Warren Buffet magic

Wow no wonder Warren Buffet is rich.

http://www.nytimes.com/2009/02/06/business/worldbusiness/06swiss.html

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.


Cheers,
Dean