Message:

<p>[QUOTE=&quot;desertgem, post: 1252812, member: 15199&quot;]<a href="http://www.berkshirehathaway.com/qtrly/links2ndqtr11.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.berkshirehathaway.com/qtrly/links2ndqtr11.html" rel="nofollow">http://www.berkshirehathaway.com/qtrly/links2ndqtr11.html</a> </p><p><br /></p><p>If you read the Berkshire last SEC report, you will see that your accusation does not hold. He bought Billions of Goldman Sachs&nbsp; and GE. He still owns the GE portion, and the GS portion that wasn&#039;t called back by GS, which gained him 5.5 Billion. He didn&#039;t do&nbsp; it, they did, as it was worth more to them then to let him keep it. He still owns a lot of GS. These deals were in 2008 when the market was in more dire straits. Some times he is in the negative, but his advantage is that he has the best corp of Financial forensic experts, who probably knows more about BAC than BAC knows themselves. This does not mean they can tell what will happen tomorrow , but what should in the future. So he isn&#039;t making any really risky investment, instead he is making a well backed, well researched investment. He may have decided as the story goes &quot; to make the investment yesterday in his bathtub &quot;, but it was being in the &quot;possible action&quot; files for a while I am sure.</p><p><br /></p><p>As to making an profit off of the backs of those, who also buy in, the reason many are, is that they know of Buffet&#039;s reputation and already today they have made over 8% on his back. If we get a good Bernarke speech, they could gain another 8+% by Monday.</p><p><br /></p><p>I see the same things from PM proponents all the time also, and laugh at the end of the US or world as we know it propositions. One has to research the subject beyond the various blogs. IMO.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in