BUFFET Loses, It gets even better...
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thread: BUFFET Loses, It gets even better...

  1. #1

    BUFFET Loses, It gets even better...

    I am short the dollar, the world's richest guy, Bill Gates explained this weekend as the guiding light of Davos, The dollar that is old, it is likely to return.

    So why are you so sure about that Bill? Well, it is the deficits, of course. And also, I've a real friend. His name is Warren.

    Taken from Currency Currents 31 January 2005

  2. #2
    from Currency Currents 31 January 2005
    Ouch, he Has Missing a hell of cash is he is short on US$ from Jan'05

  3. #3
    Your not laughing anymore

  4. #4
    Junior Member Verotrixxo's Avatar
    16
    I wonder how many people start selling the dollar with all this publicity?

    I wonder. . .mebbe he the dollar.

  5. #5
    I'm short the dollar, Bill Gates, the world's richest guy said that weekend from his lofty perch as the guiding light of Davos, The old dollar, it's going to return.


    So why are you so sure about that Bill? Well, it's the deficits, of course. And also, I've a real good friend. His name is Warren.

    Taken from Currency Currents 31 January 2005



    BTW just an FYI for Those who buy that Bill is the wealthiest man in the world. Not a chance. He's the taxpayer that is wealthiest. There is a big difference. There are men than Bill. The wealthiest man known in really big money circles is a guy named George who lives in Germany and whose chateau has a nice view of this Swiss alps. Five decades ago when I heard his wealth closed in about 400 billion. Personally, I spent time with a guy that understands George and who's the finance ambassador for a number of countries. Him and his research team who analyzes wealthy people were allowed to spend several weeks at his chateau where he conducts his worldwide affairs and document how he does what he does. When Bill is referred to as the wealthiest man on earth it frequently conjures a certain mirth to people jokingly right such statements to adapt Bill since the wealthiest taxpayer in the world. Bill is understood to be a little too much a product of this system from the circles of this hyper-wealthy. Inside the box he thinks to them.

    FT

  6. #6
    I agree with you FT. I always never thought the forbes list is realistic. These are the ones at the focus, that is why everyone understand them and think about them as rich because their prosperity is calculated and everything is documented, although I am sure there are many others that are richer than those people. The amounts are hidden or un-documented so no one understand just how much they have although I am sure there are.

    Another small trick, Warren and Bill are short the USD, nice. But this does not signify they are correct or has to be correct. That is 1 thing. One more thing is they are short the USD for the long haul, and meaning they may be for another few years. They may turn and forums will probably be full of threads stating Bill and Warren anticipated the USD recession if this moment comes.

    Thanks,

    Nader

  7. #7
    I concur with you FT. I never believed that the forbes list is realistic. I am certain that there are many others that are wealthier than those people, but these are the ones at the focus, that's why everyone understand them and consider them as wealthy as their prosperity is calculated and everything associated with their business is documented. I am certain that there are many others that are wealthier but the amounts are concealed or un-documented so no one understand how much they have.

    Another Little tip, Warren and Bill are short the USD, fine. But this does not mean that they are correct or must be correct. That is 1 thing. Another thing is that they are the USD for the long haul, which means that they might be for the next few years. They might turn out but after 3 years from today, and if this moment comes, forums will be full of threads stating that Warren and Bill anticipated the USD recession 4 years before.

    Thanks,

    Nader
    Basic trading is a different game. It's been suggested that Buffet wasn't hedged on this move but I have not seen evidence. To believe that one single place somehow defines his trading doesn't make any sense to me.

    Traders and investors who trade or invest from greed tend to look at those who have become quite wealthy as being moved like they are. That's the reason why they cannot comprehend why someone so wealthy would last trading. They aren't trading because they adore it to get wealthy. That's the reason why they would stop if they got to a certain point. They have not found a way to make money doing exactly what they love and could therefore quit when they made money at it. When you are doing what you love to do it is not about the money. If you become rich at it -- why do you need to stop when it is not for the money that you get it?

    FT

  8. #8
    Junior Member Gabirel2's Avatar
    16
    The wealthiest person known in very major cash circles is a guy named George who resides in Germany and whose chateau has a great view of this Swiss alps. Five years ago when I discovered his wealth closed in on 400 billion. Personally, I spent time with a man who is the finance ambassador for several of nations and that knows George personally. His research team who studies wealthy people were permitted to spend a few weeks at his chateau at which he conducts his global affairs and document how he does what he does.
    Fijitrader,

    Do you know whether that study was every published? Are there some tools for finding out more about people like George?

  9. #9
    Senior Member raqwl.deji's Avatar
    108
    Fundamental trading is a different game. It's been indied that Buffet wasn't hedged on this movement but I have not seen proof. To believe that his trading is somehow defined by one position doesn't make any sense.

    Traders and investors who invest or trade out of greed have a tendency to look at those who have become very wealthy as being motivated like they are. That's the reason why they cannot understand why someone would continue trading. They are not trading because it is loved by them but to get wealthy. The reason why they would stop if they have to a certain stage that's. They haven't found a way to make money doing what they would quit when they left money at it and love. Whenever you are doing what you like to do it is not about the cash. If you become loaded at it -- why do you want to quit when it is not right for the money you get it?

    FT
    I agree that you ought to enjoy what you do. I, however, would not be trading potential. I really like trading. But if I had the skills to create millions being a race car driver, I might say goodbye to trading in a heartbeat obviously I dont enjoy trading up to buffet, as as soon as I have 50 million liquid im outta this match.

  10. #10
    I agree that you ought to enjoy what you do. But I would not be trading if not to the earnings possible. I really like trading. But if I had the skills to make millions being a race car driver, I would bid farewell to investing in a heartbeat I dont enjoy trading as far as buffet this game.
    It is fairly possible that Buffet himself said the exact same thing earlier on in his life. Things change and so do your motives.

    If you like racing as far as you state then, like most fighter race drivers (much rarer than traderships), you'd most likely have raced instead and acquired the abilities like any other racer. What we think we want and what we actually want aren't always the same. What we really desire is seen by what we do. What we think we want is found in the things we dream about performing but aren't currently doing.

    Anyway it will be interesting to determine if, once you accomplish your 50m, then you stop trading.

    FT

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