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Donald van Deventer
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Donald R. van Deventer founded the Kamakura Corporation in April, 1990 and is currently Chairman and Chief Executive Officer. Dr. van Deventer's emphasis at Kamakura Corporation is enterprise wide risk management and modern credit risk technology. The second edition of his newest book, Advanced... More
My company:
Kamakura Corporation
My blog:
Donald R. van Deventer's Kamakura Blog
My book:
Advanced Financial Risk Management, 2nd Edition 2013
  • Berkshire Hathaway Credit Default Swap Trading Volume Tops $1 Billion July 18, 2014 2 comments
    Jul 23, 2014 1:38 PM | about stocks: BRK.A, BRK.B

    (click to enlarge)brk

    No firm has fans as passionate as the fans of Warren Buffett and Berkshire Hathaway. Those fans will be astonished that there were 112 trades for $1.0 billion in notional principal on the bet that Berkshire Hathaway will default in the next five years--and that was trading volume for the week of July 18 alone. This is a situation that warrants monitoring.

    This chart ranks the reference names traded in the credit default swap market in the most recent week by the notional principal of credit default swaps traded on that reference name. The number of reference names traded, the total notional principal traded for all reference names, and the total number of trades are given at the top of the chart.

    The data is provided by Kamakura Risk Information Services. For more information please contact

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: BRK.A, BRK.B
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Comments (2)
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  • psychological-dividends
    , contributor
    Comments (819) | Send Message
    That's a pretty cynical list. Look at the number of governments on it.
    28 Jul 2014, 01:46 PM Reply Like
  • Donald van Deventer
    , contributor
    Comments (2133) | Send Message
    Author’s reply » Absolutely right. CDS are the equivalent of life insurance policies on specific (corporate) individuals that are freely trading. The sovereigns have come to dominate what trading there is.
    28 Jul 2014, 04:03 PM Reply Like
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