How Investors Can Trade the Next IPO Like Buffett...READ MORE
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 | | How Investors Can Trade the Next IPO Like Buffett | | Warren Buffett recently said, "I don't think Berkshire's ever bought a new issue. I mean, the idea of saying that the best place in the world I can put my money is something where all the selling incentives are there, commissions are higher, the animal spirits...
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That's going to be better than a thousand other things I can buy where there is no similar selling enthusiasm and the desire to get the deal done and the extra commissions... that's the single best thing to buy on a given day?"
His partner Charlie Munger responded, "I can't think of a time we've ever done it... we've never bought one."
To which Buffett added, "It just doesn't make any sense. We like to buy things where nobody's making a dime selling them to us." And Munger concluded, "There's a lot of lying in modern finance."
It could be worth remembering this exchange, as we explain in our latest article, in light of Uber's initial public offering. By some accounts, it was the worst performing IPO in history when measured in dollar terms.
As we also explain in the article, that IPO disappointed many investors and the truth is there could be more disappointments ahead for investors in Uber. But, as Buffett notes, there could be other opportunities to consider.
We have more details on this story, and more, in our latest free educational article which is available right here.
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