WallStTider's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/189104/comments http://seekingalpha.com/article/92916-california-home-sales-43-year-over-year-increase?source=feed#comment-240224 240224
You lost me right there, and that was just the first sentence. It's not hard to show an increase in home sales if you keep revising the previous month's number down each month later. The fact that you never refute this and even seem to go along saying that "California is bucking [this] trend" tells me that you, like many others here have pointed out, have no idea what you are talking about.]]> Wed, 27 Aug 2008 13:18:37 -0400
You lost me right there, and that was just the first sentence. It's not hard to show an increase in home sales if you keep revising the previous month's number down each month later. The fact that you never refute this and even seem to go along saying that "California is bucking [this] trend" tells me that you, like many others here have pointed out, have no idea what you are talking about.]]> http://seekingalpha.com/article/92916-california-home-sales-43-year-over-year-increase?source=feed#comment-240223 240223
You lost me right there, and that was just the first sentence. It's not hard to show an increase in home sales if you keep revising the previous month's number down each month later. The fact that you never refute this and even seem to go along saying that "California is bucking [this] trend" tells me that you, like many others here have pointed out, have no idea what you are talking about.]]> Wed, 27 Aug 2008 13:18:37 -0400
You lost me right there, and that was just the first sentence. It's not hard to show an increase in home sales if you keep revising the previous month's number down each month later. The fact that you never refute this and even seem to go along saying that "California is bucking [this] trend" tells me that you, like many others here have pointed out, have no idea what you are talking about.]]> http://seekingalpha.com/article/80982-why-subprime-loss-estimates-are-still-too-high?source=feed#comment-184235 184235 Thu, 12 Jun 2008 11:51:02 -0400 http://seekingalpha.com/article/79250-2-homes-for-price-of-1-ripoff?source=feed#comment-175925 175925 Thu, 29 May 2008 10:08:09 -0400 http://seekingalpha.com/article/75878-how-long-until-the-housing-market-recovers?source=feed#comment-162709 162709 Tue, 06 May 2008 12:37:11 -0400 http://seekingalpha.com/article/75744-berkshire-hathaway-s-derivative-play?source=feed#comment-162617 162617 Did he sell at-the-money or out-the-money puts? I'm not sure, and I can't find it. If he sold either of those types of puts, then I agree that more than likely, he's got a good thing going, especially while being able to invest the premia freely. Still, it's speculative by definition as you have tail-risk. Not that I believe "financial Armageddon" is occurring soon, but it has happened in the past that the indices decrease in 10-20 years. It's possible insurance companies would need to hedge at levels below the current market levels because of the inherent tail-risk of their business, but Berkshire's main business is also insurance, so who knows? Buffett no doubt has something up his sleeve that will make him and a lot of other people richer.]]> Tue, 06 May 2008 11:14:45 -0400 Did he sell at-the-money or out-the-money puts? I'm not sure, and I can't find it. If he sold either of those types of puts, then I agree that more than likely, he's got a good thing going, especially while being able to invest the premia freely. Still, it's speculative by definition as you have tail-risk. Not that I believe "financial Armageddon" is occurring soon, but it has happened in the past that the indices decrease in 10-20 years. It's possible insurance companies would need to hedge at levels below the current market levels because of the inherent tail-risk of their business, but Berkshire's main business is also insurance, so who knows? Buffett no doubt has something up his sleeve that will make him and a lot of other people richer.]]> http://seekingalpha.com/article/75744-berkshire-hathaway-s-derivative-play?source=feed#comment-162387 162387
As for the merit of the argument or statement, whichever it may be, I'm not totally convinced that this move is purely speculative on Buffett's part as that would be totally out of character to use these derivatives for that purpose. It does seem like he's in effect doubling up risk on the surface, but it all depends on what he uses the premia for. Maybe he's looking to venture hard into the utilities business.]]> Mon, 05 May 2008 23:17:55 -0400
As for the merit of the argument or statement, whichever it may be, I'm not totally convinced that this move is purely speculative on Buffett's part as that would be totally out of character to use these derivatives for that purpose. It does seem like he's in effect doubling up risk on the surface, but it all depends on what he uses the premia for. Maybe he's looking to venture hard into the utilities business.]]>