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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (13087)9/23/2001 11:39:56 PM
From: Valueman  Read Replies (1) of 78750
 
Paul:

Revisit Fairfax. Prem Watsa had the forethought to buy $1 billion notional value in S&P500 puts with 1250 strike, ~$140 million in NASDAQ puts, and $5.5 billion in "put" bonds. This covers the estimated max payout from WTC of $125 million and more. They should really be able to take advantage of the soaring prices that will inevitably follow.
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