Buffett states his liabilities in his shareholder letter and his view of the flaws inherhent in the Black Scholes model especially when pricing...
http://www.berkshirehathaway.com/letters/2008ltr.pdf Read page 18. To your point, high rated counterparties can negotiate contracts that do...
http://www.berkshirehathaway.com/letters/2008ltr.pdf It is true nonetheless. AIG did not negotiate its contracts well to put it mildly, but...
My point is different. Unlike AIG, most of his contracts require zero collateral to be posted. Only a handful of contracts have a collateral...
http://www.berkshirehathaway.com/letters/2008ltr.pdf Only a small percentage of Berkshire Hathawayâs contracts require it to post collateral...
http://www.bloomberg.com/apps/news?pid=20601087&sid=atSsZ5Fp8xuY&refer=home The Fed just got done pushing the mergers of ML/BAC and BS/JPM to...
If we see backlash from John Q Public, it won't be pretty.
Buffett, Tavakoli Flag Ponzi Scheme Bigger Than Madoff's Bloomberg News - March 5, 2009 Interviewed by Yalman...
This is the link to this weekend's FT article on her new book. I read the book; it's the best explanation I've read of the meltdown:...
As I responded in the other thread, Tavakoli has been a consistent critic of the models, but says that while the models were flawed, the key...
This is a review of her most recent book in this weekend's FT: http://www.ft.com/cms/s/2/caf27fa0-fedf-11dd-b19a-000077b07658.html Dear Mr...
Yep. Definitely a white hat with the evidence to prove it. Her book DEAR MR. BUFFETT gives dates and articles of her criticism going back to a...
Tavakoli has been a consistent critic of the models, but says the overwhelming problem was malfeasance. Those who think a new model will...
Great question, Libertad. Soros various, and there are references to some of his trades in these posts. Paulson is also various, but it was...
Makes him look too folksy, similar to Buffett playing a ukelele. But he pulled it off by appealing to people whose sense of worth comes from...
Let's ask her. Rogers's blurb is at the top of the book jacket back cover:...
http://traderfeed.blogspot.com/2009/02/featured-book-look-dear-mr-buffett-by.html The shareholders are running for the exits, not depositors...
It's a one way conversion. BRKA converts to 30 BRKB, not the other way around, but the gap is usually much narrower as you have observed. If one...
Get your "Smash Me" Bernie Doll http://www.google.com/hostednews/ap/article/ALeqM5hQXLrenDk8NTsjaMF5_C0qVxZhbQD96CQSG80 Then you might want...
Geithner has been involved since day one, so I expected a better plan and less confusion such as that mentioned in today's WaPo:...
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