Ep. 72: Price Is Easy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Warren Buffett's Nonsensical Statement on Prices
The general economy is a little bit better in the US. We've been waiting for that for a long time. That will have a significant impact, but it hasn't got into a big level yet. Warren Buffett says he has 40 billion on cash on hand, but prices are difficult right now. And Berkshire won't get into bidding wars. End quote. You know, I, what do you do? You're like an average guy out there. Why does he fricking need to be on CNBC? He's got 40 billion oncash and he comes on and he gives this vague opaque nonsensical statement that prices are difficult. It can mean anything to anyone at that moment, subject to change
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