CNBC: The "End" of Warren Buffett

Is This the End of Warren Buffett?

  • Yes

    Votes: 33 37.1%

  • No

    Votes: 56 62.9%
  • Total voters
    89
that david kass has a short position.

why else would he go on public record to make such lame ass comment to the media.

i think understands float etc as pro. he ain't no retard.




Quote from MachM1:

Just days after renewing his public criticism of Warren Buffett's current investment strategy and situation, the well-known short seller Doug Kass is out with a very bearish outlook for Berkshire Hathaway shares.

And this time he's not just making a short-term prediction as he did last year when he bet against Berkshire's stock for several months and then covered that bet at a profit.

Today on TheStreet.com, Kass asks, "Is This the End of Warren Buffett?"

Based on reported Berkshire holdings as of September 30, and the stock moves since then, Kass estimates:

Wells Fargo: $6.3 billion lost on 290 million shares

American Express: $2.9 billion lost on 151 million shares

Coca-Cola: $2.1 billion lost on 200 million shares

Burlington Northern Santa Fe: $1.8 billion lost on 63 million shares

ConocoPhillips: $1.5 billion lost on 60 million shares

U.S. Bancorp: $1.5 billion on 73 million shares

http://www.cnbc.com/id/28877530
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Quote from MachM1:

Reuters (UK)-: The Treasury bond "bubble" bursting slowly

The proximate cause for the selling in Treasuries stems from expectations that the government will need to borrow about $2 trillion of debt this year to finance its rescue packages for the battered banking sector. Already, outstanding Treasury debt stood at $5.5 trillion at the end of September.

With this in mind, investors are fleeing Treasuries. In fact, while the Dow Jones industrial average .DJI is down 7.5 percent so far this year, the 30-year Treasury bond is down even more at 10 percent. This is contrary to the usual dynamic, where Treasuries move in the opposite direction of stocks.

Over the last three weeks, investors have been selling U.S. Treasury bonds heavily, giving the 30-year Treasury bond's yield this week its biggest weekly jump since 2001, shortly after the September 11 attacks on the United States.

http://uk.reuters.com/article/ousiv/idUKTRE50N0GF20090124
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WTF does this have to do with the thread?
 
LOL!!! I hit a sore spot!

You didn't answer my question... 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 forestfire:

Wow -that last comment speaks volumes, almost sounds like a cry for help.

I bet you've only just escaped from your parents basement and now that your dad isn't fucking you up the arse on a regular basis, you feel the need to lash out.

Oh and by the way, if you're trying to insult me then the least you can do is come up with something original, not a tired worn out scenario that you beat off to.

Obviously you are a spamming cunt, but I think there is a good chance you are either cocktrad3r, increase now or that bullz and bears gayboy.

To paraphrase, seeing as your powers of reflection are limited -

GO FUCK YOURSELF YOU CUNT
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That's YOUR "logic" not mine, moron.

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 IShopAtPublix:

Using your logic, the guys at google should have never created their company because the richest man in the world (at the time) especially in software, would never let a search engine blossom...

Buffett is not Jesus and no matter your devotion to him, Buffet can and does make mistakes.
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Quote from MachM1:

Already, outstanding Treasury debt stood at $5.5 trillion at the end of September.
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That number can't be right. There has to be at least as many Treasury $$$ out there as there is Federal debt. My guess is they've excluded the giant pile of T-bonds sitting in the infamous SS and Health Benefit "lock boxes". The SS pile is arguably excludable for the near-term as the program is still slightly in surplus, but the Health benefit program is not and should now be included in such calculations.
 
Idiots, there's no way for Buffet to dodge these bullets.

He is the house.

His selling of those puts wasn't too bright, but the other stuff, no exit, 'cept the final exit.

No one forced his stockholders to hang on. Can't blame the old man.
 
Quote from Trader666:

LOL!!! I hit a sore spot!

You didn't answer my question... 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?
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Man, did you ever. We need to chip in and get that boy some prozac. He's got anger issues.

He'll read these posts tomorrow and pull a Mike Tyson:

"I want to rip out his heart and feed it to him. I want to kill people. I want to rip their stomachs out and eat their children. I'm on the Zoloft to keep from killin ya'll."
 
And for the OP, I guess that's the downside to managing a huge portfolio. You can't just liquidate and hide the cash under your mattress.

I have a feeling Warren will be just fine, though.
 
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