MaverickBian

The AIG Scandal

I remember Warren Buffett also sold billions of dollars in long-dated puts. Hope he will not become broke because of those almost "unlimited risk" investment.

When he thought the market had reached the bottom around last September, I deeply doubted his judgment. Sure enough, his firm's profit shed by 96% last quarter and right now he is telling people the market will be in shamles throughout 2009, 180 degree turnaround in his tone.