Forums - Question about Buffett's Puts



	Your Account • Become a Member • Help • Search

	Forums ›› Main ›› Options ›› Question about Buffett's Puts

Page 6 of 6: 1 2 3 4 5 6

jem

Registered: Sep 2001
Posts: 6039

11-08-09 07:24 PM

thanks for the insight into the potential counter parties.

by the way I have not been on the buffett bandwagon since he put down short term traders. ( i realized then he was an insincere bastard- as if he is not a trader.)

remember he is the a jerkoff who makes socialist statments under the guise of caring about the working class - all the while he owns 10% of moodys - which was certifying toxic assets as investment grade - which allowed wall street to ransack working class peoples pensions funds directly and tax dollars - indirectly.

Until I learn otherwise I believe he is just like any other successful crooked guy.

Edit/Delete • Quote • Complain

wilburbear

Registered: Oct 2004
Posts: 1604

11-08-09 07:38 PM

Quote from Wolfgang1756:

It amazes me that everyone here is praising Buffett's genius and all.

BUT I bet this time last year (when these Puts were down more than 100% - a paper loss of $5B or so) on this very same forum the exact same people (myself included) would have been mocking him and saying what a lousy trade!

And we traders/investors have VERY SHORT MEMORY!!!

That is the point. Buffett is the President's most-listened-to adviser.

Buffett takes the loss out of the puts HIMSELF, by advising the President to enact the stimulus, and other measures, TO SUPPORT THE STOCK MARKET.

You can have a subsidy from all our nations other citizens if you go long stocks.

Edit/Delete • Quote • Complain

failed_trad3r

Registered: Oct 2009
Posts: 43

11-08-09 08:27 PM

I for one am not praising him, I just think he is making the best of his billion dollar position. Selling puts with 20 year expiration, buying warrants with 10% dividend GS, etc... those deals we can only dream of, I think if you are Buffet, you can 'cheat' all you want! That's not dumb praise but rather an interesting insight to me.

Edit/Delete • Quote • Complain

Page 6 of 6: 1 2 3 4 5 6

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules • Privacy Policy

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Alpari (US) US Forex Trading Services AMP Trading Futures and FX Trading Bright Trading Professional Equities Trading Cyborg Trading Gray-Box Trading Tools CTS Futures Trading Software ECHOtrade Professional Trading Firm Equity Trading Capital Equity & Option Training eSignal Trading Software Provider	Global Futures Futures, Options & FX Trading Go Futures Online Futures Trading Interactive Brokers Pro Gateway to World Markets Interbank FX Foreign Currency Trading JC Trading Group Direct Access Trading Keystone Trading Group Prop Trading Firm MadScan Trading Software Provider MB Trading Direct Access Trading	Mirus Futures Commodity Trading Services NinjaTrader Trading Software Provider OneChicago Electronic Futures Exchange Questrade Brokerage for Canadian Traders Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading SpreadProfessor Spread Trading Instruction thinkorswim Direct Access Trading	TickQuest Trading Software Provider TradeMaven Software and Education TradersStudio Trading Software Provider TradeStation Direct Access Trading Trading Technologies Trading Software Provider Trend Following Trading Systems Provider Velocity Futures Derivatives Trading Services Zumo Futures and Options Trading