lorddarley

Buffett Serving Free Lunch? (Part II)

You are assuming that Berkshire stays naked and uncovered for the next 11 years. Come on. As the market rises in the next 11 years (a very good bet) they will purchase other positions to cover whatever risk exists.

The ultimate result will be a much better return than fixed income treasuries. Warren runs an insurance company, not a casino. He has smart people who have undoubtedly thought through a risk management strategy. Not surprisingly, the financial press has only reported a headline" and not explored further.

LordDarley