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WARREN BUFFET also plays DERIVATIVES

Mr Buffet said once that DERIVATIVES were massive destruction weapons.
He appointed again, that DERIVATIVES were the main cause of current financial collapse.

Mr Buffet said once he believed in the LONG TERM investments, in the Fair value of the assets, in the intrinsic business management…

Mr Buffet is said to have been investing heavily in DERIVATIVES, selling them in the short term, and without considering whether he invested in APPLES or in PEARS…

So, Mr BUFFET …. Welcome to the club !!!
Bye, bye to your credibility… to your independence… to your fundamentals…

Maybe it is caused by the age. Once you get elder, you have less time to win, and if you are losing considerably, the best and fastest way to recover is the same you criticised many times.

Bye, bye, … Mr Buffet….

Now, I feel bad … not because of you, but because of the money I spent buying your books, and the time spent reading them…

I will buy now the BERNARD MADOFF´s new one, relating his memories. At least, this will not be full with more lies or dressed truths…

In some cases, TRUTH stays where the LIES are known.

Mr BUFFET, this is not a good ending session for your incredible investments record. But, people do not know that your father was politician, that he was already a trader… and at that time, with a father politician and trader,… everything is easier….

I prefer Mr Soros history, or even Bernard Madoff´s one… where reality is more visible.

BM is a villain of Wall Street because of a question of timing… because he was a hero for many years, and nobody noticed… better said, nobody asked…

Jose Luis Revilla Escudero
Chairman & CEO
WWShares, Inc
-Global Wealth management-
http://www.worldwideshares.blogspot.com