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The fact that Warren is on the hook for several billion dollars of S&P puts is mentioned nowhere in the article. When O When are reporters going to understand
by jpdoctor 15y ago
The fact that Warren is on the hook for several billion dollars of S&P puts is mentioned nowhere in the article.
When O When are reporters going to understand conflict-of-interest?
- hodder 15y agoDo you honestly believe that Warren is trying to deceive you into investing in productive assets rather than a shiny metal because he wants to manipulate the market?
- jpdoctor 15y agoDo you honestly believe he is not talking his book?
- reedlaw 15y agoI believe that his speculation argument against gold holds for the stock market as well. Investors create feedback loops when they buy stocks that then creates even more demand. Buffet believes in the S&P and so he will naturally encourage others to do so.
- kyrsey 15y agoThe value of anything can be propped up by speculation, what varies is the value which can be maintained without speculation (e.g., in cases where the bubble bursts). I think this is the use of discriminating among (A) resources reasonably expected to decline in value, (B) resources expected to 'hold value' modulo speculation, (C) resources expected to have ongoing returns with or without speculation.
- shahan 15y agoIt's Warren Buffett, man. Perhaps he invests (long-term) in stocks because he believes what he writes, rather than writes what he does because he just happens to be invested in stocks. You really think there should be a disclaimer here?
- zotz 15y ago"I’m shocked, shocked to find that gambling is going on in here."