Amit Chokshi

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Warren Buffett Knows Something About USG Corp.

While USG is significantly off its recent highs investors should be wary of blindly following anyone into a stock, even if it's Buffett. Buffett's time horizon is a lifetime as opposed to 3-5 or even 10 years so average investors can get shaken out of a position. I believe Buffett also bought USG when it was in the high teens - $20 range and the stock fell to as low as $3. No doubt, Buffet knew what he was doing, but most investors, whether professionals or retail, would have gotten shaken out on the way down because a hit like that is a lot to bear, not only mentally, but an 85% loss even if it represents 3-5% of a portfolio is a real loss. I'm guessing Buffett wants the leader in gypsum wallboard for the long-term and is taking the housing shakeout as a way to get it when it may be oversold.
Sep 13 10:36 am |Rating: 0 0 |Link to Comment |View article

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Amit Chokshi

Comment Stream » USG

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Warren Buffett Knows Something About USG Corp.

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