oldgoldbug

Breaking the Back of Buffett

Warren Buffett is without question the finest long term speculator/investor of our time. He has made massive bets on stocks in (mostly) a rising market environment. He sticks with what he knows and he resists the pull of the crowd to invest when stocks are too expensive.
You have to give someone credit who keeps his powder dry until the odds are in his favor. The deals he cut with GS and GE are quite creative, although the need for such companies to cut deals like these appears to be giving the market real concerns. Short term they may be down, but his positioning for the long term is exemplary.