Buffett unwinds his $21B bet against the dollar

[Spartacus]

Re: Buffett unwinds his $21B bet against the dollar

exactly. he hates gold, for example, and has said very amusing things about it. he likes companies because they build value. i can respect that.

technically, he likes companies that produce a revenue stream. This may grow or not - as far as we can tell is, promises of Growth do not seem to interest him as much as a steady revenue stream.

Niederhofer and his groupies talk about how he had a choice to buy a candy company which was very, very well known as a non-growth proposition when it was on sale, versus Starbucks and Buffett much, much preferred See's.

[c1ue]

Re: Buffett unwinds his $21B bet against the dollar

Spartacus,

It is not clear what Sir Warren sold at: the price of silver is known, but it is equally possible he was sold options on it and was exercised out of his stake.

Sir Warren definitely does do large derivative positions...