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Warren Buffett Loses $1.2 Billion Shorting Put Derivatives (betting AGAINST a decline in stocks)
This Link is located in the Public Channel Housing Bubble and Bear Links.
 Posted by ian 199 days ago (www.nytimes.com).  Views: 426
Tags: warren buffet  wall street
Related Tags: finance  economics  business  video  forbes  housing bubble  stocks  apple  
DERIVATIVES LOSSES

Berkshire said it had a $1.2 billion pre-tax unrealized loss on put options it wrote on the Standard & Poor's 500 <.SPX> and three foreign stock indexes.

It also reported a $490 million pre-tax unrealized loss on contracts that require payouts if some high-yield bonds default between now and 2013.

In February, Buffett revealed that Berkshire ended 2007 with $40 billion of exposure to 94 of these kinds of contracts. Accounting rules require the company to regularly report unrealized gains and losses in earnings, Berkshire said.

The exposure may at first seem odd given that, in his shareholder letter in 2003, Buffett called derivatives "financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

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ian said
199 days ago
 
Warren Buffett: "Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal" (2002)

http://www.myprops.org/content/Warren-Buffett-On-Derivatives-derivativ...
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Housing Bubble and Bear Links (1,226 Links)
Created by ian 1 year 225 days ago.  Views: 5,297
Tags: housing bubble  investing  real estate  subprime  mortgage  finance  economics
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This channel was created on April 10, 2007 to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the best in finance related links. I read [More...]
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Housing decline is 1/3 complete and will not bottom until 2012 or later
This Link is located in the Public Channel Housing Bubble and Bear Links.
 Posted by ian 129 days ago (www.harpers.org).  Views: 1,354
Tags: housing bubble  economics
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Cramer, you're wrong. Housing will not bottom until 2012 or later. So far you have called 3 bottoms in the stock market (one after the Fed cut rates by 125 bp in 8 days, one after the Bear Stearns bailout, and now one after the Housing Bill / SEC naked [More...]
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Trader Made Billions on Subprime
This Link is located in the Public Channel Housing Bubble and Bear Links.
 Posted by ian 280 days ago (online.wsj.com).  Views: 632
Tags: housing bubble
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On Wall Street, the losers in the collapse of the housing market are legion. The biggest winner looks to be John Paulson, a little-known hedge fund manager who smelled trouble two years ago. Funds he runs were up $15 billion in 2007 on a spectacularly [More...]
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James Grant talks about "shame and scandal" of financiers (video)
This Link is located in the Public Channel Housing Bubble and Bear Links.
 Posted by ian 2 days ago (financialtimes.a.mms.mavenapps.net).  Views: 5
Tags: housing bubble  investing  real estate  subprime  mortgage  finance  economics
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The publisher of Grant's Interest Rate Observer expects a popular uprising against Wall Street
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Betting On Buffett
This Link is located in the Public Channel Forbes Magazine - Most Popular Stories.
 Posted by MyPropsMonkey 8 days ago (www.forbes.com).  Views: 2
Tags: forbes  wall street
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History shows that parroting the stock picks of Warren Buffett can be a profitable strategy.
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Warren Buffett's investment firm Berkshire Hathaway reports huge losses
This Link is located in the Public Channel reddit business.
 Posted by MyPropsMonkey 12 days ago (reddit.com).  Views: 6
Tags: business  economics  finance  wall street
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Warren Buffett: I should be paying more in federal taxes
This Link is located in the Public Channel reddit business.
 Posted by MyPropsMonkey 23 days ago (reddit.com).  Views: 9
Tags: business  economics  finance  wall street
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The Bet That Blew Up Wall Street
This Link is located in the Public Channel reddit business.
 Posted by MyPropsMonkey 24 days ago (reddit.com).  Views: 9
Tags: business  economics  finance  wall street
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