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?
The dollar is on the upswing... It won't be long before Buffet bails.
He lost?
Maybe that's what he says just so we would feel sorry for him. I say you cannot trust people with big money! It's interesting to hear what they have to say, but I wouldn't draw conclusions based on their views.
I'm sure you have some basis for this statement. Please fill me in.
Actually, Berkshire reported a loss of $2.1 billion on his dollar short gamble. Our estimates show he lost an additional $2.3 billion in the past 2 weeks alone.
Before he lost he made 1.5 Billion.