User 166713

Buffett On Derivatives: 'A Fool's Game'

Mr. Buffet tells it like it is. The media made fun of him during the internet stock bubble when he said he does not buy things he does not understand. The mass media thought he was a silly old man that did not understand technology. Years later he again appeared to be the wise old man who meant to say he did not understand why internet stocks were so high with no earnings. Real estate values jumped because everyone with their hand out earned commissions on each rising sale. No Realtor, mortgage broker or appraiser in their right mind would ever say real estate is headed flat or down. They kept telling everyone real estate could not go down. Mr. B has been right in the past and will be in the future.