Posted on 08/07/2011 7:56:25 AM PDT by jimbo123
there's a word for this.
Oh.
I’ve heard “Tea Party Economic Terrorists!!!” at least 7 times this morning.
They KNOW a bloodbath is coming when the Asian Markets open at 7PM Eastern, and they are trying to make this talking point the CURRENT TRUTH.
Besides owning Moody’s, Buffet is far more than an objective bystander. He stands to lose billions in the stock market and increased lending costs. Of course he is going to be bullish on America. He has a dog in this fight.
I wonder how much he’s got personally invested in the “full faith and credit of the United States”.
I can’t tell you as someone who trades the markets how much I despise Buffet. I hate Soros too but at least I can respect him as someone who knows economics and market mechanics and has actually taken real risk in his positions.
Buffet got rich on buy, hold and reinvest based on P/E ratios and thinks he is some kind of genius. In reality he got in after the ‘74 crash and just happened to be positioned perfectly for one of the biggest bull market waves (or bubbles, depending on your perspective) in history.
Any buy and holder would be stupendously wealthy right now. Let’s see how he does if the market completely tanks because of the economic pain that is coming to our economy.
so the moody’s downgrade thing over the last week or so was just another bunch of lies,just scare the GOP ?
“The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter.”
There is absolutely nothing stopping Buffett from writing a big check to the U.S. Treasury. To complain that he dosen’t pay enough, and then not make any effort to ‘rectify’ it, is sheer hypocracy. In that regard, he is like any other Dem.
As Moore pointed out: "Does S&P really believe that the U.S. is a bigger default risk than France or Great Britain?!"
Like him or not, the truth is that Buffett was not just a lucky investor. His mentor, Benjamin Graham, is widely recognized as one of the most astute investors of the 20th Century.
Agreed. The thing that ticks me off about Buffett is that he’s made his money but he doesn’t want the rest of us to make ours. I pay zero attention to what he says.
Yes I’ve read Graham & Dodd and it is a foundational piece of work. If you apply with with a little Dow theory you can become decently wealthy over your lifespan. Buffet isn’t stupid, and part of his success is the application of Graham’s work.
Buffet however refuses to acknowledge that a good measure of his success is due to that he simply got in at a good time, right before an institutional bull market. Had he been around in the 20’s through the ‘70’s with all it’s ups and downs, I doubt he would be the force he his today.
I doubt he manages his own money much anymore, but I’d love to see how good he’d do in the market since the ‘07 peak when the market actually became a real traders market. My gut says not so well.
Sweep away the smoke and mirrors, we live in a country where most of our citizens are dependent, one way or another, on a government which is dependent on a communist country.
We are no longer a republic, we are a state.
Didn't he also invest in Wells Fargo before TARP. Warren isn't stupid, mere taxpaying mortals may not understand his support of the kenyan Marxist, but if your business is buying up businesses on the cheap, it makes perfect sense.
“The S&P Downgrade doesn’t make sense,” says the 0bama sockpuppet, Warren Buffett
Buffet is just suffering from ‘Soros-envy’.
Not so much as that. We are a fiefdom.
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