Buffett's Replacement Is 77% Invested In Financials

Tyler Durden's picture

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primefool's picture

No no - read the article - he's in because he's a "regular american guy" ( wears jeans, eats hot dogs and drinks Co-Cola)

NoBull1994's picture

The fact that Combs is a Florida State University graduate is the only piece of information potential investors should need.  Run, don't walk, away from this one.....

DonnieD's picture

As opposed to an Ivy League genius schooled in economic fantasy and corruption?

slaughterer's picture

But he avoided AIG, FnF, Bear and LEH--so Warren gives him extra credit. 

bobboberson's picture

Time to short yet?

 

"With 77% of his holdings at Castle Point invested in financials, there is no surprise why Todd Combs, who has yet to get to the part about diversification in Finance 101"

LOL!

NoBull1994's picture

It's a financial services fund, dumbass, what do you expect?  AAPL and AMZN?

Oh regional Indian's picture

He has to be an insider's insider to take over Buffet Holding(on)'s.

Ever since I found out that Gramps Warren was the son of a senator (this was a few years ago), the scales fell from my eyes.

Then, watching his moves into FIRE (actually you could say his moves, all big ones, helped move a lot of capital into the FIRE economy) and understanding why, it became more obvious that Gramps was just a tool and a fool to boot.

Combing through Todd's odd holdings simply confirms more of the same.

I wonder what BH will be worth on November 11th.

Watch that one going down. And given it's limited participation, I say good riddance.

ORI

http://aadivaahan.wordpress.com

ILikeBoats's picture

Warren is a creation and creature of fiat.  He was born at the almost same time as fiat currency (1933 gold confiscation) and has lived his whole life in the growing bubble called the USD, he cannot conceive of anything outside that.

mikla's picture

+1

Run, don't walk, away from this one.

Warren's empire will die before Warren does.  No sympathy here.

b_thunder's picture

77% in financials?  No problem.  It's going to be called BPiP  - Buffett-Public Partnership.  He buys into insolvent, broke and criminally fraudulent financials (a la $5B GS buy-in) and in return the Fed and US Treasury will not let them "fail."

 

Bill Lumbergh's picture

The man must be insane or he knows something we do not.

DollarDive's picture

It's like betting with the house.

Ripshod Righteous's picture

I love zero hedge -- but Castle Point is a long/short FINANCIAL SERVICES fund. This isn't some overzealous bet on one sector, it's their mandate.

Oh regional Indian's picture

I think the point might be that he is a FIRE-man.

Meaning more of the same at Buffoon holdings.

ORI

http://aadivaahan.wordpress.com

hedgie's picture

Since we don't know what he is shorting, we have no idea what the really thinks of the FIRE economy.  He could be 200% net short.  He could have loaded up on puts.  Or he could be pursuing a relative value thesis.  Short BAC and long MA would be a perfectly plausible strategy.

Sherman McCoy's picture

Oh great! A "value stock" monkey. I guess that guarantees he won't "one-up" his predecessor, securing is place in market history.

Fruffing's picture

Those grapes are probably sour anyways....   Tho' it don't look like a lotta money he runs.   No worries, GS will help him with execution, no?

Grand Supercycle's picture

DOW weekly chart shows the rising wedge contained within the megaphone pattern. This remains a very bearish picture and we should
get a breakout soon.

http://stockmarket618.wordpress.com

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