There is no hypocrisy in following industry wide accounting practices while arguing for changes to industry wide accounting practices. Until the...
Yeah, you're right, the screaming groupies are drowning out reasonable discussion. Now remind me, how much did Berkshire make shorting the...
<i>To re-phrase, Warren left some money on the table.</i> Everyone leaves money on the table. Unless you sell at every top and buy at every...
:)
Bullshit. Berkshire made $1.95 billion dollars shorting the dollar between 2002, when they entered the position, and the end of 2005. Gains...
Here's Buffett's own words, from the March 2004 letter to shareholders: "And, again, our usual caveat: macro-economics is a tough game in which...
You're right, his stated goal was not to speculate on currencies, but rather to hedge what he considered the risk to Berkshire's value from the...
Too early? You're too late. Buffet was short the dollar five years ago. It's been a very profitable trade. Martin
<i>the world is awash in heavy sour....</i> Today, the US is awash in light sweet. <i>SPR is of little help since there are no direct...
Markets will continue to shrug this off. Oil is a global commodity. Alaska is a drop in the bucket in the world market. If oil prices were driven...
The September contract stops trading by the last week of August. If you hold your long position, you're going to get delivered 10 billion BTUs of...
This years NG pricing has been dominated by high inventory levels. Storage is far above normal for this time of year. Storage capacity is finite....
One very odd thing about the consumption tax is how it treats savings in the transition from an income tax regime. Consumption tax moves the tax...
The minis have no liquidity outside the front months. Some futures markets will quote calendar spreads. As I understand, these markets are made...
Hey guys, Anyone know an online broker where you can execute native intramarket calendar spreads on Nymex contracts? Thanks, Martin
Good trade. Someone was asking about seasonality. Summer prices are always lower than winter because of storage costs. I'd put on a QM/QG...
If you want to know why natural gas rallied, look no further than last week's storage report. The net storage on the week was negative, the first...
Steve, great satire. I love it. You speak redneck like a native. You had me going there for a while. Martin
Natural gas royalty trusts. SJT, HGT for example. Will be more of a pure NG play than buying an operating company. Martin
The Logitech sub is nice for a computer system but it would be badly out of place in a B&W system intended for serious music listening. I'd...
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