Skip to comments.Buffett's 2010 Letter To Shareholders
Posted on 02/26/2011 9:31:11 AM PST by FromLori
For those who care what the man whose corporate existence is intimately tied to the government's bailout of the financial system, has to say, below we present Buffett's 2010 letter to shareholders.
The only section that is relevant to us, and which continues to demonstrate why Berkshire is a walking moral hazard (contrary to his conedmnation of financial weapons of mass destruction), is the disclosure on derivatives.
(Excerpt) Read more at zerohedge.com ...
I see Buffet in the class as a union leader.
I see Buffett in the same class as a union leader.
“[conedmnation] of financial weapons of mass destruction”
We know why they worry about us clinging to our bibles and guns when they are the ones setting off the nukes that will destroy the country.
It’s never a bet when you control the odds.
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