Berkshire Profit on Goldman Sachs Passes $2 Billion

[drownpruf]

What part of "paper losses" don't you understand, idiot?

Your quote is from an August 2009 article but even then it was just paper losses.

Buffett's only REALIZED gain or loss to date in the index puts is a $200+ million PROFIT, on top of more than $4 billion in premium he collected between 2004 and 2008 for writing the contracts that are still open.

You are dead wrong. Comically-wrong.

He wrote it off on the quarter.

Warren Buffett's Berkshire Hathaway Inc. has reported a 62 percent drop in its 2008 net income because investment and derivative losses of nearly $7.5 billion weighed on the results.

 

[Trader666]

You are dead wrong. Comically-wrong.

He wrote it off on the quarter.

Warren Buffett's Berkshire Hathaway Inc. has reported a 62 percent drop in its 2008 net income because investment and derivative losses of nearly $7.5 billion weighed on the results.

Wrong again.

Only the index values at the expiration dates matter. The changes in the fair values of the contracts that are reported in earnings are just paper losses. Everyone knows that except you and it obviously hasn't affected the share price as you "thought" it would.

From Berkshire's 2012 letter to shareholders:

You didn't answer my question. How'd your BRKb short work out for you, chicken little? Idiot.

 

[drownpruf]

You are criminally stupid. Buffett disagrees as he wrote it off income. Buffett is referring to counter-party assignment, not earnings statements. He wrote off billions as a result of the short puts. a MTM loss against GI and the massive tax implications.

 

[Trader666]

You are criminally stupid. Buffett disagrees as he wrote it off income. Buffett is referring to counter-party assignment, not earnings statements. He wrote off billions as a result of the short puts.

Right moron... just like Berkshire was a short in July 2012

 

[drownpruf]

Right moron... just like Berkshire was a short in July 2012

He wrote off 7.5B against GI which you stated he would not, lol. It's called a MTM loss/haircut. So apparently it matters... to the balance sheet. You're defending the impossible, but it's entertaining.

To date, BRK MTM losses have exceeded MTM gains (on quarterly ES) from the index put shorts.

 

[Trader666]

He wrote off 7.5B against GI which you stated he would not, lol. It's called a MTM loss/haircut. So apparently it matters... to the balance sheet. You're defending the impossible, but it's entertaining.

To date, BRK MTM losses have exceeded MTM gains (on quarterly ES) from the index put shorts.

Speaking of tilt. Tilt. Tilt. Difficult to keep up with your desperate changes & edits.

Once again moron -- the changes in the fair values of the contracts that are reported in earnings are paper losses. And they've impacted the share price accordingly.

Hey -- where's that "shoe to drop in 2012" and how'd your Berkshire short do?

 

[drownpruf]

You are criminally stupid. Buffett disagrees as he wrote it off income. Buffett is referring to counter-party assignment, i.e., he cannot be forced to cover, but not earnings statements. He wrote off billions as a result of the short puts. a MTM loss against GI and the massive tax implications.

He wrote off 7.5B against GI which you stated he would not, lol. It's called a MTM loss/haircut. So apparently it matters... to the balance sheet. You're defending the impossible, but it's entertaining.

To date, BRK MTM losses have exceeded MTM gains (on quarterly ES) from the index put shorts.

 

[Trader666]

You're defending the impossible, but it's entertaining

No, this trade resulting from your delusions about Berkshire is impossible to defend and entertaining

 

[drownpruf]

What part of "paper losses" don't you understand, idiot?

Your quote is from an August 2009 article but even then it was just paper losses.

Buffett's only REALIZED gain or loss to date in the index puts is a $200+ million PROFIT, on top of more than $4 billion in premium he collected between 2004 and 2008 for writing the contracts that are still open.

He marked the losses against GI which dramatically impacted taxes. BRK has lost more (against their sheet) than they have gained. On the quarterlies. Public info. The trade was a disaster.

BRK has lost more (reported) on the index derivatives then they have gained, as declared.

 

[Trader666]

Berkshire ended June with $8.23 billion of paper losses and $37.48 billion of potential liabilities on the contracts.

That was in response to the above quote that you posted.

He marked the losses against GI which dramatically impacted taxes. BRK has lost more (against their sheet) than they have gained. On the quarterlies. Public info. The trade was a disaster.

BRK has lost more (reported) on the index derivatives then they have gained, as declared.

Yeah I've read the SEC filings and the market cared so much about the paper losses on the derivatives that YOUR trade was a disaster.