teriyaki

Preview from Europe: Inactive Obama Leads Indices Lower

Stating that Buffett has a pretty poor record when it comes to investing in financials, just indicates to me that you haven't a clue as to what you are talking about.

Is Warren Buffett Missing Something?

And when the Mars family wants to monetize some of their Mars, Incorporated holdings, I suspect Warren will be there again. Mars and Wrigley have survived depressions, world wars, stagflation and oil spikes. Just imagine a couple of billion Chinese and Indians chewing gum.

I suspect Warren is well aware of the future of oil and has decided instead to invest in railroads that will be transporting coal for decades to come and which feed his power company. By the way, he also bought Marmon, which makes rail cars. If you want to invest in ConocoPhillips, then invest in it directly.

Berkshire Hathaway's Derivative Play

I believe the notional value of the derivative contracts is shown on page 7 of the 10-Q.