Replies to post #591713 on Zeev's Turnips Patch-No Politics (ZEEV)

[*~1Best~*]

Back to *Solar energy* until a brilliant inventor comes along.


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Agree with Kass ~> Derivatives = "financial weapons of mass destruction"

Also, US debt

http://trend-signals.blogspot.com/2008/05/derivatives-new-ticking-bomb.html

Bernanke and Paulson are not dealing with the problems.



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Kass Shorts Berkshire on Investment Style: Barron's
BERKSHIRE HATHAWAY, INVESTMENT STRATEGY, STOCK MARKET
By Reuters
Reuters
| 19 May 2008 | 03:46 AM ET

Doug Kass, who famously shorted "everything related to housing" in 2007, told Barron's he has a short position in Warren Buffett's Berkshire Hathaway, largely because the company has suffered from a drift in its investment style.

Kass, founder and president of Seabreeze Partners Management, said that while previously calling derivatives "financial weapons of mass destruction," Buffett had out of character immersed himself in several large such transactions that led to an unrealized $1.6 billion loss in the company's first quarter.

He said he is also short Berkshire because he believes the salad days for the insurance industry, a major part of Berkshire's business, are over, and the company's premium valuation may erode as some financial services companies regain their footing, Barron's reported in its issue dated May 19.

[RockJohny]

the by-product of burning H is water....so why
the 'hit' to groundwater necessarily?

i don't buy the so-called laws of thermodynamics denying any form of perpetual motion...the Earth orbiting the Sun is perpetual motion so there's one law already being broken.

scientists these days are trained to NOT think outside the box of the scientific method...society could benefit from a modest allowance of the 'alchemist' approach.

and don't think big business doesn't get in the way of true progress just as JP Morgan pulled the plug on Tesla back in the day.