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    • Warren Buffett, Derivatives Speculator? [view article]
      I thought this was old news? He sold very long-dated (10+ years if I remember correctly) puts against four global indices sometime last year as a form of insurance for pension funds. I think history will show it was a prudent move on the funds' parts and a profitable one for Berkshire. Besides, if markets really drop between now and their expiry, it will be a good opportunity for him to invest his huge cash pile at better prices.

      Just as an aside, isn't it time the online WSJ lost its subscription policy?!
      Nov 06 09:05 AM
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