Buffett: We’ll stay right there

nova

    “I don’t get it,” Buffett told FBN late Friday night. In fact, Buffett reaffirmed his belief in the quality of the United States’ credit telling FBN, “In Omaha, the U.S. is still triple A. In fact, if there were a quadruple-A rating, I’d give the U.S. that.”

    … "We just filed our 10Q and we have $47 billion in cash and cash equivalents. Well over $40 billion of it is in short end T-bills. (Tonight’s S&P downgrade) doesn’t tempt me to sell. We’ll stay right there.”

    … "Think about it. The U.S., to my knowledge owes no money in currency other than the U.S. dollar, which it can print at will. Now if you’re talking about inflation, that’s a different question.”

Buffett…pragmatic as always.  Unfortunately, these ratings agencies wield a big stick.  While downgrades could lead to forced selling and a potential short-term overreaction, I think Buffett has the exact right perspective.  This downgrade is 100% meaningless and any panic that could ensue would be a buying opportunity….

面瓜

他想充当救世主

mlif

I remember he sold lots of put, perhaps a bit before the low point at 2009. No wonder he says so.

colderdown

我问候老八他母亲，丫的GS最近如何？

水明善

这个人，不简单，08年10月喊买美国股票，结果09年3月大跌。
现在他挺美债，是不是又是提前了。
如果成立，5个月后，有一波更惨的大跌。
就叫150天定律。巴菲特喊多150天左右，再来一波，然后向上。
他毕竟不做波段，不能苛求。