Here is Warren Buffett's $100 billion mistake - page 3
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I don't feel bad for him, if we are all being really honest here.
I feel bad .. that he did not lose more
I feel bad .. that he did not lose more
"Poor" man
:):):) "Poor" man
Don't worry about him : he will "make" it back in a week or two : selling the news 2 hours in advance instead a couple of minutes in advance
:):):) "Poor" man
He is at BE already : all it took was to turn the HFTs on at full speed for an hour or two
He is at BE already : all it took was to turn the HFTs on at full speed for an hour or two
Well, SP500 hit the historical high again today - if that is not rigged, nothing is
England is asking America why it isn't more worried about Warren Buffett's reinsurance business
Is Berkshire Hathaway not too big to fail?
According to a report from The Financial Times, the Bank of England has asked the US Treasury why Berkshire Hathaway's reinsurance operations were left off a list of "too big to fail" institutions.
Berkshire's reinsurance operations include Berkshire Hathaway Reinsurance and General Re.
Reinsurers provide insurance for insurance companies.
Berkshire also owns primary insurer GEICO, and in 2014 $41.3 billion of Berkshire's roughly $195 billion in revenue came from insurance premiums earned, and the FT notes that 27% of Berkshire's net earnings in 2014 came from underwriting and investment profits.
In his latest letter to shareholders, Berkshire CEO Warren Buffett wrote that the insurance industry, "has been the engine that has propelled our expansion since 1967."
The FT notes that the Financial Stability Board has named 9 primary insurers including, MetLife, Prudential, and AIG "systemically important financial institutions," or SIFIs, which potentially subjects these organizations to further regulation and capital requirements.
So far, no reinsurance companies have been added to this list.
Last week, General Electric announced it would spin off its financing arm and said it would seek to avoid being labeled a SIFI.
source
Well, honestly, that guy can go ahead and make a $100 billion dollar mistake... and pretty much not notice.
That's a kind of joke. He'll lose in thus way.
That's a kind of joke. He'll lose in thus way.
No joke to let a guy insiuder trade for 40 years and do nothing against it
And now he is going to have a president in his pocket. Hillary is his pet project
Lending Euros to Warren Buffett Can Hurt Your Financial Health
Investors who bought Berkshire Hathaway Inc.’s euro-denominated bonds in March are learning that the biggest beneficiary of the Sage of Omaha’s investing acumen is Warren Buffett.
Berkshire’s three deals maturing between eight and 20 years and totaling 3 billion euros ($3.3 billion) are all among the 40 worst-performing bonds issued in the single currency this year, data compiled by Bloomberg show. That gives the Omaha, Nebraska-based company Buffett chairs the largest number and greatest amount of underperformers in the ranking.
Borrowers from Berkshire to Zurich Insurance Group AG locked in long-term funding at near record-low interest rates in the first quarter as yields on German government bonds, the benchmark for corporate borrowing in euros, headed toward zero. While the receding threat of deflation and improvement in the euro-area economy have seen yields climb again, securities that were issued at the time have underperformed.
“Warren Buffett’s a clever chap; if Warren Buffett is selling, you probably should be too,” said Ben Bennett, a London-based credit strategist at Legal & General Investment Management, which has assets of about $760 billion. “Berkshire got their deal done at the absolute perfect time. It’s all in the timing.”
Berkshire, which is graded Aa2 by Moody’s Investors Service and an equivalent AA at Standard & Poor’s, is the highest-rated issuer among the 40 worst performers this year.
Buffett didn’t respond to a request for comment on the bonds sent to an assistant.
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