Buffet warns of problem in the next 10 years

btw,

anyone can reasonably assume that the insurance companies he owns are up to their neck in derivatives.


how do they lay off risk otherwise?

 

but its sadly so true.

 

check out some of the convertible bond financing he has provided in the past. i think it was GS that he got like a 9% yield and made a fortune on the conversion.

when i say opportunist, i mean it as a compliment.

 

Excessively amorphous to draw a descent conclusion.

 

I was at the Eurex Traders day. Russ Wasserman was thinking the same way.

 

It is interesting that Greenspan said derivative is good. In particular, he said that banks did fairly well in 2000-04 despite of Enron, Worldcom, largely because of credit derivatives.


Whom do you believe? Buffet or Greenspan?

 

Quiz: Who is the guy who "teaches" investors to buy and hold while he "the magician" buys and sells like the trader he hates? :eek:

Don't ask me, ask the devil.

 

DIE STOCKS DIE!!!

DIE BONDS DIE!!!

CRASH BABY!!!!!

Rates ripping, crude at new all time highs, and Wall St. is in denial about the whole thing.

LOL

 

hostile government--- yes.

undereducated---- no.


surfer :eek:

 

http://elitetrader.com/vb/showthread.php?s=&threadid=32393