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w1omega  Whan Lee

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  • w1omega commented on Grahamites's article 07-21 13:57
    The Other Side of the Big Short
    There have been a lot of discussions since the book “The Big Short” was published and the subsequent production of the eponymous movie. I...
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    w1omega 07-21 14:57
    • My guess is that Paulson is a one time wonder whereas Burry isn't, as evidenced by his track record prior to the big short.  Maybe an article idea, huh Grahamites?  Alway....ALWAYS appreciate your articles.   
  • w1omega commented on Grahamites's article 07-21 13:51
    The Other Side of the Big Short
    There have been a lot of discussions since the book “The Big Short” was published and the subsequent production of the eponymous movie. I...
    View all 4 comments
    w1omega 07-21 14:51
    • Munger talks about former casino owners (Trump) being disqualified to be president.  Berkshire shuns tobacco companies.  Munger and Buffett both say fiance has created a casino culture with derivatives.      What if they could have made money by being long on Valeant - by gouging consumers?  What if they could have made money like Martin Shkrelli?  I wonder if we would respect them as much for being rich.



      Personally, I respect Michael Burry and Paulson, but not people related to Valeant and Shkrelli.  So I guess my line in the sand is there, but I'm young, unknown, and hungry.  Burry and Paulson took a lot of flak for making money that way.  I don't think Munger and Buffett need to worry about making money.  They both have made tons of money from their excellent reputations and will continue to do so even after they die.



      I''m curious though.  I remember Buffett testifying or giving interview that perhaps he should have looked more into this real estate bubble when he had an inkling. That may have given him some point of view on banks.  If Li Lu gave this info to Munger, then Munger had more than an inkling, but somehow Munger/Buffett duo missed what was to come.  Still can't fault them since they made so much money from their investments in the crash and financial companies, including WFC.



      Berkshire always wins.  Even when they lose temporarily, they win later.  
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