Buffett says US in 'economic Pearl Harbor'

Quote from efficiency:


Lastly he's not 110, only 79 pushing 80 and BRK.A net net hasn't performed better than cash since 1998.

Is this "net net" really objective, or even what a shareholder should care about? BRK.A, as far as its trading price is concerned, has significantly outperformed cash since 1998, at least nominally:

http://finance.yahoo.com/q/bc?s=BRK-A&t=my&l=on&z=m&q=l&c=

Of course, taking inflation into account (whatever the "true" inflation has been since 1998, another subjective stat I suppose), maybe it's a wash.
 
Quote from JamesVU2000:

he's a market limit order just waiting to happen

Markets I trade, "market limit order" would be an oxymoron :D What do you mean by that?
 
Quote from dividend:

Buffett says US in 'economic Pearl Harbor
USA army should over-throw the government and gain 100% control over USA administration. Barak Obama & his team is too weak, incompetent and useless.

George Bush was the Best-ever USA President.

What further improvements and better policies can Barak Obama make which George Bush could not make. It is a dead end and there is no way out. It's over.
 
Quote from ChkitOut:

Lets not forget he endorsed Obama. Yes, I'd say he lost his mind considering he turned his back on everything that got him to where he is.
You are talking gibberish. Buffett has been a Democrat since early adulthood, before and during his massive accumulation of wealth. His mind has remained remarkably intact throughout.
 
Quote from dividend:

http://biz.yahoo.com/ap/090118/ne_buffett_economy.html


Many pros saw this coming since before 2006. They saw the housing bubble, the toxic mortgages, and deflation.

Is Buffett saying some ppl saw Pearl Harbor coming?

buffet didnt really say anything in that article - it is classic '2 minutes buffet'

and now, 2 minutes buffet

Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...Buffett....Buffett....Buffett....Buffett....'The Oracle of Omaha'...
 
Buffett's investments in GS and GE are very misunderstood. He invested billions into each company at 10% guaranteed interest with an option to buy warrants at a fixed price. He has not lost a dime in either of these companies and the only way he can lose money is if they default on their interest payments. Warrants are an option to buy a stock at a certain price over a certain time, not an obligation to do so. Pretty smart if you ask me, especially since the USG will not either of these companies fail. Mr. Buffett is getting a guaranteed 10%.

Quote from dinoman:

Buffet is washed up and has lost his ever loving mind! Just look at his investments in GS and GE!

He totally contradicted himself in those investments.
 
Quote from ProfitTakgFool:

Buffett's investments in GS and GE are very misunderstood. He invested billions into each company at 10% guaranteed interest with an option to buy warrants at a fixed price. He has not lost a dime in either of these companies and the only way he can lose money is if they default on their interest payments. Warrants are an option to buy a stock at a certain price over a certain time, not an obligation to do so. Pretty smart if you ask me, especially since the USG will not either of these companies fail. Mr. Buffett is getting a guaranteed 10%.


Yes you are correct, but is that 10% on what the current share price is?



"Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) agreed to buy $5 billion in perpetual preferred Goldman shares that pay 10% interest. In addition, Berkshire receives warrants giving it the right to buy $5 billion worth of Goldman’s common shares at any time over the next five years at a price of $115 per share. The shares closed Tuesday at $125.05 and yesterday (Wednesday) at $133, up $7.95, or 6.36%, each.

"Goldman Sachs is an exceptional institution," Buffett said in a statement. "It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance." "

http://www.moneymorning.com/2008/09/25/warren-buffett-goldman-sachs/
 
Quote from Euler:

BRK.A, as far as its trading price is concerned, has significantly outperformed cash since 1998, at least nominally:

What he meant that BRK.A hit 80 K back in 98 and so did it again 3 months ago, thus you can look at it that in 10 years it went nowhere....
 
I think either buffett is losing his touch or he is learning some of the flaws in his method. I posted about this on the link in my profile
 
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