Saturday, November 14, 2009

The Oracle is no fool and he tipped his hand

Warren Buffet, who called derivatives the “‘financial weapons of mass destruction’” and turned around and made money on these weapons, turned around again and bet the pot on a railroad, a corporation that owns assets and real estate, settling in for the long haul.

Maybe the Oracle is a little leery of the worthless paper floating around Wall Street these days?

But, then who am I, to read something into this?

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