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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (36879)	3/6/2010 10:40:28 PM
From: Mark Marcellus	Respond to of 78470

Curious how Buffett has no big gambles on his resume that I know of. Some say that his Amex investment during the salad oil scandal counts as a big gamble. People who are smarter than I have run through the numbers and made the case that he was all in, and significantly leveraged. As to whether this really was a gamble, the old W. C. Fields line does come to mind: Prospective poker player: "Is this a game of chance?" Fields: "Not the way I play it, no."