I have to disagree with him on the trade deficit. It defies logic, but we're always at our best when we have a trade deficit. Perhaps that's why Warren lost a couple of hundred million in the currency market?
You'll get a chance to do something extremely intelligent with your money in the next few years.
A promissory warning from a master.
Huh? Because of hedge funds? when the SAG 500 crashed? What is he talking about? these guys are just plain weird and full of themselves.
Buffett lost $2.3 billion in the past 10 trading days as the euro fell from 1.3100 to 1.2600. the next chart support is below 1.2500. Parity is likely within 18 months. The EC economy is horrible, and our trade and budget deficits are actually falling the last 2 months. Anyone who listens to Buffett is an idiot.