formerhawk

Buffett Endorses 'Mark-to-Market' as a Producer of Ways to Profit

Very interesting. As long as we have mark-to-market we will have wild market swings ref: Buffet's own statement about what MTM vs accrual did to derivitives held by BRK. Wild swings only increase market speculation which will further enhance the notion that Wall Street is just one big casino. Have fun rolling your dice Warren.

MTM has probably exasperated the downturn in property valuation and will continue to do so. Unfortunately the damage has already been done.

Does It Pay To Follow Buffet Blindly?

A few nevers:
Never have all of your money in one place.
Never let any one person or group manage all of your money.

And most important never follow any person blindly!

What Does Warren Buffett See in General Electric?

Jimmy good post. Exactly why I have kept my GE and probably why Buffett has his. If GE folds then you may as well figure that any of your investments are probably worthless including your dollars or whatever other currency you want to invest in.

Does Warren Buffett Think Goldman Is More Creditworthy Than GE?

Annie Trust You put it all in perspective. Only reason I haven't sold mine (and I have lost a lot of sleep about it) is that I see huge upside potential in this stock.