Question about Buffett's Puts

thanks for the insight into the potential counter parties.

by the way I have not been on the buffett bandwagon since he put down short term traders. ( i realized then he was an insincere bastard- as if he is not a trader.)

remember he is the a jerkoff who makes socialist statments under the guise of caring about the working class - all the while he owns 10% of moodys - which was certifying toxic assets as investment grade - which allowed wall street to ransack working class peoples pensions funds directly and tax dollars - indirectly.


Until I learn otherwise I believe he is just like any other successful crooked guy.
 
Quote from Wolfgang1756:

It amazes me that everyone here is praising Buffett's genius and all.

BUT I bet this time last year (when these Puts were down more than 100% - a paper loss of $5B or so) on this very same forum the exact same people (myself included) would have been mocking him and saying what a lousy trade!

And we traders/investors have VERY SHORT MEMORY!!!
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That is the point. Buffett is the President's most-listened-to adviser.

Buffett takes the loss out of the puts HIMSELF, by advising the President to enact the stimulus, and other measures, TO SUPPORT THE STOCK MARKET.

You can have a subsidy from all our nations other citizens if you go long stocks.
 
I for one am not praising him, I just think he is making the best of his billion dollar position. Selling puts with 20 year expiration, buying warrants with 10% dividend GS, etc... those deals we can only dream of, I think if you are Buffet, you can 'cheat' all you want! That's not dumb praise but rather an interesting insight to me.
 
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