Against American Companies is a suckers game because of our innate progress and natural expansion even as the markets day to day gyrations wont always be positive like todays mixed session where the dow gained 32 points. S p declined 0. 07 , and nasdaq just dipped into the red at 0. 02 although it could be heavier tomorrow because disappointing numbers from starbucks and alphabet that may not be offset by what looks to be a strong microsoft performance. For almost his entire investing life, buffett has made the point that you can generate great wealth by owning the best of the best, not flipping them, not flitting in and out, but getting on and staying long. I think hes got an edge on all of us. In addition to having the finest mind for investments of his generation, hes got a team of people who can stay up on his stocks. I always say if you cant stay up on your homework, if you cant research and examine and spend time knowing what you own, if you couldnt give me three bullet points on
More valuable than credibility. Its awfully hard to come by and easy to lose. But when a ceo has credibility, you know that his or her stock is worth buying as it comes down. Buying into weakness. Given that we got a heck of a lot of dips going on in a market like this one, where the dow sank 29 points today, s p declined 0. 44 . Nasdaq lost 0. 92 , i think its going over who does have credibility and who doesnt. So that you can learn how to tell the difference and do some buying as we are now down eight straight days. Thats the longest losing streak since october of 2008. Thats staggering. Lets talk with someone whos got credibility in spates, rick clemer. Hes the ceo of nxp semiconductor. Hes been a transformational executive. Nxp was long viewed as little more than a component supplier for apple. Last year he snapped up free scale, a maker of chips for the autos and internet of things for 11. 8 billion. Four private equity firms had led a leveraged buy, paying 17. 6 billion for this
Buying into weakness. Given that we got a heck of a lot of dips going on in a market like this one, where the dow sank 29 points today, s p declined 0. 44 . Nasdaq lost 0. 92 , i think its going over who does have credibility and who doesnt. So that you can learn how to tell the difference and do some buying as we are now down eight straight days. Thats the longest losing streak since october of 2008. Thats staggering. Lets talk with someone whos got credibility in spades, rick clemmer. Hes the ceo of nxp semiconductor. Hes been a transformational executive. Nxp was long viewed as little more than a component supplier for apple. Last year he snapped up freescale, a maker of chips for autos and the internet of things for 11. 8 billion. Four private equity firms had led a leveraged buy, paying monstrosity and it felt the company was always a few steps away from deaths door. But to him it was a way to diversify the footprint away from the cell phone and towards autos and internet of thing
Given that we got a heck of a lot of dips going on in a market like this one, where the dow sank 29 points today, s p declined 0. 44 . Nasdaq lost 0. 92 , i think its going over who does have credibility and who doesnt. So that you can learn how to tell the difference and do some buying as we are now down eight straight days. Thats the longest losing streak since october of 2008. Thats staggering. Lets talk with someone whos got credibility in spades, rick clemmer. Hes the ceo of nxp semiconductor. Hes been a transformational executive. Nxp was long viewed as little more than a component supplier for apple. Last year he snapped up freescale, a maker of chips for autos and the internet of things for 11. 8 billion. Four private equity firms had led a leveraged buy, paying company was always a few steps away from deaths door. But to him it was a way to diversify the footprint away from the cell phone and towards autos and internet of things. Now qualcomm is buying it for 110 a share. This
We can have tremendous gains like we had today. Hallelujah we know there are gigantic bets made against stocks at all times. When the bets work, they work big. But when they fail, the failure is spectacular. [ applause ] and the bulls trample those who try to profit from declines in stocks. The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce h herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are moving stocks in either direction. Sure today we were helped by the European Central bank staying easy for lon