More of you ‘stockholders’ should be reading everything that Warren Buffet has written.
One lesson is: That a stock is only worth what you can get for it WHEN YOU SELL IT. Period.
, GM is a good example. If you take GMs assets, for what they will sell for now, and subtract their OBLIGATIONS, for what they are legally bound for, minus what you actually paid for it, you will have a reasonable value for your stock.
,Uncle Sam has given GM at least 100 times what GM is “worth”.
,GMs “worth” has been inflated for a h#ll of A lot longer than the last 2 years. THAT IS CALLED VERY BAD MANAGEMENT, AND VERY STUPID BUYING ON THE PART OF THE STOCK HOLDER. The amount that you have lost on a stock is only your first outlay in the purchase, until you sell the stock for what you can get for it. THEN you will know your real loss. The fact that you DID NOT KNOW the real value of your portfolio and kept spending your “assets”, beyond your means is what created your “LOSS”.
More of you ‘stockholders’ should be reading everything that Warren Buffet has written. One lesson is: That a stock is only worth what you can get for it WHEN YOU SELL IT. Period. , GM is a good example. If you take GMs assets, for what they will sell for now, and subtract their OBLIGATIONS, for what they are legally bound for, minus what you actually paid for it, you will have a reasonable value for your stock. ,Uncle Sam has given GM at least 100 times what GM is “worth”. ,GMs “worth” has been inflated for a h#ll of A lot longer than the last 2 years. THAT IS CALLED VERY BAD MANAGEMENT, AND VERY STUPID BUYING ON THE PART OF THE STOCK HOLDER. The amount that you have lost on a stock is only your first outlay in the purchase, until you sell the stock for what you can get for it. THEN you will know your real loss. The fact that you DID NOT KNOW the real value of your portfolio and kept spending your “assets”, beyond your means is what created your “LOSS”.