Buffet wants to be the modern 'House of Morgan.' Eerie similarities to today. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/8BUDKd8Q7Jw&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/8BUDKd8Q7Jw&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
No . . . actually not similiar at all. The only similarity between propping up other banks and buying a railroad is that money is exchanged. - - -
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. 5yr
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.
You do mean short puts, right? By chance, do you know what the strike and expiration is on those puts?
He has thrown a hail mary... âIt doesnât mean weâre out of business, but it does mean that we wonât be making any huge deals for a while,â 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.
But he did help out Goldman Sachs in its time of need. That would be helping the system (and himself).
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
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...
Deflation is the much larger threat, and maybe for many years. Bond markets have it right. Gold will crash soon. Very soon.