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Warren Buffett Wins $224 Million Bet With Florida



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- LeeCalif See Profile I'm a Fan of LeeCalif permalink

What deal did Paulson make on that infamous Sunday nite call.

Buffett may be rich but he doesn't see what's going to take him down.

    Reply    Favorite    Flag as abusive Posted 11:30 PM on 12/30/2008
- deshard See Profile I'm a Fan of deshard permalink

Funny, I thought the bet would have been whether or not the Governor went through with his sham marriage to hid the fact that he's gay. (Never married, always tan and he and his "lady" are going to live in separate houses. C'mon, Charlie, come out already!)

    Reply    Favorite    Flag as abusive Posted 02:39 PM on 12/30/2008
- Sumocat See Profile I'm a Fan of Sumocat permalink

This "bet" was on a commitment to buy interest-bearing bonds, giving Berkshire $224M upfront with the option to earn 6.5% on up to $4B over thirty years. Hardly the greatest investment, but better than what I'm earning (or losing in the current market). Pretty sure that means he would have "won" either way.

    Reply    Favorite    Flag as abusive Posted 09:03 AM on 12/30/2008
- nomadicexpat See Profile I'm a Fan of nomadicexpat permalink

a 6.5% return on capital is not a win for buffett .. it may be better than you get, but that doesn't mean it is good. yields available out there now are significantly higher .. just look at what bank sub debt is paying

    Reply    Favorite    Flag as abusive Posted 10:00 AM on 12/30/2008
- DiogenesOfAlaska See Profile I'm a Fan of DiogenesOfAlaska permalink

May I respectfully point out that in tracing your enlightened sense of investment and executive pay to this post, I finally arrived at the smoking gun?

You DO seem breathtakingly unaware of the fact that return is a compensation for risk taken.

Go back to school.

    Reply    Favorite    Flag as abusive Posted 06:34 PM on 01/07/2009
- Carolab See Profile I'm a Fan of Carolab permalink

Reminds me of the put options before 9 1 1.

    Reply    Favorite    Flag as abusive Posted 11:40 PM on 12/29/2008
- Quaoar See Profile I'm a Fan of Quaoar permalink

Charlie Crist's picture appears yet he isn't mentioned in the article. He's been out of the news since his marriage. How's the beard, Chuck?

    Reply    Favorite    Flag as abusive Posted 11:25 PM on 12/29/2008
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