Playing FTSE Episode 16: The BIG short part 2?!?
What have ARK been doing that’s jumped out at Steve D? What does Paul think is ‘poppycock’? And why does Steve W wish Warren Buffett was more like Paul Briscoe? Find out in this week’s episode of Playing FTSE!
Market volatility has been putting downward pressure on high-growth stocks. So this week, Steve W leads us out with a game of “Is the ARK Sinking?”. We then go on to talk about Michael Burry’s short position in Tesla, Technoking Elon’s cryptocurrency activities, and the EV manufacturer’s trajectory. Since it’s 13F season, we also take the obligatory look at what Warren Buffett and Berkshire Hathaway have been up to, selling Wells Fargo and Chevron and adding to an already big position in Verizon. From there, we check in with our resident T enthusiast to see how Briscoe is handling the AT&T decision to merge WarnerMedia business with Discovery.
Stocks mentioned: $BRK.A, $BRK.B, $CVX, $KR, $T, $TSLA, $VZ, $WFC, $WKHS.