Oops !!!
1 posted on
03/14/2006 1:48:55 PM PST by
LM_Guy
To: LM_Guy
In the long run (and we don't know how long that is), Buffet is right.
2 posted on
03/14/2006 1:52:01 PM PST by
Pessimist
To: LM_Guy
yeeouch!!
That's gotta hurt bigtime!!
But then Buffett is playing politics to f' Bush and crash the US Economy and the US Dollar.
So I'd say he should have lost $2 Billion instead; that'd teach him a lesson or two!
3 posted on
03/14/2006 1:52:03 PM PST by
prophetic
To: LM_Guy
I'll bet this has something to do with the Wil Ferrel thing going around.
4 posted on
03/14/2006 1:52:18 PM PST by
InvisibleChurch
(But even if he does not...)
To: LM_Guy
I agree with his concern that we are moving from an ownership society to a sharecropper society.
5 posted on
03/14/2006 1:52:30 PM PST by
generally
(Ask me about FReepers Folding@Home)
To: LM_Guy
Warren,
Ya Gotta Learn how to Zig when everybody Zags.
6 posted on
03/14/2006 1:52:41 PM PST by
spanalot
To: LM_Guy
FReepers knew this was a Losing Bet
7 posted on
03/14/2006 1:53:41 PM PST by
cmsgop
( I love Scotch. Scotchy, scotch, scotch)
To: LM_Guy
The problem was that Buffet is just too good a man to effectively make money this way.
Soros made a fortune, not just by betting against the dollar, but by using his immense wealth to manipulate the markets against the dollar and create a self-fulfilling prophesy that made him another fortune.
Buffet would never do such a thing, so he got burned.
8 posted on
03/14/2006 1:54:21 PM PST by
vetsvette
(Bring Him Back)
To: LM_Guy
Ya know it's the darnedest thing!
What a brain fart!
Well I'll do better this year!
10 posted on
03/14/2006 1:55:50 PM PST by
Mikey_1962
(I grew up in a slum, when I got to college it had become a "ghetto".)
To: LM_Guy
Wonder how much George Soros lost?
We know he lost around 300 million getting zero of his Democratic Candidates elected in 2004 and loves to bet against the US dollar (and the US in general).
14 posted on
03/14/2006 1:59:43 PM PST by
msnimje
(SAMMY for SANDY --- THAT IS WHAT I CALL A GOOD TRADE!!!)
To: LM_Guy
"My views on America’s long-term problem in respect to trade imbalances, which I have laid out in previous reports, remain unchanged. My conviction, however, cost Berkshire $955 million pre-tax in 2005. ..."
Pre-tax, huh? Which means, that after write offs, capital losses, and so forth... he'll end up making a 100 million or so off the government probably.
17 posted on
03/14/2006 2:18:14 PM PST by
ketelone
To: LM_Guy
He and his fund have become so big that his announcements can push the markets to assure his profit. His continued success is not exactly a great accomplishment.
24 posted on
03/14/2006 3:06:32 PM PST by
Uriah_lost
(http://www.wingercomics.com/d/20051205.html)
To: LM_Guy
That was a lot of investor money Buffett invested into the Democrat Party/Kerry campaign. I remember when he announced that he was betting against our currency and I thought to myself, "investors better bail out fast." Anything liberals touch loses profit. Once Buffett became a liberal politician rather than an investor, it was inevitable the loses would follow.
34 posted on
03/15/2006 6:58:18 AM PST by
Galveston Grl
(Getting angry and abandoning power to the Democrats is not a choice.)
To: LM_Guy
I saw the name Buffett and immediately thought it was Jimmy Buffett.
47 posted on
03/15/2006 12:08:48 PM PST by
wintertime
(Good ideas win! Why? Because people are not stupid.)
To: LM_Guy
Bottom line. Buffett was dead wrong and lost his share holders a billion dollars.
51 posted on
03/15/2006 12:40:05 PM PST by
kempo
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