Registered: Jul 2008
05-09-12 03:38 AM
Quote from TorsionField:
anyone who reads the news and keeps up knows by now that Buffet has become a liar and a fraud
This guy keeps saying how everything is fine, gold is bad, dollar is good. Everybody go home, everything is fine.
He no doubt has had a talk with his banker and white house buddies and decided to try a strategy of
solving a problem with calmness and ignorance
as if it will work
Nice name. I'm sure my most recent post with that term had some influence on your namesake.
He's right about gold. Stocks are a way smarter investment.
His real estate recommendation has more to do with making that asset more liquid. I think he just needs a property management company, but it sounded as if buying baskets of houses in areas needs to be addressed as something that doesn't require individual closings and make it a product where you could buy multiple houses on a single loan or instrument without all the red tape of contacting real estate agents and going through deed companies.
They call these REITS, but usually not particularly scalable and definitely illiquid.