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wow...you really know how to do DD...
May 23 15:00 pm
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All Comments by DonSuper »The White Elephant That Could Destroy Your Portfolio, Part I [View article]
Buffett DID NOT loose 1 Billion in derivatives last quarter (it was just accounting)...because those contracts cannot be called early...and they are LONG TERM contracts...specifical... PUT OPTIONS he sold on indexes with terms of 15-20 years...
You really think the SP500, DAX, etc. will be lower in 15-20 years? Those contracts are as close as you can get to receiving free money in the market.