer and not a businessman. Nice investment either way.

 

[shaz]

Kroger grocery store. KR, up 6.87% today while other things are falling . Up about 20% in the last few days.

Buffet is buying Kroger stock.

Yep, and he sure knows more than I do. I have 14,000 shares. Some bought in 1975. One share a week from 1975 till 2008. All profits put into stock also.

Why Kroger?

 

[kenny thomas]

Buffet is buying Kroger stock.

Yep, and he sure knows more than I do. I have 14,000 shares. Some bought in 1975. One share a week from 1975 till 2008. All profits put into stock also.

Why Kroger?

My mother worked for Kroger and had stock bought out of her check every week. I just kept it after she died.
TT, I should have sold yesterday. But very soon.

 

[shaz]

Markets are gyrating and to me that makes it too much of a crap shoot.
Fed lowered interest rate because of the virus.
As one guy said, that makes as much sense as if your transmission falls out so you air up your tires.

I don't get that one either...

 

[Brute 23]

Buy oil. It is taking a beating but it's always short term.

 

[Nesikep]

Buy oil. It is taking a beating but it's always short term.

We bought a 3000 gallon tank this winter and will fill it in a month.. we paid $1200 for it, it's a double wall enviro-tank.. it doesn't take much of a price hike to pay for the tank!

 

[shaz]

Buy oil. It is taking a beating but it's always short term.

What happens if/when Biden gets elected?