you guys assume buffett is an honest guy running an honest business. Two very larger assumptions. This could have been payback. This could have been demanded by the U.S. government for feeding him money all these years. This could have been a crooked way to cash out for his kids who are not supposed to see an inheritance. I too at first that is sure an odd move. I then tried to frame this as well - he will sure get some interest. Now, I suspect it was not an arms length transaction. Note to people who are afraid of lawsuits. Buffett is a public figure and I clearly state this is my suspicion. I am not saying Buffett is not honest. I just find this whole would be a fitting capstone to a contrived trumped up career. Worlds greatest investor - I doubt it.
is he getting nervous that the rising IV and rising value of his puts are gonna cause the Mother of all margin calls?
He did what they aLL DO. He took the money NOW, and prayed he wont have to PAY LATER. This is what killed everything slobs. I suggest CLAWBACK be made the law of the land. No scumbag real estate pimps collecting commish , then disappearing when the market collapses. No huge CEO/TRADER bonuses for 5 years then the company blows up and they keep the $. CLAW FUCKING BACK morons. You know Im right.
sheeeet. Here's a guy that calls Buffet a poser. He must be an ET reader. They keep stealing my material http://www.minyanville.com/articles/buffett-Warren-CDS-options-brka/index/a/21393