buffett zero to hundred pc in shares, page-33

buffett only invests in businesses he understands

he knows the finance system back to front

Bershire Hathaway is an insurence company

he has been involved in re insurance for years

he know all about the trillions in credit default swaps

he as even said famously that deriatives are "weapons of mass fincancial" destruction

if he says he is converting all his bonds to equities in this financial crisis

you can be sure he knows what he is doing

things are probably not as bad as people think