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A comment on Goldman Sachs Has First Perfect Quarter With Zero Trading Loss . Parent comment

Re:Goldman Sachs Has First Perfect Quarter With Zero Trading... by codexon on Monday May 10, 2010 @02:46PM (#1335537)
Reasonable and more knowledgeable people may disagree, and many do (eg, Warren Buffet).

You do know that Buffet has a $5 billion investment with Goldman Sachs? Of course he would defend them.

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Re:Goldman Sachs Has First Perfect Quarter With Zero Trading... by cwp on Monday May 10, 2010 @04:00PM (#1335744)
Yes, I'm aware of his investment. But he seems pretty reasonable, and he's definitely more knowledgeable than I am.

What's interesting about Buffet's position is that - aside from the Goldman investment - his stated philosophy and track record are at odds with Wall Street. See, for example, his criticism of hedge funds, and his preference for investing rather than trading. Is his involvement with Goldman a departure from his usual MO?

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Re:Goldman Sachs Has First Perfect Quarter With Zero Trading... by borism on Monday May 10, 2010 @07:02PM (#1336204)
you can drive a truck trough his usual MO as portrayed by his PR!

first he calls derivatives "weapons of mass destruction", next thing you know he's loading up on index options!

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