Erich Riesenberg

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

I understand the desire to be comfortable with everything Buffett, but still, even if these derivatives don't cost Berkshire too much money in absolute terms, isn't the timing of their sale a huge opportunity cost? Woudln't Mr Buffett's reputation be so much better if he were selling this insurance now, at higher prices?

And, I will not have a lot of faith in Buffett until I hear some attempt to explain why he so strongly supported the original Paulson Plan and Paulson. Buffett and Paulson did not even agree on the Plan (Pauslon wanted to pay above market for the assets) and Paulson did not even implement the Plan. Was Buffett wrong or dishonest?

If only CNBC had some hungry journalists who would ask worthwhile questions.