Forums - Video re 1929 Crash: Wall St & Main St diverge, Buffet tries to instill confidence



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sprstpd

Registered: Apr 2003
Posts: 1990

11-04-09 03:07 AM

Quote from 5yrtrader:

Totally right, Buffet is buying because he thinks its cheap, not to support the system.

But he did help out Goldman Sachs in its time of need. That would be helping the system (and himself).

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dtan1e

Registered: Sep 2006
Posts: 406

11-04-09 03:45 AM

Quote from sprstpd:

But he did help out Goldman Sachs in its time of need. That would be helping the system (and himself).

he wasn't doing charity, more like he bought it at that time thinking it was cheap, why do u think he went on saying later if the gov't doesn't bail out the banks/ economy whatever the economy will crumble or something ... during that time he was taking a something like over 30% loss or sorts

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Optional

Registered: Mar 2008
Posts: 341

11-04-09 04:46 AM

Buffett bought BN because he has too much cash and he knows that cash is going down the tubes.
BN is a decent inflation hedge...

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ByLoSellHi

Registered: Jul 2006
Posts: 11231

11-04-09 04:49 AM

Quote from Optional:

Buffett bought BN because he has too much cash and he knows that cash is going down the tubes.
BN is a decent inflation hedge...

Deflation is the much larger threat, and maybe for many years. Bond markets have it right.

Gold will crash soon. Very soon.

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infolode

Registered: Mar 2005
Posts: 1380

11-04-09 05:24 AM

Quote from ByLoSellHi:

Deflation is the much larger threat, and maybe for many years. Bond markets have it right.

Gold will crash soon. Very soon.

Define crash.

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