Thursday, February 05, 2009

Warren Buffet magic

Wow no wonder Warren Buffet is rich.

Tell me where can I get 12% return, plus the upside of his convertible bonds actually making him a profit on his stock holding.

At the moment with Swiss Re trading at 26 francs (and his convertible price of 25 francs) he has made a 4% return on his potential conversion + the interest.

Easy to make money when people are throwing money at you on terms like that.


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