Warren Buffet is holding the Black Swan Bag

Quote from Daal:

Even worse is when you take into account that buffett is putting his puts premiums in investments correlated to the put themselves
Plus Nassim Taleb claims 'kurtosis' is increasing globally, so fat tails could be becoming more important than past centuries
http://www.portfolio.com/views/blog...-stock-market-volatility-datapoint-of-the-day
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What do you think would Goldman advise Buffet to do is if he is running into calamities with his positions ? Maybe hedging a la AIG ? :D
 
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