Hmmm... if I were Warren I would be worried also ... the numbers these guys deal with daily as a 'matter of fact' are mind-boggling.
I was felt disappointed that LTCM was able to 'trade' itself out of trouble (albeit with some assistance from the Fed) instead of being 'bailed-out' and basically shut down.
I have since felt the resulting 'stink' has tarnished derivatives which of course means the work done by Black/Scholes/Merton and Co. is still considered suspect ... even today.
When we hear cases such as Enron whose application of derivatives was rogue in nature it just seems to confirm this belief.
Cheers ...
This is only my view ... read the red stuff.
- Forums
- ASX - General
- buffett - the sage speaks!
buffett - the sage speaks!, page-3
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online