Wednesday, November 19, 2008

About Warren Buffet


Warren Buffet does not run charity organizations, therefore he would not reveal his core investments intentionally. The buying action with Berkshire Hathaway, all talked about throughout financial media, were meant to bring in some optimism amongst public investors.

It is possible that the US government had influenced his purchases. No seasoned trader/investor would make upside bets with this economy except for very good reasons. The repercussions have begun to surface, CDS (Credit Default Swap) values insuring the $40B BRK credit risk has increased to the point of implying just above junk status rating.

Source: Bloomberg media

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