Buffett "sorry" for his $1.8bn winning bet against the dollar

[xray s]

He hates having to cash in on Bush's economic failures. But a man's gotta' do what a man's gotta do.

http://news.independent.co.uk/business/news/story.jsp?story=617584

Buffett sorry for his $1.6bn winning bet against dollar
By Katherine Griffiths in New York
07 March 2005


Warren Buffett, the US investment guru, warned that the dollar was set for a fresh slump as he revealed that Berkshire Hathaway, the company he chairs, made $1.6bn (£830m) after predicting its drop in the final four months of last year.

In his highly popular annual letter to shareholders, America's second-richest man expressed regret that his bet against the dollar had been so profitable, and urged the US administration to take action to deal with its widening trade gap and budget deficit.

Mr Buffett, 74, one of America's most successful businessmen for the past half century, said: "In no way does our thinking about currencies rest on doubts about America."

But the so-called Sage of Omaha, whose company is based in the Nebraskan city, added that policymakers' hopes for a soft landing were wide of the mark. "The evidence grows that our trade policies will put unremitting pressure on the dollar for many years to come," he said...

[Catch22Dem]

1. I dig Warren Buffett...he donates lots of that loot to blue causes. (n/t)

[blm]

2. Please buy news media outlets. Mr. Buffett, you are an honest businessman

and an honest citizen. You never cheat in order to get ahead, and always tell people exactly the way it is no matter what.

This country needs an HONEST media owner whose word could be trusted and whose only agenda is that the American people are informed with the facts and the truth about EVERYTHING that matters to their real lives.

[autorank]

3. Yo Warren, appologize for supporting Arnold.

and Warren, remember when he humiliated you by telling you to give him 50 push-ups. How much money does it take to get someone to stand up to a vile pig?

[madrchsod]

4. i`m still pissed cause i was into

european currency with my 401 then i got laided off and had to cash out-i was in at 80 cents- that really sucks.

[applegrove]

5. Sorry BANG! oh sorry BAM! sorry ... KABOOM! sorry n/t