apppro

Memo to Warren: AmEx Preferred at 15%, Warrants at $12

Maybe so, but if he's going to use his pulpit through political leaders he financed into office, then he should have been more willing to be a promoter of the greater good and not it's destroyer.
I hope his practice of having surrogates put companies into financial trouble so he can pick up the pieces, is not utilized by the innocents he just help get elected.



On Nov 16 04:02 PM Canuckify wrote:

> Apppro - why should Buffet bail you out? He has a fiduciary obligation
> on behalf of his shareholders in Berkshire not to make the same stupid
> mistakes as the rest of corporate america.
>
> While I am not a shareholder in BRK, I wonder why everyone thinks
> he will come to the rescue of everyone. He's the ultimate capitalist,
> and as GE and GS know, he drives a hard bargain.
>
> I am also humble enough to know that I shouldn't be writing him any
> memos nor making any recommendations. I can only watch, marvel at
> his patience, and try to learn a thing or two so that I can improve
> my own performance down the road.

Memo to Warren: AmEx Preferred at 15%, Warrants at $12

Here's my memo to Warren:

Hey Mr. Bigshot,
If you had just not been such a wise guy 1 year ago and had just invested in Ambac and MBIA without some absurd limits, maybe just maybe, this entire financial mess could have been prevented.
Think about it!