veryold

Berkshire Hathaway: Proof That the CDS Market Is Irrational

Folksy is right. I have seen WB quoted so much, the adulation is palpable. Puts and CDS. Whatever is he thinking? I think his empire is in shambles. It will surely take some acumen for him to recover. The shares I hold in B are actually junk. I don't expect them to ever be worth much again. Seems like in his dotage he just got tired of just plain old investing wisely and so he decided to take a flyer and live on the edge and dangerously. I could have recommended sky diving or bunge jumping. Anything but these ill-advised forays into exotic strategies. Get hold of yourself, Warren!