Charlie Rose - Warren Buffett
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@wheezer6au Well, to be accurate, its net effect was a major loss. Obviously, in the event of a massive downward slump in the market, individuals/firms with heavy short positions will prosper. There were far more people who lost money though. And it's important to remember that less than 10% of people earn any money from day trading in the long run, let alone enough to making a living.Trading is a zero-sum game. Disclaimer: I'm just throwing facts and not condemning anything at all
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anyone knows where i can get the whole video footage?
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@BNEHKG9 Any other ways e.g. options on real estate (does that even make sense lol). Why would CDS on mortgage backed securities make you billions like Paulson etc.
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@qwertypluss Credit Default Swaps on Mortgage Backed Securities...
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How does one "bet against the real estate market" I don't understand this
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@hongster76 That is absurd; do you think billionaires are billionaires because they sit on it so no one else can have it? It is constantly being reinvested and like all wealth, stimulating the economy.
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@wheezer6au yea if you did see it coming your most likely dead! xD
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@stevo420king u obviously dont either.
buffett is now just a mere mouth piece of the feds n us treasury, since he bailed out the banks with his own money, they now share similar interests
Many saw the October 08 "tsunami" coming. The "crash" was a mere correction. The bubble burst with an intensity relative to the size it had inflated over 80s, late 90s and 0s. Stop investing and start trading. More people became millionaires October 10 2008 than any day in history. The Media mongers fear, and says money was "lost". In reality it was *transferred* to people who approach the market flexibly and know how to profit when price value is falling. Media is paid to talk, not be correct.
wheezer6au 1 year ago 9
Explain to me how he is destroying the planet???
Ttmxj 1 year ago 5