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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (1569)	5/15/2006 11:05:13 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 50327

(edit) If Buffet made 50%+ then why would he say in his own words that he didn't make much on the trade? There have been a number of good articles on why that may be FWIW. The best articles that I have read say that the reason is that he hedged his bet at various times by going short w/the futures mrk. Worked for a while, but this latest spike caught him and many others off guard. I'm probably not doing the article justice, but can't find it right now. I agree w/the premise. Nothing else makes sense to me regarding his "small" profit and timing on the announcement.