Buffett feels horny today?

Discussion in 'Wall St. News' started by turkeyneck, Jun 25, 2008.

  1. Warren Buffett Says Sell to Me, Not `Porn Shop,'

    ``You can sell it to Berkshire, and we'll put it in the Metropolitan Museum; it'll have a wing all by itself; it'll be there forever,'' he says at the February meeting. ``Or you can sell it to some porn shop operator, and he'll take the painting and he'll make the boobs a little bigger and he'll stick it up in the window, and some other guy will come along in a raincoat, and he'll buy it.''

    http://www.bloomberg.com/apps/news?pid=20601109&sid=aeFpqxqAMwwo&refer=home
     
  2. the porn shop operator is synomous to wall street brokers and speculators and market makers/investment bankers and hedg funds.

    the investment bankers or hedge funds will destroy your company if they own it.



     
  3. phoenix3

    phoenix3

    For liberal Viagra mainlining Democrats like WB, it is ultimately and always about s*e*x.
     
  4. Buffet liberal?

    You're a funny guy.

    He's saturated with common sense.
     
  5. Bud Fox: Why do you need to wreck this company?
    Gordon Gekko: Because it's WRECKABLE, all right?
     
  6. Arnie

    Arnie


    Bwahahahahahahaha:D :D

    Now THAT was funny!!
     
  7. Buffet is in a rush to trim down his huge cash position. He knows the mechanics of inflation very well and realizes that his cash positions are the least valueable part of his business.
     
  8. that is the problem with interest rates at 2%.

    if you are only looking for 7.5% annual return

    dividends, bond yield and even high interes saving account would be suffice.

    but FED has the investors in rock in a hard place with stagflation environment.







     
  9. hedge funds and mutual funds or any fund need a minimum cash position to cover cash withdrawals



     
  10. his positions are so big it's not liquid in some cases.



     
    #10     Jun 25, 2008