Berkshire’s equity derivatives were sold to undisclosed buyers for $4.85 billion as of Sept. 30.
The derivatives are tied to four indexes -- the S&P, the U.K.’s FTSE 100 Index, the Dow Jones Euro Stoxx 50 Index and Japan’s Nikkei 225 Stock Average.
The indexes would all have to fall to zero for Berkshire to be liable for the entire amount at risk, which was $37.1 billion as of Dec. 31 and can fluctuate with currency valuations.
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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
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10 comments:
Capitulation is in the air.
Dow 5500 next week.
If you're not inside, you're outside.
Restoring the old uptick rule per Keith's advice will make all the banks solvent and save the day.
Oops, CNBC let this one slip out:
www.youtube.com/watch?v=nw1RFe-mXSk
Can you believe it? Right there, in your face...bam!
Awesome Max Keiser episode! He's really philisophical in this one!
http://www.karmabanqueradio.com/podcast/tam280209.mp3
Buffett famously called derivatives "Financial weapons of mass destruction". Maybe the "Sage" should've taken his own advice...
S&P 450 in March, then 1700 by Christmas.
you need to read his annual letter, this is a very complex trade, if stocks go down over a very long period of time he looses. anyhow its not a bet you and i can do, hardly a hedge fund can do it either
"S&P 450 in March, then 1700 by Christmas."
Is that extra zero a typo or are you completely high?
He's a wonderful writer.
I feel like a mosquito in a nudist colony reading his quips; like Enzyte Bob at low tide.
"S&P 450 in March, then 1700 by Christmas."
What kind of drugs are you taking?
Wow. The youtube video that was posted here, is no longer available.
They yanked it FAST.
Can someone please tell us what it was all about?
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