Posted on 04/18/2010 8:47:29 AM PDT by Flavius
Warren Buffett lost $950 million in Goldman Sachs (GSI) options today as the bank's stock tanked as a result of the SEC filing fraud charges against the firm, according to Bloomberg.
Read more: http://www.businessinsider.com/buffet-goldman-sachs-2010-4#ixzz0lNQec7sj
(Excerpt) Read more at businessinsider.com ...
Forget Vegas. The real gamblers are on Wall Street. Or is that Omaha?
well * censored *
Interesting note, I read an article in Fortune last year that Soros and the Rothschilds have been going nuts buying up farmland all over the world, I assume in anticipaion of hyperinflation. There are now farmland funds that just buy up farms, and rent or sharecrop them out.
Welcome to the new feudalism.
I know that probably means little to the man with Billions..and knows how to earn more...But OUCH! I would be upset to lose $950
Chances are that Buffet had some protective puts in place.
Now why didn’t he just GIVE that money to me . . . I could have stimulated a lot of businesses and helped a lot of out of work people.
I don’t feel sorry for any of them. But I do pray that Soros loses ALL his money and becomes “cardboard hut poor” in the near future.
Don't worry, he'll be "engraved mahogany box" poor before long.
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