Well folks, Warren Buffet bought 3.7 million shares of Pfizer..

[Budi]

Who's going to argue with him!

Pfizer it is!


Buffet makes roughly $1.5 million per hour — even during the hours when he was sleeping. And that translates to $25,000 per minute, or roughly $416.67 every second,
~ from Feb 2020

[Cha]

1. KR

[SunSeeker]

2. Wait and see how much Moderna stock he buys.

Last edited Tue Nov 17, 2020, 04:34 AM - Edit history (1)

Moderna's vaccine is more effective (Moderna is 95% effective, Pfizer is 90% effective) and Moderna just needs regular freezer refrigeration, whereas Pfizer's needs to be kept at -94°F, requiring special equipment.

[Rstrstx]

10. Those are within the margin of error

You’re literally talking about a handful of people in both trials, both are very encouraging. Would still like to see some “real” papers on the vaccines. One negative I’ve heard about Moderna’s vaccine is that the two doses are taken 4 weeks apart, I believe Pfizer’s interval is half that or less. It would be ideal if they could be scaled up quickly in parallel rather than one vs the other, that way Moderna’s vaccine could go out to the more rural areas that don’t have expensive refrigeration units while Pfizer’s could go out to urban areas.

By the way if Trump wants to take any “credit” for these vaccine results coming out so quickly it’s because the number of infections has skyrocketed the past few weeks, allowing the companies to get results back on their effectiveness much more quickly than anticipated.

[Pachamama]

3. I am going with the Germans....

Anything that the Germans have invested in and are putting their efforts behind is in my personal opinion a better bet than anything associated with "Warp Speed" from Trump. Maybe indeed the Moderna vaccine is the miracle it purports to be, and its awesome that it doesn't need the kind of cold temps that the Pfizer/BionTech solution needs).

The fact that Warren Buffett agrees and puts his money with Pfizer just confirms my personal opinion being a likely correct one.

[Cicada]

4. It took moderna 2 days to create their vaccine, a new era has arrived

China released the dna of Covid Jan 11. On Jan 13 Moderna in partnership with the branch of NIH run by Anthony Faucin announced their mRNA candidate as a vaccine. Two days. The vaccines created by Moderna/NIH and Pfizer/German company will be the first mRNA drugs approved for human use, apparently. I don’t know the science but it seems this mRNA approach is a big breakthrough in drug development.

[GeorgeGist]

5. Greedy much?

[yaesu]

6. I'm sure a CNBC chatroom would be all excited about that

but I could care less about how the rich elite live their privileged lives.

[Hermit-The-Prog]

7. So?

[disalitervisum]

8. Since America doesn't have any self-admitted proletarians,

all the temporarily embarrassed capitalists can lead by example.

[no_hypocrisy]

9. Imagine the outcry if George Soros had made the same purchase.

[samnsara]

11. did he buy it personally or did Berkshire Hathaway buy it?

[ProfessorGAC]

12. Buffett Is Not A Quick Turnover Investor

He doesn't do short term money grabs. He doesn't have to.
If he was a buy & dump guy, he'd be worth 50% more than he is, but that strategy puts more money of BH clients at risk.
There stock is down nearly 9% YTD, so he probably sees this as a good time to buy a steady climber.
And this purchase is only around $120 million. That's about 1/7th of 1% of his personal worth.
And if it's B-H buying it, it would be about 1.7% of 1% of their asset base.
Not sure this is much of a story.