Buffett says individuals should be prevented from trading index futures

[rcaldwell]

His interviews don't appear to add anything of value anymore and some of it is just blabbering horse#$%^. Outside of his obvious business acumen, nothing here worthwhile.

 

[FightTheFuture]

Warren Edward Buffett (pronounced /ˈbʌfɨt/; born August 30, 1930) (age 79)


Tick tick tick... any minute now.

 

[stock777]

Many of those traders Warrie was talking about took themselves out today.

 

[number22]

I will definitely respect Rogers over Buffett in any day. They are both smart and competent traders, but Buffett is more bend over toward establishment.

 

[bone]

Bone says individuals should be prevented from trading Berkshire Hathaway.

 

[Arjun1]

Quote from austinp:

I lost all respect for Buffett when I read the story on how he disowned his step-granddaughter and wrote her off completely. No adult with a smattering of human decency treats a child like that... especially a public demigod like he's supposed to be. Real role model.

Since then I don't read one word written about him or especially by him. Better off ignoring his very existence, it appears

Here is the granddaughter's side of the story:
http://www.marieclaire.com/world-reports/news/latest/warren-buffett-granddaughter-nicole-buffett

 

[bone]

Arjun:

Good work. That's too bad, because she's not bad looking, and you can marry more money in 5 minutes than you can make in a lifetime.

 

[Lojanica]

Quote from HotTip:

I was surprised that in all the discussion about the housing bubble, the financial crisis and derivatives, that he would single out individuals trading index futures for speculation as what should be banned.

http://www.cnbc.com/id/15840232?video=1483967932&play=1

It's in the latter third of the video. He says it not once, but twice! Can someone explain to me how individual futures traders caused the recent financial crisis?

Just for the record I do not like Warren Buffet. He reminds me of my aunt Matilda who used to get all googly eyed when my mom made me wash the mud off in the back after sandlot.

 

[LEAPup]

Quote from bone:

He and Soros are little peas in a pod. Advocates for democratic socialism now that they got theirs performing the exact same behaviors they now rail against. Same goes for their advocacy for more taxation. Do as I say, not as I do.

Agreed 100%!!!!

 

[Illum]

Its always the little guy causing all the problems..... What a dumb old s.o.b. A vampire socialist like that can never blame oh I dunno.... Congress and the Fed? Nah, must have been a trader...