We have known things are going to get worse between the US and China for a long time. Joe Biden is basically on China's payroll (look up Jho Low and Pras Michel) so we have been in a holding pattern where Biden refuses to do what needs to be done, but everyone knows that a Republican is going to win in 2024, and that Republican - no matter who it is - is going to kick China hard in the nuts.
Buffet might have made a lot of good calls over his long career, but he also famously made many bad ones in the last 20 years, totally missing the rise of tech stocks, for example. He's openly admitted this.
Buffet's TSMC play was a short term pump and dump. "In the third quarter of 2022, Berkshire purchased 60 million shares in semiconductor manufacturing company TSMC, acquiring a $4.1 billion stake.[124] Berkshire divested 86.2% of its stake by the next quarter." As soon as he bought in, the stock price shot up, so he sold. Makes it easy to make money when the mere news you bought into a company can make it go from $60 to $97 in a few months. And now that he sold, the stock is dropping.
I don't think it had anything to do with China. I just think he thought it was undervalued at $60-70 and then when it went to $80+ he thought it was overvalued and dumped it to all the people wanting to chase his trade. It's easy to make money when you can take money off of normies thanks to your reputation like that.
We have known things are going to get worse between the US and China for a long time. Joe Biden is basically on China's payroll (look up Jho Low and Pras Michel) so we have been in a holding pattern where Biden refuses to do what needs to be done, but everyone knows that a Republican is going to win in 2024, and that Republican - no matter who it is - is going to kick China hard in the nuts.
Buffet might have made a lot of good calls over his long career, but he also famously made many bad ones in the last 20 years, totally missing the rise of tech stocks, for example. He's openly admitted this.
Buffet's TSMC play was a short term pump and dump. "In the third quarter of 2022, Berkshire purchased 60 million shares in semiconductor manufacturing company TSMC, acquiring a $4.1 billion stake.[124] Berkshire divested 86.2% of its stake by the next quarter." As soon as he bought in, the stock price shot up, so he sold. Makes it easy to make money when the mere news you bought into a company can make it go from $60 to $97 in a few months. And now that he sold, the stock is dropping.
I don't think it had anything to do with China. I just think he thought it was undervalued at $60-70 and then when it went to $80+ he thought it was overvalued and dumped it to all the people wanting to chase his trade. It's easy to make money when you can take money off of normies thanks to your reputation like that.