Buffett Says 'Bet Heavily' Against Double Recession

[Quixote1818]

Please note that this is three weeks old but it's still interesting to listen to:

http://www.bloomberg.com/video/72153912/

[Lil Missy]

1. I'd trust Warren Buffet over many experts. n/t

[girl gone mad]

2. Never take investment cues from billionaires.

They can afford to ride out bad times and bad decisions a lot longer than you can.

Buffet was a major beneficiary of the bailouts.

[MedicalAdmin]

3. He also love him a fire sale.

And assets are cheap and getting cheaper and he'll be picking them up dirt cheap for the next 10 years while lots o' folks suffer.

He's a fucking billionaire. It's timesike these him and his ilk LIVE for. It's raining soup and he's got one of the few buckets in town.

[KurtNYC]

4. If the stock market was a poker game, would you take advice from the other players?

They say "buy the rumor, sell the fact" and double dip is looking like a fact.

[mmonk]

5. From a stock market point of view maybe.

[NightWatcher]

6. Plus if enough if us "bet heavy" his stock would go up

And he'd rake in a few more million

[GeorgeGist]

7. Phuck Buffett ... eom

[renate]

9. just curious, but why?

He's a good guy who's repeatedly pointed out how the rich don't pay their fair share in taxes.

[amborin]

8. he was slow to recognize and dismiss an insider trader