Frogman

Berkshire Hathaway: Proof That the CDS Market Is Irrational

If we continue on our "lost decade theme" which we have so far repeated and look at our Japanese counterparts who made the same stupid mistakes...(enabling the banks) one can absolutely ascertain that BRK.A's put was foolish and the CDS market is approriately priced...this will be an L shaped recovery...also look at what happened during the great depression....market didn't go anywhere for 15 plus years....Warren will be long gone by then and not see that bet blow up anyway....