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Links 1 through 10 of 19 by Ramit Sethi tagged warren-buffett

Warren Buffett on pensions letter - from 1970s

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Starting on page 17, Buffet discusses the failures of Freddie and Fannie and their oversight committee, the OFHEO. It's a fascinating read.

This particular caption is my favorite on derivatives:

"Improved “transparency” – a favorite remedy of politicians, commentators and financial regulators for averting future train wrecks – won’t cure the problems that derivatives pose. I know of no reporting mechanism that would come close to describing and measuring the risks in a huge and complex portfolio of derivatives. Auditors can’t audit these contracts, and regulators can’t regulate them. When I read the pages of “disclosure” in 10-Ks of companies that are entangled with these instruments, all I end up knowing is that I don’t know what is going on in their portfolios (and then I reach for some aspirin)."

I also find it hilarious that he ends by trying to sell his shareholders auto insurance at their annual meeting next month:

"GEICO will have a booth staffed by a number of its top couns

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Why Warren Buffett gets special deals + how it's impossible to determine his actual return % of investing alone. Very interesting.

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I leave a comment on Reddit and a some readers talk about iwillteachyoutoberich. Cool.

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Many stupid comments about Warren Buffett's op-ed about why he's buying stocks. Amusing.

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Warren Buffett does a LongBet that hedge funds will underperform S&P 500

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