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



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ByLoSellHi

Registered: Jul 2006
Posts: 11231

11-03-09 08:01 PM

Buffet wants to be the modern 'House of Morgan.'

Eerie similarities to today.

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Tigerjaw

Registered: Oct 2005
Posts: 400

11-04-09 12:32 AM

No . . . actually not similiar at all. The only similarity between propping up other banks and buying a railroad is that money is exchanged. - - -

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5yrtrader

Registered: Dec 2004
Posts: 613

11-04-09 01:24 AM

Quote from Tigerjaw:

No . . . actually not similiar at all. The only similarity between propping up other banks and buying a railroad is that money is exchanged. - - -

Totally right, Buffet is buying because he thinks its cheap, not to support the system. I don't know if he would support the system if it needed it, he would buy companies that he perceived had value.

5yr

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startraitor

Registered: Jan 2008
Posts: 1711

11-04-09 01:32 AM

Buffet has open naked puts. He bought a company from himself and tried to weasel Berkshire into the sp. He will die choking on a big mac.

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the1

Registered: Feb 2009
Posts: 751

11-04-09 01:38 AM

You do mean short puts, right? By chance, do you know what the strike and expiration is on those puts?

Quote from startraitor:

Buffet has open naked puts. He bought a company from himself and tried to weasel Berkshire into the sp. He will die choking on a big mac.

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startraitor

Registered: Jan 2008
Posts: 1711

11-04-09 02:31 AM

He has thrown a hail mary...

“It doesn’t mean we’re out of business, but it does mean that we won’t be making any huge deals for a while,” Buffett told the network today. He said earlier this year the company needs at least $10 billion in cash to be ready for unforeseen events such as catastrophe claims at its insurance units.

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