Buffett Poised to Cash in on Bond Insurer Woes

By Jonathan Stempel
Reuters / Forbes.com (New York) January 30, 2008

EXCERPT

" I've met Warren Buffett. I've spoken to him about structured products. He's astonishingly good," Tavakoli said.

"I would be surprised if he were to touch the financial guarantors' structured products, given that the underwriting standards seemed so poor. Berkshire is clear that it is happy to do zero business when the risk premiums make no sense and that's something the guarantors didn't learn."

[Disclosure: Ms. Tavakoli owns shares of BRKA]


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