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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (107812)	5/31/2007 12:02:50 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

KT, The reason I am curious is that recently Charlie Munger was talking about what would happen if there was a financial meltdown. One of things he seemed to be advising was to not hold securities in a margin account. Not that he thought it would be a problem, but that it "could" be a problem. I guess there could be some confusion over who actually owned the shares of they were lent out and shorted multiple times (some of the concerns of Patrick Byrne). I want to have a margin account because I occasionally borrow on a short term basis and also buy and sell puts, calls etc... I don't need a lot of margin though. So I was thinking of putting my BRKA shares on the cash side and leaving the rest of the account alone. I'm not sure if that would satisfy my minor paranoid concerns, but I would be able to operate financially that way. If I can't do it that way, then perhaps I need to open another account and just move shares to it selectively.