When all doom and gloom seems to dominate - Aussie Stock Forums

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  1. #1

    Default When all doom and gloom seems to dominate

    Uncle Warren Steps in


    like what he did with American Express a few decades ago :-)
    "cash - a call option with no expiration date, an option on every asset class, with no strike price. Warren Buffett

  2. #2

    Join Date
    Jun 2006
    Balmoral Slopes

    Default Re: when all doom and gloom seem to dominate

    ... except the entire financial system wasnt collapsing last time.

    Given Berkshire Hathawys huge holdings this would be his token rescue package .. $10b to produce some good sentiment and not lose another 50b or whatever.

    Alternatively, who knows what sort of info BH has on how the govt rescue package will enhance GS value short term?

    And GS are a new operation now ... they have gone from investment bank to mainstream bank.

    So Im not seeing anythign positive about the wider problem in this.

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