{"id":7792,"date":"2011-11-17T10:59:29","date_gmt":"2011-11-17T07:59:29","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=7792"},"modified":"2011-11-17T10:59:37","modified_gmt":"2011-11-17T07:59:37","slug":"ben-de-efsane-yatirimci-olmak-istiyorum","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/ben-de-efsane-yatirimci-olmak-istiyorum\/","title":{"rendered":"Ben de Efsane Yat\u0131r\u0131mc\u0131 Olmak \u0130stiyorum!"},"content":{"rendered":"<p>D\u00fcn Amerikal\u0131 \u201cefsane yat\u0131r\u0131mc\u0131\u201d Warren Buffett\u2019\u0131n 10.7 milyar dolarl\u0131k IBM hisse senedini ald\u0131\u011f\u0131n\u0131 d\u00fcn gazetelerden okumu\u015fsunuzdur. Y\u00fczde 5\u2019inden fazlas\u0131na ula\u015fm\u0131\u015f \u201cefsane\u201d yat\u0131r\u0131mc\u0131n\u0131n IBM yat\u0131r\u0131m\u0131! Berkshire Hathaway \u00fczerinden yapm\u0131\u015f oldu\u011fu bu yat\u0131r\u0131m\u0131n riski de k\u00e2r\u0131 da onlar\u0131 ilgilendirir. Beni as\u0131l ilgilendiren k\u0131sm\u0131, al\u0131m s\u00fcrecindeki\u00a0bir\u00a0\u201cdetay\u201d.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2601355991\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Normal \u015fartlarda Buffett\u2019\u0131n 8 aya yay\u0131lm\u0131\u015f olan\u00a0bu\u00a0al\u0131mlar\u0131n\u0131 yat\u0131r\u0131mc\u0131lar\u0131na bildirmek zorunlulu\u011fu varm\u0131\u015f. Ancak ABD\u2019nin Sermaye Piyasas\u0131 Kurulu SEC\u2019den ald\u0131\u011f\u0131 \u201c\u00f6zel\u201d bir izinle bu bildirimi yapmam\u0131\u015f.<\/p>\n<p>Peki bu izni ne ad\u0131na alm\u0131\u015f? \u201cIBM hisselerini al\u0131rken piyasada spek\u00fclasyonlara\u00a0yol\u00a0a\u00e7mamak\u201d ad\u0131na! Buffett\u2019\u0131n IBM hisselerini ald\u0131\u011f\u0131 duyulunca fiyatlar\u0131n normalden h\u0131zla y\u00fckselece\u011fi d\u00fc\u015f\u00fcn\u00fclerek bu izin verilmi\u015f. Belki de SEC volatilitenin gereksiz artaca\u011f\u0131 d\u00fc\u015f\u00fcncesiyle bu izni vermi\u015f olabilir. Akl\u0131m\u0131n almad\u0131\u011f\u0131 sermaye piyasalar\u0131n\u0131n \u201ck\u00e2besi\u201d olarak g\u00f6r\u00fclen ABD piyasalar\u0131n\u0131n otoritesi, nas\u0131l oluyorda b\u00f6ylesi bir \u201cayr\u0131cal\u0131k\u201d tan\u0131yabiliyor?<\/p>\n<p>B\u00f6ylesi bir iznin kendisi do\u011frudan bir \u201cmanip\u00fclasyon\u201d de\u011filde nedir? Bu izin sayesinde Buffett hemen hi\u00e7 g\u00fcr\u00fclt\u00fc \u00e7\u0131karmadan, sessiz sedas\u0131z 10.7 milyar dolarl\u0131k al\u0131m\u0131 \u201cehven\u201d fiyatlardan alabilmi\u015f midir? IBM\u2019in hisse fiyatlar\u0131na bak\u0131ld\u0131\u011f\u0131nda b\u00f6yle oldu\u011fu g\u00f6r\u00fcl\u00fcyor! Piyasalar\u0131 fazla \u00fcrk\u00fctmeden\u00a0ve\u00a0de fiyatlar\u0131 \u201cbask\u0131 alt\u0131nda\u201d tutmasa bile, u\u00e7up ka\u00e7madan almak istedi\u011fi kadar \u201cmal\u0131\u201d piyasadan toplayabilmi\u015f. Bu arada bu izni alan yanl\u0131z Buffett de\u011filmi\u015f. Carl Icahn, Bill Ackman and Nelson Peltz gibi milyarder \u201cefsane\u201d yat\u0131r\u0131mc\u0131lara da bu izinler verilmi\u015f!<\/p>\n<p>SEC\u2019in bir kural\u0131na g\u00f6re \u2018kamu \u00e7\u0131kar\u0131 ya da yat\u0131r\u0131mc\u0131lar\u0131n korunmas\u0131 amac\u0131yla 13F a\u00e7\u0131klamas\u0131n\u0131n (yat\u0131r\u0131mc\u0131lar\u0131n bilgilendirmesi) yap\u0131lmas\u0131n\u0131 engelleyebilir veya geciktirebilirmi\u015f. Nedense bu istisnalar\u00a0hep\u00a0Buffett gibi \u201cefsanelere\u201d \u00e7al\u0131\u015f\u0131yor&#8230;<\/p>\n<p>Bana da b\u00f6yle istisnalar tan\u0131nsa ben de k\u0131sa zamanda \u201cefsane\u201d olabilirim. Ya\u015f\u0131m Buffett\u2019tan \u00e7ok gen\u00e7, zaman\u0131m var! D\u00fczenleyici otoritelerin hisse senedi fiyatlar\u0131n\u0131n d\u00fc\u015fmemesi i\u00e7in bu \u00e7abalar\u0131n\u0131 da anlamak m\u00fcmk\u00fcn de\u011fil. A\u00e7\u0131\u011fa sat\u0131\u015f\u0131n yasaklanmas\u0131 gibi bu gibi \u201cistisnalar\u201d neden hep borsalar y\u00fckselsin saikiyle verilir? D\u00fczenleyici otoritelerin g\u00f6revi borsalardaki y\u00fckseli\u015fleri sa\u011flama da bizlerin mi haberi yok?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>D\u00fcn Amerikal\u0131 \u201cefsane yat\u0131r\u0131mc\u0131\u201d Warren Buffett\u2019\u0131n 10.7 milyar dolarl\u0131k IBM hisse senedini ald\u0131\u011f\u0131n\u0131 d\u00fcn gazetelerden okumu\u015fsunuzdur. Y\u00fczde 5\u2019inden fazlas\u0131na ula\u015fm\u0131\u015f \u201cefsane\u201d yat\u0131r\u0131mc\u0131n\u0131n IBM yat\u0131r\u0131m\u0131! Berkshire&hellip;<\/p>\n","protected":false},"author":19,"featured_media":910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/7792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=7792"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/7792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/910"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=7792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=7792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=7792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}