Video re 1929 Crash: Wall St & Main St diverge, Buffet tries to instill confidence

Discussion in 'Wall St. News' started by ByLoSellHi, Nov 3, 2009.

  1. Buffet wants to be the modern 'House of Morgan.'

    Eerie similarities to today.

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  2. No . . . actually not similiar at all. The only similarity between propping up other banks and buying a railroad is that money is exchanged. - - -
  3. Totally right, Buffet is buying because he thinks its cheap, not to support the system. I don't know if he would support the system if it needed it, he would buy companies that he perceived had value.

  4. Buffet has open naked puts. He bought a company from himself and tried to weasel Berkshire into the sp. He will die choking on a big mac.
  5. the1


    You do mean short puts, right? By chance, do you know what the strike and expiration is on those puts?

  6. He has thrown a hail mary...

    “It doesn’t mean we’re out of business, but it does mean that we won’t be making any huge deals for a while,” Buffett told the network today. He said earlier this year the company needs at least $10 billion in cash to be ready for unforeseen events such as catastrophe claims at its insurance units.
  7. sprstpd


    But he did help out Goldman Sachs in its time of need. That would be helping the system (and himself).
  8. dtan1e


    he wasn't doing charity, more like he bought it at that time thinking it was cheap, why do u think he went on saying later if the gov't doesn't bail out the banks/ economy whatever the economy will crumble or something ... during that time he was taking a something like over 30% loss or sorts
  9. Buffett bought BN because he has too much cash and he knows that cash is going down the tubes.
    BN is a decent inflation hedge...
  10. Deflation is the much larger threat, and maybe for many years. Bond markets have it right.

    Gold will crash soon. Very soon.
    #10     Nov 3, 2009