Berkshire Hathaway Inc (BRK.B)

[bar1080]

I always say investors doom themselves by trying so hard to beat the market. Buffett mostly just uses one gimmick, but it's a damn good one, the free leverage his insurance holdings get from selling policies up front and paying out claims much later.

I looked at some of those 3X ETFs a few years ago and just saw slobbering gambling addicts. Worse than most casinos. Some claimed to make money but if you followed them awhile on IHUB they were actually getting killed. Most disappeared in a year or two.

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Similarly, Buffett advises most investors to not use margin. I don't recall his addressing that subject in a long time.


off to work now...