Warren Buffett's Berkshire Credit Risk Soars to One Level Above Junk

``That's just so stupid,'' said Mohnish Pabrai, head of Pabrai Investment Funds and a Berkshire shareholder. The swap buyers are projecting ``present circumstances into infinity'' and concluding Buffett's bet will cost the company $40 billion, Pabrai said. ``It will never happen,'' he said.

Apparently to pabrai the chance of a japanese scenario in the US in the middle of the worst credit bubble burst in history is 0

http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3BmoyP2nVU&refer=home

 

pabri is also a buffet clone. ie he buys what buffet buys expect, pabria don't got buffett $$

 

and now, 2 minutes buffet

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I have seen this pabrai guy on the tube gushing over Buffy. He is one of Buffy's biggest worshippers.

I'd bet 30 years trading profits He'd suck Buffy's old saggy balls if Buffy asked.

 

i bet $$ he'd only suck those saggy balls if he felt that th P/E was at a historic low. ie seeking value in them hairless sagggy bawls

 

an indian guy with a business model of copying?

nooooooooooo! say it isnt so!

 

pabrai definitely takes the buffett worshiping too far. he forgets that buffett's correlation with the sp500 should be 85%+
If the US goes buffett goes too, he's in all those positions in private business that can't be sold and blind faith the US cant go down

 

``That's just so stupid,'' said Mohnish Pabrai, head of Pabrai Investment Funds.


I wonder, if he thinks that his stock picks and performance are smart?

He must be 'napping' a lot, these days!


http://www.gurufocus.com/score_board.php

 

The credit markets are still panic stricken like crazy. cash is the only thing in a bull market

 

value trap