roscoNOLA

A Bailout for Berkshire?

I believe that Kirk Kerkorian has lost more than Warren on his holdings of MGM Mirage. The article in the Wall St. Journal didn't mention him. Mr. Buffett pledged that stock to charity, so he's not losing any sleep over it!

A Bailout for Berkshire?

Julian, surely you know more about what you are writing than Mr. Buffett. I'm sure that history will prove you right on every point. Julian Van Erlach, whose reputation and intellect is supported by decades of public actions and unprecedented wealth creation. Every time Warren does anything, there is someone writing a negative article. He doesn't TIME markets, he PRICES them. He doesn't have to pick an exact market bottom - he never has - he still outperformed every other investor over a statistically significant time frame. You are missing everything, Julian. Mr. Buffett is an insurance man - he took calculated risks in selling those puts and Credit Default Swaps - and the final settlement has not occurred yet. Bet against him at your own peril.