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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Carol Loomis Talks About the Life of Warren Buffett

December 25, 2012 | About:

Author of the book,Tap Dancing to Work, Carol Loomis, offers her views about the life and times of her friend Warren Buffett.

Credit and Source: www.thestreet.com

Here is the video:







About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.5/5 (8 votes)

Comments

AlbertaSunwapta
AlbertaSunwapta - 3 years ago
What a pity. It seems that along with many other commentators who call Buffett a hypocrite, even Carol Loomis failed to actually read Buffett's article and missed his whole point why Buffett considered derivatives being potential weapons of mass destruction.

Please Read - the whole article!

http://www.tilsonfunds.com/BuffettWorries.pdf

"Many people argue that derivatives reduce systemic problems, in that participants who can’t bear certain risks are able to transfer them to stronger hands. These people believe that derivatives act to stabilize the economy, facilitate trade, and eliminate bumps for individual participants. And, on a micro level, what they say is often true. Indeed, at Berkshire, I sometimes engage in large-scale derivatives transactions in order to facilitate certain investment strategies.

Charlie and I believe, however, that the macro picture is dangerous and getting more so..."

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