{"id":22773,"date":"2007-08-22T10:03:00","date_gmt":"2007-08-22T10:03:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=582"},"modified":"2007-08-22T10:03:00","modified_gmt":"2007-08-22T10:03:00","slug":"warren-buffett-nos-ensena-el-camino-a-seguir-en-el-subprime-crunch-como-siempre","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/warren-buffett-nos-ensena-el-camino-a-seguir-en-el-subprime-crunch-como-siempre\/","title":{"rendered":"Warren Buffett shows us the way forward in the subprime-crunch. As always."},"content":{"rendered":"
It\u2019s been almost 4 months since Warren<\/span> Buffett<\/span> he went out hunting<\/a>. He\u2019s always liked to boast that his company has more money than investment opportunities. Personally, I reckon he proclaimed loud and clear that he was off on a big-game hunt to show off by bagging an elephant, rather than just chasing a partridge, as other hunters do. Instead of to sheathe<\/span> Dressed in classic camouflage, he fired into the air in late April as soon as he left the house. In all likelihood, he did so as a lure for some domesticated pachyderm eager to be shot by such an illustrious hunter. For some animals raised in captivity, it is a real honour (and a business opportunity) to feature in the trophy room of Berkshire<\/span><\/a>.<\/div>\n
\"\"<\/a>Once again Buffett<\/span> has created his own Good luck<\/a> and is in the right place at the right time with the pencil case<\/span> to the brim. That\u2019s right, right before his eyes has appeared a magnificent wild elephant that had no intention of being hunted, but which circumstances have forced into the crosshairs of Buffett<\/span>. It\u2019s called Nationwide<\/span><\/a> and has meant that, at the age of 76, the old hunter still has the same sparkle in his eyes as when he shot M&T; Bank<\/span> o Wells<\/span> Fargo<\/span>, all of which belong to the same sector.<\/p>\n

This subprime<\/span>-crunch<\/span><\/span> The situation we are currently experiencing will ruin many, but it also presents a historic opportunity for those who know how to seize it, whilst others flee in terror and panic towards the refuge of a triple-A sovereign rating, even if it is at the cost of a yield<\/span> derisory.<\/p>\n

The Master Warren<\/span> Buffett<\/span>, once again, it shows the way forward. It is the most responsible and interesting of the options. If Nationwide<\/span><\/span> It is a valid option, but investments in fixed-income securities not linked to mortgages are just as valid, if not more so subprime<\/span>, from both non-financial and financial sectors. We currently have A-rated corporate debt and AA<\/span> well below par, even below 90, with yields<\/span> more than just interesting. In other words, genuine opportunities in the fixed-income market that are visible only to a select few with foresight.<\/p>\n

\"\"<\/a>Unfortunately, most average investors continue to focus solely on stock market indices. They even use the equity market as a yardstick to gauge the severity of the current credit crisis. Fortunately, however, the Economy with a capital \u2018E\u2019 is not just the stock market, but much more besides. The state of the economic system may worsen or improve with little regard to what happens to the indices of the DJ<\/span>, DAX<\/span> o FTSE<\/span>. There is no doubt that these markets will ultimately reflect the System\u2019s true state of health, but focusing solely on them It\u2019s like watching the faces in the crowd instead of watching the match<\/span>.<\/p>\n

Anyway, as he says Rebuzner<\/span> in his latest post<\/a>, these days it\u2019s all the rage to talk about chaos and stars<\/span> widespread. Meanwhile, other Masters are going about their business, which, once again, benefits us all.<\/div>","protected":false},"excerpt":{"rendered":"

Hace casi 4 meses que Warren Buffett sali\u00f3 de cacer\u00eda. Siempre le ha gustado presumir de que su empresa tiene m\u00e1s dinero que oportunidades de inversi\u00f3n. Personalmente creo que proclam\u00f3 en voz alta que sal\u00eda de caza mayor para chulear a alg\u00fan elefante en lugar de marear alguna perdiz, como hacen otros cazadores. En lugar […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22773","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=22773"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22773\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=22773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=22773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=22773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}