No. of Recommendations: 7
What do you think Buffett thinks of this, “ arbitrage play”. Can’t they let Charlie rip for a while? It’s legal and fully disclosed but Buffett would eat a salad with low cal dressing before he would bless this nonsense.
I think he despises such things. Remember his adage about the big block of gold in his letter a few years/decades ago? And furthermore, I think that he "feels" that such things can never end well. When there is no true economic value, eventually there is no true financial value. I suppose there will always be uninformed investors out there to be taken advantage of by clever folks who want to get rich without providing true economic value.
