Indeedy, one of us may very well be wrong... Maybe we should open the question to the audience in the Options forum and see whether anyone has anything useful to say on the subject. I am always willing to enhance my understanding. Thank you and same to you.
Oh please... this is more of a variation in investment vehicles than a style drift. It's still a long term bet on business. Here's some context since you specialize in out-of-context hindsight from your mommy's basement. Berkshire's practical exposure is far less than $37.1 billion because the world would almost have to end to lose the full amount... the S&P 500, FTSE 100, Euro Stoxx 50, and Nikkei 225 would ALL have to be at ZERO on the termination dates of the contracts. In the real world, whatever losses (if any) will probably be more than offset by the $4.9 billion in premiums Berkshire received, PLUS what they earn on that money over all those years.
funny man, you first steal the thread, then you declare everyone else deficient while you are the one who believes money can only be made the way you trade. I guess I am also not complaining, I am sure you give back parts of your p&l because of your ignorance while you sit happily in your seat because you got the vol side right although you could have possibly made more had you considered all the facets of the trade. Maybe you need to excuse couple of us guys who rather give W.B. the benefit of the doubt than a guy who has a schizophrenic urge to be right all the time without having the slightest insight other than a website post.
You know, if you're gonna hug Buffett's balls so much, you might as well learn the details. He would not have gotten hurt with his investment. There is a reason why it was not something like a PIPE. Where is the insult, I simply posted the truth.
Cleaning boy, you really should STFU and pay attention to atticus's posts. You might learn a little something. When it comes to options, he really knows what he is talking about.
Nope... the real black hole of stupidity is you pretending you know better than Buffett from your mommy's basement
that was exactly my point. He knows something about options, but knows nil about the context in which those options were sold. But I guess he can talk for himself or are you his little boy?
Actually I'm not his friend and have gotten into arguments with him over other discussed issues on this site. But I'm not a clueless idiot like you and pay close attention when he speaks his knowledge. From his posts versus your posts, it's very obvious that he has actually read in detail on Buffett's options deal as well as followed it while you simply stick by your fanboi rhetoric that only has one line of thinking of "Buffett & Goldman are gods and can do no wrong".
I am in trading I respect those who make money within the legal bounds. So, yes, I do respect them. Piss around as much as you like, those who succeed are the ones proven right no matter what some self-declared guru has to say.