Oct 22 2008
Buy, baby buy
Well, it’s not only me say buying, Warren E. Buffett suggested too. I laughed when I heard that hedge funds are buying t-bills - United States government bonds recently. So silly! It’s different when Golfer’s clients asking him if Lehman was in trouble .. a week or so prior to its collapse. These clients heard news from other hedgies that they were experiencing delays .. when dealing with Lehman - this was justified caution. But buying bonds? It’s over the board. This shows even the seasoned players get caught up in the storm and lost his sight - lost his shirt first then lost his mind hence the sight.