Warren Buffett's Berkshire Hathaway Inc. underestimated the risks of falling stock prices to its billions of dollars of derivatives bets, yet still believes it is valuing the contracts fairly.
Noooo, get out!
Berkshire revealed its error in a June 26 letter to the U.S. Securities and Exchange Commission, one of several pieces of correspondence with the regulator about the company's annual report, and made public on Thursday.
We tend to think that these options get overblown, and that the oracle deserves a bit of room on these issues. Seriously, the guy could slip a sexually suggestive comment into a cub scout dinner and no one would even notice. What could a few harmless options do? What more could you want from a finance guy?
Jeffrey Epstein, put your hand down!
Posted by guest , Aug 13, 2009 2:38PM
Thats a douchy piece of clipart, right there.
Posted by guest , Aug 13, 2009 2:39PM
Oh shucks you know we just ah you know these crazy options oh they're fine just you know, well we got them there now and they're fairly valued. How about a DQ Blizzard?
Posted by Equity Private , Aug 13, 2009 2:39PM
Only the best for our readers.
Posted by guest , Aug 13, 2009 2:44PM
Would someone please post an intelligent comment? These comments are as mature as the behaviour of my children
Posted by guest , Aug 13, 2009 2:45PM
We still love you EP.
Posted by guest , Aug 13, 2009 2:46PM
i just poopied in my jorts
Posted by guest , Aug 13, 2009 2:47PM
@4 - I can appreciate your need for entertainmaint, I think we can all empathize with that sentiment. Thanks for sharing.
Posted by guest , Aug 13, 2009 2:49PM
All-You-Can-Eat makin' it rain up in this mofo!
Posted by guest , Aug 13, 2009 2:50PM
Love the Tag! Way to go...
Posted by Investorcluzo , Aug 13, 2009 2:51PM
bunch of lemmings following buffett. time to face the facts, he's lost a little bit of his edge. I'm not going to take anything away from the guy's track record, he's got a long storied career. but I'm still scratching my head on wells and the fact that he let them BUY watchovaya. at least jd got a gov't subsidy.
Posted by guest , Aug 13, 2009 2:52PM
@4 - how is this?
In the formula, c2 is the conversion factor required to convert from units of mass to units of energy. The formula does not depend on a specific system of units. Using the International System of Units, joules are used to measure energy, kilograms for mass, meters per second for speed. Note that 1 joule equals 1 kg·m2/s2. In unit-specific terms, E (in joules) = m (in kilograms) multiplied by (299,792,458 m/s)2.
Posted by highlyconfident , Aug 13, 2009 2:55PM
This could all be yours Becky... all you have to do is touch it.
Posted by guest , Aug 13, 2009 2:59PM
Who are you and what have you done with Bess?
Posted by guest , Aug 13, 2009 3:04PM
Unfortunately, I immediately read 'Berkshire Hathaway' and think 'Anne Hathaway', at which point I lose concentration...
Posted by guest , Aug 13, 2009 3:09PM
What's the point of this blogger?
Posted by Anal_yst , Aug 13, 2009 4:16PM
@14
What'd ya think of her cover on NY Mag? Talk about a mouth made for one thing...