An autopsy of Berkshire's big derivatives portfolio trade

newwurldmn said:
combs wasn’t doing insider trading and his returns have been verified.
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Prove that he can trun $3k a year contribution limits back then, into a 300m balance.

Only way one can do it is that you control substantial "information" or "in the knows", bet everything at the initial APIC of a vehicle/startup/holdings co., in a Self-Direct IRA. It is some kind of insider trading wouldn't you say?
 
mervyn said:
Prove that he can trun $3k a year contribution limits back then, into a 300m balance.

Only way one can do it is that you control substantial "information" or "in the knows", bet everything at the initial APIC of a vehicle/startup/holdings co., in a Self-Direct IRA. It is some kind of insider trading wouldn't you say?
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It was a big deal like 3 years ago when the story broke. The guy earned 30%/year compounding over 30 years.
 
newwurldmn said:
It was a big deal like 3 years ago when the story broke. The guy earned 30%/year compounding over 30 years.
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I am not arguing the returns, I am saying mechanically it is the only way to snowball the ira account. mitt romney has 40m then.
 
mervyn said:
I am not arguing the returns, I am saying mechanically it is the only way to snowball the ira account. mitt romney has 40m then.
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mitt Romney did it the sleazy way: putting equity shares in at artificially depressed values. Combs did it via stock picking warren buffet style.
 
RedDuke said:
It is a known fact Buffet was going broke in 2008. Had the rules of marked to Market have not been changed.

totally get it. The usual shit of different rules for different people. Same old story. Not sain it is a bad thing, just how the world works.
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Lol . Buffet was never literally going broke.
 
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