Buffett says US in 'economic Pearl Harbor'

Trader666 · Jan 18, 2009

Actually, you wrote: "Buffet is washed up and has lost his ever loving mind" which makes you a moron.

Your GS and GE examples are naive because he operates on a different level and timeframe and bought perpetual preferred stock with a 10% dividend and also received 5 year warrants on the common. Do your homework.

So I'll ask you again...do you see the irony of you living in your parents' basement criticizing the guy who was #1 on the 2008 Forbes list of the world's billionaires?

Quote from dinoman:

If you paid any attention around here you would pull your foot out off your mouth.

Did I say Buffets whole life was a wash? No! I was referring to the GS and GE investments. I stand by my statement that he has lost when it comes to judging this crisis as a "Pearl harbor".

Maybe I would've given him a little slack if he referred it to the "Hiroshima and Nagasaki" incident for Japan.

tmarket · Jan 19, 2009

The real question is not Buffet but rather, who is playing this guy in this 'economic Pearl Harbor' ?

flytiger · Jan 19, 2009

Quote from jficquette:

FDR was warned repeately by the military that Japan was interested in attacking Pearl Harbor.

John

Billy Mitchell told them in 1925. The Army courtmartialed him.

Buffett knew this was coming. He preferred to ignore it because it was "too Big". great mind there. A guy who could have sounded the alarm as too big. Now, he goes out the Schmuck he is.

Hey, I saw Wilbur Ross pump his own gas in a dark gas station Saturday night. That's how bad it is. And man, those pink Palm Beach pants. Sheesch. He must be shopping thrift shops.

forex-forex · Jan 19, 2009

Quote from jficquette:

FDR was warned repeately by the military that Japan was interested in attacking Pearl Harbor.

John

The USA wanted to get involved in the war earlier but needed a reason to enter. Pearl Harbor was that reason.

FanOfFridays · Jan 19, 2009

Quote from Trader666:

Actually, you wrote: "Buffet is washed up and has lost his ever loving mind" which makes you a moron.

Your GS and GE examples are naive because he operates on a different level and timeframe and bought perpetual preferred stock with a 10% dividend and also received 5 year warrants on the common. Do your homework.

So I'll ask you again...do you see the irony of you living in your parents' basement criticizing the guy who was #1 on the 2008 Forbes list of the world's billionaires?

That's what's called 'ownage'. Hopefully little dinosaur will have the common sense to slink off and try again in another thread.

Nice job, T666. It's laughable when these pikers come on here and criticize guys with an investing track record like Buffet.

Brons · Jan 19, 2009

Lol at all the people thinking the GE and GS deals were bad for WB. He gets a freaking 10% dividend, and that's before the common stock gets anything. So who's the looser now? You realize he didn't buy the common at all? So it doesn't matter if it's down 90% since his purchase of preferred. His preferred stock has nothing to do with the common.

And these people are posting on a board called 'elite' trader but don't know the difference between common and preferred stock. Lol.

Debaser82 · Jan 19, 2009

Common or preferred, 2008 exposed Buffet for what he is, a shill of the big boys who called upon him to pay back the favour and try and stabilize the markets.

If failed but who cares the guy is like 110..

Brons · Jan 19, 2009

Quote from Debaser82:

Common or preferred, 2008 exposed Buffet for what he is, a shill of the big boys who called upon him to pay back the favour and try and stabilize the markets.

If failed but who cares the guy is like 110..

What? Do you really not understand what preferred stock are? His investment doesn't go down when the common goes down. He gets a 10% return per year on both investmens, pretty sweet return for the several billions he invested.

Mvic · Jan 19, 2009

Quote from flytiger:

Billy Mitchell told them in 1925. The Army courtmartialed him.

Buffett knew this was coming. He preferred to ignore it because it was "too Big". great mind there. A guy who could have sounded the alarm as too big. Now, he goes out the Schmuck he is.

Hey, I saw Wilbur Ross pump his own gas in a dark gas station Saturday night. That's how bad it is. And man, those pink Palm Beach pants. Sheesch. He must be shopping thrift shops.

What are you talking about, Buffet was warning about the coming problems at least as far back as 2003. Just because he wasn't willing to jump on Byrne's crusade don't distort his record.

http://news.bbc.co.uk/2/hi/business/2817995.stm

efficiency · Jan 19, 2009

LOL all the little munchkins on here that can't spell Buffett. Hmmm, maybe they're referring to an all-you-can-eat diner in a northern suburb of Detroit.

Warren's notorious for sweetheart deals. LVLT and MLI come to mind. He also fucks up. US Air and Munsingwear (before your time kiddies) comes to mind.

Regardless, you don't amass a 55 billion net worth being a naive fuckhead. The first billion threshold wasn't crossed until around 1983. As for a fat bastard, he's no adonis but for 80ish, not too bad. And his father was a senator.

Lastly he's not 110, only 79 pushing 80 and BRK.A net net hasn't performed better than cash since 1998. Overall, demonsrates the power of secular bull markets (1949-1966 and 1982-2000) coupled with cash COWS. Geico and Nebraska Furniture Mart come to mind.