THE SWIMMING NAKED PROPHECY | WHAT REALLY HAPPENED


THE SWIMMING NAKED PROPHECY

It's only when the tide goes out that you learn who's been swimming naked - Warren Buffet (2007)

It surely kind of prophetic to hear a market guru, like Buffett, embracing such a philosophical approach two years ago as the Berkshire profits plunged 96% in early March amid the dysfunctional world economy. It is even more baffling to hear him blame the derivatives after admitting that the firm' s equity holdings had lost 44% because of them. One has to wonder exactly which game is he playing.

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