Had a few losing trades ? Dont be too hard on yourself, even the big guys get it wrong.
Dont stress Warren, you understand how to make it back.
Had a few losing trades ? Dont be too hard on yourself, even the big guys get it wrong.
Dont stress Warren, you understand how to make it back.
man I Really like That scene. AMC only had that movie running a couple weeks ago, I ended up watching it 3 more times...Originally Posted by ;
Didn't Buffet Brief the Dollar in 2001? If that's the case, he made plenty of money he would seem to be winding down his standing and taking the profit.
Hey boycie, you never did say where you have the 900mil figure from. can you post the link?Originally Posted by ;
1 Attachment(s)If I'm not mistaken the transaction Buffet entered was long EUR/USD in 2001 entering somewhere in the high 80's low 90's. I'm just doing this from memory so I don't recall the entry price but I understand it had been in that region and might have been as high as the breakout but as much as I know he deals fundamentals. Nonetheless the breach of an important level will receive the eye of a fundamental trader. If so it might well be that he exited the trade in the recent breach of major aid. If he has made an profit though possibly had a 900 million reduction from his equity . The 2001 trade is well-known although I'd not heard of Buffet shorting the USD recently.Originally Posted by ;
FT
Okay I just said the EUR/USD commerce in my last article but beginning in late 2001 or (or 2000 as the clip under suggests) Buffet purchased a basket of six currencies, the most well-known of them was the euro place, contrary to the dollar. The postion appears to have been completely in place since 2002.
So basically it was the commerce put in 2002 which had made almost 3 billion profit but'd fallen closer to 2 billion profit this year and the position was reduced by 5 billion. Perhaps due to insurance losses and the necessity to free up capital to cover them.Originally Posted by ;
FT
MERLIN,
I heard that fig on Bloomberg.
Dont take the messagener.... Bang bang...
2001? I believed buffet and gates set their rankings on in early 2004, once the EURUSD was around 1.3000.
What warren is performing nobody understands - its guesses and much more guesses - but I am sure he left 2 billion if he lost one somewhere - I do not know whether he lost or won and nobody knows for certain but onething I know is that - large players constantly hedge their positions.