This page has been archived and commenting is disabled.

Buffett, Johnny Depp Snap Up "Cheap" Greek Islands

Tyler Durden's picture




 

Update: And because any story that involves Greece (or originating from Newsweek) must be promptly denied in keeping with European headline hockey customs: 

* * *

On Monday, we brought you a day in the life of a Greek realtor. Courtesy of Bloomberg, we got a first-hand account of what it’s like in the Athens real estate market now that the Greek economy has collapsed. 

"For the last 15 days," the Athenian realtor featured in the video says, "the market has been really dead."

That’s not surprising. Capital controls have gripped the country since PM Alexis Tsipras called for a referendum on creditors’ proposals and Greeks are more concerned about whether they’ll be food on the shelves and gas at the pumps (an acute credit crunch threatens to leave the country with a shortage of imported goods) than they are about buying homes. 

"At least 50% of real estate agents have closed down," the realtor continues, adding that "the market has been only those who can afford [to pay] cash in recent years."

But who can afford to pay cash for property in Greece? For the answer, we go to Newsweek.

Billionaire investor Warren Buffett has joined up with Italian real estate agent Alessandro Proto to purchase a Greek island off the coast of Athens.

 

Consistently ranked as one of the wealthiest men in the world, Buffett and Italian millionaire Proto, acquired the island of St Thomas for €15m last Thursday, Proto Enterprises confirmed today.

 

St Thomas is located in the Saronic Gulf near the Port of Piraeus, the largest Greek sea-port, and one of the largest in the East Mediterranean sea-basin. 45 minutes from Athens by ferry and 20 minutes from Corinth, the 1.2 sq km island is uninhabited, according to Private Island Online, a real estate site for private islands across the world.

 

Buffett, 84, who has a net worth of around €62.4bn, and Proto plan to build a real estate development on the island, according to The Athens-Macedonian News Agency (ANA-mpa), who broke the story on Saturday.

 

A Proto representative told Spiegel Online, "Greece is currently very attractive for investment in the development of real estate."

 

The website Public Islands Online markets Greek islands as the "ultimate status symbol, evoking images of sunglass sporting shipping magnates sipping champagne on the deck of enormous yachts." 

Yes, Greece "evokes images of sunglass sporting shipping magnates sipping champagne on the deck of enormous yachts" or it evokes images of fiery street protests and laid off public sector workers digging through dustbins for food - it just kind of depends on your perspective, we suppose. 

But kind of like how poor Americans would be better off if they would just wake up and realize that Janet Yellen is right about how important it is for low income households to "build assets", Greece’s downtrodden citizens would perhaps be buying more property (and especially more private islands) if they were just willing to consider the fact that the market is full of bargains right now:

"In reality, Greek islands are relatively affordable, costing as little as $2m [€1.8m] - less than a ski chalet in Aspen or a walk up on the Upper East side."

See there Greek pensioners who are living off €120/month? A private island right in your own backyard is far more affordable that that ski chalet in Aspen you weren’t looking at. 

And it's not just Buffett doing the buying:

ANA-mpa reported that American actor Johnny Depp also purchased a Greek island late last week for €4.2m. The island of Stroggilo is located in the Aegean Sea near the popular Marathos island.

 

Brad Pitt and Angelina Jolie are also reported to have expressed interest in the Greek islands.

*  *  *

Buffett island, courtesy of privateislandsonline.com

ABOUT ST. THOMAS

St. Thomas Island is part of the Diapori chain in the Saronicos Gulf, an area of Greece mythologized for the lush emerald beauty of its picturesque islands. The island is the middle in a chain of three islands currently available for sale, and totals 300 acres, 50 of which are clear for purchase. 

Accessible from Corinth by water taxi, approx 20 minutes, Athens. 45minutes. There are 2 charming villages in the immediate area with luxury villas along the surrounding coast. The nearest town of Korfos is a quiet resort village whose many small sailboats dot the shimmering Saronikos and Argolic gulfs. The town of Megara is just a half hour away, making the location absolutely prime for a resort catering to Europe's elite. 

Depp island

ABOUT STROGGILO ISLAND

The island of Stroggilo is a 54-acre island located near the popular island of Marathos, in the Aegean Sea. Is covered with green, almost all year long, cause of the water it has, the water can became drinkable with small process. 

Stroggilo is the ideal choice for tourist development due to its proximity to Marathos and Patmos Island, Marathos has a power grid established already. 

All Aegean islands are famous for their beautiful clear water, there sandy beaches, ideal for swimming, sea sports and fishing, the same goes for Stroggilo, a perfect 110 meters beach that can easily transform to a heaven on earth place for vacations.

*  *  *

Of course Buffett and Depp's purchases come with the ancillary benefit of being in close proximity to another well-to-do island-goer...


 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 07/21/2015 - 09:43 | 6336663 swass
swass's picture

.. and now we see who was behind the fire sale.

Tue, 07/21/2015 - 09:44 | 6336670 ZeroPower
ZeroPower's picture

Buffett..what a slimely old prick of a geezer. Pretends he's all humble and 'cheap' to obaMao while he goes off buying an island.

Tue, 07/21/2015 - 09:48 | 6336686 swass
swass's picture

Sources say that Johnny Depp's island is going to be home to a chocolate factory.

Tue, 07/21/2015 - 10:00 | 6336738 kaiserhoff
kaiserhoff's picture

Suckers.  Way too early.

I'm waiting for the blue light special.

Tue, 07/21/2015 - 10:15 | 6336808 Oh regional Indian
Oh regional Indian's picture

The blowback on these blowhards will be enormous, painful (for them) and something to behold.

It's this ever shifting timing issue of said retribution that is frustratingly hard to predict.

For those not in the know, Depp, for some strange reason, made it a cause celebre to save three death row satanic murder accused in the mid-west. Spent time and money to get some really creepy boys off. The videos are beyond shocking.

All the people at the top of the exposure bandwagon are totally FUCKING WEIRD!

 

Tue, 07/21/2015 - 10:35 | 6336879 toady
toady's picture

How many suckers can they get to buy islands before they nationalize (take them back) them?

Tue, 07/21/2015 - 10:50 | 6336963 Soul Glow
Soul Glow's picture

YV may own an island, but he doesn't wear a tie, which makes him very working class.

:)

Tue, 07/21/2015 - 11:34 | 6337186 greenskeeper carl
greenskeeper carl's picture

I agree, Toady. While I am not claiming the US really repects property rights, I don't know what they are thinking buying an island in a socialit paradise like greece. Even if they aren't nationalized, they can and will jack property taxes up to the moon, especially for non greeks.

 

But,  I suppose if you are warren buffett, whats a paltry 15 million. Thats pretty much like me not caring enough about the 50 cents the vending machine at work stole from me  the other day to call the 1800 number...

Tue, 07/21/2015 - 11:53 | 6337277 Amish FinEng
Amish FinEng's picture

Looks like a shithole. Where could I plant corn on a rock island?

Tue, 07/21/2015 - 12:32 | 6337449 Georgia_Boy
Georgia_Boy's picture

@swass And make deliveries by pirate ship.

Tue, 07/21/2015 - 15:31 | 6338346 Manthong
Manthong's picture

anyone remember how long the Nips held on to Pebble Beach?

Tue, 07/21/2015 - 12:36 | 6337472 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

Peanuts, my Amish brutha, peanut are where the Greeks are thinking.....

Tue, 07/21/2015 - 12:18 | 6337384 DeProgrammed
DeProgrammed's picture

I think property rights/security will be determined by "who" the purchaser is.  Something tells me Depp might lose an island, but Buffet will not.

Tue, 07/21/2015 - 15:55 | 6338409 Manthong
Manthong's picture

how old is the Omaha'n octo genaria geriatric now?

and Depp..  use your imagination.

 

Tue, 07/21/2015 - 14:20 | 6337999 daggerhashimoto
daggerhashimoto's picture

I can't wait.

 

Tue, 07/21/2015 - 10:56 | 6336980 NidStyles
NidStyles's picture

What, you thought he got there without sucking a few dicks? You'd have to be a child to think that. 

Tue, 07/21/2015 - 11:08 | 6337053 MrPalladium
MrPalladium's picture

Just wait until their property tax bills arrive and rates and tax appraisals skyrocket in the future. To own an island is to trust the Greek government not to screw you.

Tue, 07/21/2015 - 12:14 | 6337371 booboo
booboo's picture

What " Greek Government? You mean the EU and their parliament? They will exempt Buffet just as they are exempt from taxation. Why Eurotards put up with this shit is beyond me.

Tue, 07/21/2015 - 12:50 | 6337539 lunaticfringe
lunaticfringe's picture

I don't think that cocksucker Buffett is going to have any problem paying the taxes. In fact, the old prick outta just bail Greece out by himself. Maybe ex-pat, live out his final days as a Greek. I'd like that. 

Tue, 07/21/2015 - 11:17 | 6337101 roisaber
roisaber's picture

Three really creepy boys who.... actually were in no way responsible for the crime. But, you know, why not punish people for being strange and let actual murderers run around scot free because we're too busy being skeezed out by a bunch of harmless metalheads?

Tue, 07/21/2015 - 12:20 | 6337395 Blankenstein
Blankenstein's picture

According to HBO and Johnny Depp, others believe differently.  

 

http://www.westmemphisthreefacts.com/

Tue, 07/21/2015 - 12:39 | 6337492 roisaber
roisaber's picture

Confessions and eyewitness accounts are and have always been the least reliable forms of evidence. Police have all kinds of nasty tricksies to make people "confess" to things they didn't do, often totally inadvertently, and use interogation methods that wouldn't be out of place in Lyubanka to coerce people into signing papers admitting guilt without understanding them. I have personal experience in this matter.

Tue, 07/21/2015 - 12:42 | 6337503 MsCreant
MsCreant's picture

The case was the West Memphis Three.

I felt like you do, a long time ago, when it first happened. The kids are weird, but they are probably innocent. The lead boy wore satanist/goth/heavy metal stuff, and one of them was mentally disabeld. I agree they look very "wrong" and guilty of something. 

One of the fathers of the dead boys, on the other hand, is so guilty looking and creepy, that the wife has left him, and most of the town thinks he did it. You need to get a load of him in interviews. You will feel it, he is lying and bizzare. Two of his friends said that he confessed to them that he did it.

Everyone involved, even the cops, are so stupid and backwards, that the situation was an absoulte mess. 

Tue, 07/21/2015 - 14:24 | 6338030 Oh regional Indian
Oh regional Indian's picture

Interesting perspective, yes, the West Memphis Three, but some of the "bromance" interviews with Depp and the boyz are beyond WEIRD!

Given the Joan Benet R case and the like, the truth is probably way stranger than fiction...

Tue, 07/21/2015 - 15:26 | 6337831 Chris Dakota
Chris Dakota's picture

I would imagine the ultimate privacy is the lure.

You make your own rules, kinda like a little kingdom

complete with a steady supply of impoverished kids.

Michael Jackson would have been a buyer too.

Creepy little Depp

https://www.youtube.com/watch?t=242&v=qu_l2YzgN8U

 

Tue, 07/21/2015 - 10:02 | 6336750 zuuma
zuuma's picture

Depp's factory will be the fudge-packing division.

Tue, 07/21/2015 - 10:04 | 6336761 Aaaarghh
Aaaarghh's picture

none of it is gonna matter if there is truly a collapse. You think johnny's gonna stand there fending off hoardes of pissed greeks from his land. Don't think so. Let them buy these follies, they never truly own them unless there is ze stabilitee.

Tue, 07/21/2015 - 11:26 | 6337144 A Nanny Moose
A Nanny Moose's picture

Will there be vertically challenged slaves?

Tue, 07/21/2015 - 09:57 | 6336725 DrLucindaX
DrLucindaX's picture

I've always thought there was likely a very very dark side to Warren Buffet. He's based in Nebraska, right? 

Tue, 07/21/2015 - 12:11 | 6337357 NihilistZero
NihilistZero's picture

Buffet is 84. Whether in 15 years or 25, he will eventually leave the mortal coil like all of us. His wealth will mean nothing. If there is something beyond this life I don't wish suffering on people like him, but I hope they come to understand how much better they could have made the world if not for their wholly selfish endeavors. The charities of Buffet and Gates in no way make up for the damage of their crony capitalist exploits.

Tue, 07/21/2015 - 13:01 | 6337592 Schroedingers Cat
Schroedingers Cat's picture

Some would argue their charitable "giving" is even more harmful than their capitalist exploits.

Tue, 07/21/2015 - 13:25 | 6337701 Miffed Microbio...
Miffed Microbiologist's picture

You reap what you sew. Gifts from large charities are mainly used as tax right offs not for altruism or caring of another's plight. Personal time as a gift as well as money is more meaningful.

I do not have the ability to give much money for any cause, instead I have given my time. This has been a spiritual journey I had not anticipated. Something I don't believe Buffet or Gates can comprehend.

Miffed

Tue, 07/21/2015 - 13:37 | 6337760 Dark Space
Dark Space's picture

Wow - it takes some exceptional arrogance to find such immense fault in someone else's charitable giving that likely exceeds your own by a multiple with at least 2 commas, even if you highly value the time you've given.

 

Buffet and Gates have done tremendous work with the vast fortunes they've just given away to help others. In terms of taxes, they would both still die billionaires (except for the fact they're giving it all away) with or without the tax deductions.

Wed, 07/22/2015 - 12:24 | 6341662 boattrash
boattrash's picture

DS, can you describe the taste of Soros' cock as well?

Tue, 07/21/2015 - 11:29 | 6337165 oldmanofthesee
oldmanofthesee's picture

What happens when the EU takes 10% of the assets of anyone owning Greek real estate?

Tue, 07/21/2015 - 13:10 | 6337633 MFL8240
MFL8240's picture

Yes and Buffett would be in worse shape than the Greeks if not for the fraudulent money printing given to his many bailed out holdings!  This shit is why we are hated around the world.  I go on record as saying, this prick should be put in jail along with Depp and the Greek people should have their land!  Fuck you to the Troika the European Federal Reserve gangsters!

Tue, 07/21/2015 - 13:25 | 6337702 Brokenarrow
Brokenarrow's picture

If he drops dead today, I'll dance an Irish jig and drink a shot of Jameson. And, I don't drink.

Tue, 07/21/2015 - 10:00 | 6336743 J Jason Djfmam
J Jason Djfmam's picture

Who gets the money paid for these islands?

Tue, 07/21/2015 - 10:10 | 6336788 RogerMud
RogerMud's picture

most certainly not the Greek people, if that's what you're asking.

Tue, 07/21/2015 - 10:17 | 6336814 quasi_verbatim
quasi_verbatim's picture

When they sell off Rhode Island the money will go to bailout Chinese banana sellers.

Tue, 07/21/2015 - 10:40 | 6336900 Badsamm
Badsamm's picture

I'm ok with selling Florida and Arizona

Tue, 07/21/2015 - 11:38 | 6337204 Burticus
Burticus's picture

No, Florida needs to secede, leaving your @$$ with the federal debt, the Kenyan Usuper and all the MexiNicaSalvaGuataHondurican invaders we kick out.

Tue, 07/21/2015 - 11:10 | 6337064 Farqued Up
Farqued Up's picture

Why should the "people" get it. If I thought that, I would also think the "people" deserved the debts of Greece that some evil tyrant ran up, which I don't.

The "people" is a piece of shit concept because it includes worthless assholes that contribute nothing to even themselves, i.e., leaches. The leaches allow the evil tyrants to run up the debt to begin with to bribe them of their votes.

A willing buyer and a willing seller should consumate any moral deal. It is extremely important that the willing seller gained the property legitimately.

Watch the oligarchs come out of the woodwork and purchase the island of Cuba when all is set up, and the real owners will get fucked. That is a classic BOGUS seller, just as the Greek Islands being sold by bogus sellers. Why not allow the evil political tyrants to just sell the whole damn country? Same concept, Buffet is a POS. The PTB only want the good, the bad comes with headaches.

 

Tue, 07/21/2015 - 13:02 | 6337598 Schroedingers Cat
Schroedingers Cat's picture

For all we know Warren Buffett gets to pay himself to buy a Greek island.

Tue, 07/21/2015 - 10:15 | 6336807 Life of Illusion
Life of Illusion's picture

 

I hope greece nails them with high property taxes........

Tue, 07/21/2015 - 10:53 | 6336972 hxc
hxc's picture

Yes, because more theft is clearly the answer.

Tue, 07/21/2015 - 11:29 | 6337168 A Nanny Moose
A Nanny Moose's picture

Ding ding ding!

Perhaps the one of those dormant volcanoes will awaken? Nah, we won't be that lucky.

Tue, 07/21/2015 - 11:33 | 6337177 Kirk2NCC1701
Kirk2NCC1701's picture

".. and now we see who was behind the fire sale."

"PIRATES OF THE AEGEAN".  Spin-offs coming to a theater near you, Europeans, Brits, Canucks and 'Mericans'.  Long Neo-Feudalism, serfs. 

But fret not, for you will be 'blessed' if you remain meek, turn the other cheek and become poor.  Well, that's according to some Roman Elite in 325 AD (Council of Nicaea), who proclaimed to be writing for some poor, long-dead Jew that they themselves killed centuries earlier.  What can I tell ya, except that...

The Masses are (fucking) STUPID/STOOPID, and that NO one ever went broke underestimating the bad taste and gullibility of the public.  Sheeple is as Sheeple does, and at some point, alas, you just can no longer feel sorry for them -- for there are none more pitiful and perhaps contemptible, than those who will not help themselves.

Tue, 07/21/2015 - 11:38 | 6337209 thatthingcanfly
thatthingcanfly's picture

When I first glanced the ZH headline, I thought it was JIMMY Buffett who had just bought an island off the coast of Greece. Was laughing at the thought of him renaming it "Margaritaville Island."

Then I saw it was the other Buffett. Which is less amusing.

Tue, 07/21/2015 - 11:39 | 6337212 Jumbotron
Jumbotron's picture

Good.  Now we know where they'll be when the shit hits the fan.

Hope you have a fast boat.

Tue, 07/21/2015 - 14:40 | 6338118 Black Warrior W...
Black Warrior Waterdog's picture

Oompa, Loompa, doom-pa-dee-do
I have a perfect island for you
Oompa, Loompa, doom-pa-dee-dee
If you are wise, you'll pay a small fee

What do you get when you swindle the Greeks?
Buying as much as an oligarch seeks!
What are you at getting by with fiat?
What do you think will come of that?

I don't like the look of it

Oompa, Loompa, doom-pa-dee-da
If you are greedy, you will go far
You will live in fascism too
Like the Oompa Loompa doom-pa-dee-do

Tue, 07/21/2015 - 09:43 | 6336664 i_call_you_my_base
i_call_you_my_base's picture

I hope their islands get nationalized someday.

Tue, 07/21/2015 - 09:53 | 6336709 EhKnowKneeMass
EhKnowKneeMass's picture

And, I hope that the western flank of Cumbre Vieja does not collapse one day.

Tue, 07/21/2015 - 10:14 | 6336804 quasi_verbatim
quasi_verbatim's picture

Cumbre Vieja isn't in the Med. Buffet's safe.

Tue, 07/21/2015 - 09:44 | 6336668 CPL
CPL's picture

They aren't high enough above sea level to matter very long.

Tue, 07/21/2015 - 09:54 | 6336711 chistletoe
chistletoe's picture

if you have not yet figured out that the same people who have been bringing you"terrorism",  "weapons of mass destruction", "nuclear Iran" and "ISIS", are also bringing you "global warming", "super storms", and "coastal flooding", then you really need to start paying a bit closer attention ....

Tue, 07/21/2015 - 10:38 | 6336888 Rubicon
Rubicon's picture

He doesnt mention Global Warming. But apart from that are you saying sea levels are not rising?

Tue, 07/21/2015 - 11:14 | 6337085 Farqued Up
Farqued Up's picture

I just hope it floods high enough to make NYC, Boston, and DC uninhabitable. I'll throw in San Francisco, too.

Tue, 07/21/2015 - 11:16 | 6337097 SMG
SMG's picture

Not right now they aren't.

https://en.wikipedia.org/wiki/Sea-level_curve

And from the chart you can actually observe that sea level changes are normal, and took place well before industrialization.

Global Warming is a scam to get people to accept a global carbon tax (yes, a tax on breathing)  and a World Technocratic Govenment (NWO).

 

Tue, 07/21/2015 - 11:27 | 6337155 Rubicon
Rubicon's picture

"Global Warming is a scam to get people to accept a global carbon tax (yes, a tax on breathing)  and a World Technocratic Govenment (NWO)."

 

Why do  you keep talking about "Global Warming"?

Tue, 07/21/2015 - 11:08 | 6337051 CPL
CPL's picture

The carbon credit ponzi scheme marketing I am well aware of, brought by the same dumb kike mystics that have rebuilt the temple of Solomon four times in Turkey, Africa, Brazil and Israel in a lame attempt repeat this mess.  Add to the issues the greedy and dumb religious fuck-up in Switzerland is helping them with his particle accelerator toy, he doesn't understand yet what he's accidentally done but he will soon.  Any case, just stand back and watch.

Tue, 07/21/2015 - 11:19 | 6337116 Farqued Up
Farqued Up's picture

CPL, what the hell have I missed? Geez, have they connected that toy to HAARP or something and we have Dr Strangelove's Doomsday Machine about to be flung upon us?

Seriously, what are you springing on us?

Tue, 07/21/2015 - 09:55 | 6336715 Rubicon
Rubicon's picture

Funnily enough you may be right. In the early 80's I frequently spent summers sleeping on a beach on one of the islands. I hadnt been for many years until recently and the one thing I noticed immediately is how much smaller the beach and others appeared. When I enquired further with the locals they all said that the sea level had risen.

Ouzo or other?

Tue, 07/21/2015 - 09:58 | 6336727 J Jason Djfmam
J Jason Djfmam's picture

Urine.

Tue, 07/21/2015 - 10:08 | 6336775 Rubicon
Rubicon's picture

Are you taking the piss?

Tue, 07/21/2015 - 10:09 | 6336786 J Jason Djfmam
J Jason Djfmam's picture

Leaving it.

Tue, 07/21/2015 - 11:38 | 6337187 IRC162
IRC162's picture

Hi Rubicon,

 

Actually there is a phenomenon called land subsidence.    When water wells pump water from the ground, the ground sinks a little (water acts differently than air under pressure, and the ground sinks with less resistance).

To the casual observer, one can easily state that the water is rising.....however; the observable effect is the same if the ground were actually sinking and the water level stayed the same.   

The disappearing beaches can be observed along the gulf coast as well.

Tue, 07/21/2015 - 11:43 | 6337225 Rubicon
Rubicon's picture

Thx IRC - It may well be the case. Im open to all theory including climate change - but not "Global Warming" for reasons outlined by others.

Tue, 07/21/2015 - 12:54 | 6337561 MsCreant
MsCreant's picture

When I go back to my old high school and junior college that I attended, they look a whole lot smaller to me than they did when I attended....

;-)

Tue, 07/21/2015 - 10:11 | 6336794 quasi_verbatim
quasi_verbatim's picture

Pissing into the Aegean, I expect.

Tue, 07/21/2015 - 09:45 | 6336673 onewayticket2
onewayticket2's picture

missing the Howitzers....

Tue, 07/21/2015 - 10:00 | 6336737 DeadFred
DeadFred's picture

These guys are overlooking the other side of sovereign risk. A new non-puppet government comes in and they pass a piece of paper that says "All your island belong to us!" German tanks could reduce that risk but what does Lloyd's charge to insure against nationalization?

Tue, 07/21/2015 - 12:57 | 6337572 MsCreant
MsCreant's picture

Goldman formula:

1. Write up CDSs against the event.

2. Hypothecate.

3. Rehypothecate.

4. Short it.

5. Profit.

Tue, 07/21/2015 - 17:59 | 6338919 layman_please
layman_please's picture

"All your island are belong to us!" 

fixed it four you

Tue, 07/21/2015 - 09:45 | 6336675 Dr. Engali
Dr. Engali's picture

This continues to get worse until people stop arguing about stupid fucking flags and focus on the real enemy.

Tue, 07/21/2015 - 09:51 | 6336700 EhKnowKneeMass
EhKnowKneeMass's picture

Dat's rayciss, Doc. We will tolerate none of that here.

Tue, 07/21/2015 - 12:58 | 6337583 MsCreant
MsCreant's picture

Fucking Flaggit. 

Tue, 07/21/2015 - 09:54 | 6336712 Doubleguns
Tue, 07/21/2015 - 10:55 | 6336977 hxc
hxc's picture

I hope you mean who i think you mean.

Tue, 07/21/2015 - 09:46 | 6336681 EhKnowKneeMass
EhKnowKneeMass's picture

Hey, is that an Indian buffett or a Chinese buffett?

Tue, 07/21/2015 - 13:00 | 6337588 MsCreant
MsCreant's picture

I ain't eating any of it, that's all I'm saying.

Tue, 07/21/2015 - 09:49 | 6336688 Laughinggrizzley
Laughinggrizzley's picture

At first, I thought it was Jimmy Buffet "So I'll cruise along always searchin' for songs,

Not a lawyer, a thief or a banker."

Tue, 07/21/2015 - 10:01 | 6336744 SumTing Wong
SumTing Wong's picture

I was hoping it would be the more tolerable Buffett, but it is unfortunately Becky Quick's bubble bath friend.

I wish I had a pencil-thin mustache.

Tue, 07/21/2015 - 10:04 | 6336759 J Jason Djfmam
J Jason Djfmam's picture

To offer Becky for a ride?

Tue, 07/21/2015 - 19:43 | 6339394 StychoKiller
StychoKiller's picture

"Why don't we get drunk and screw?"

Tue, 07/21/2015 - 11:21 | 6337128 Farqued Up
Farqued Up's picture

Lawyer, thief, banker? Redundant.

Tue, 07/21/2015 - 09:50 | 6336696 RogerMud
RogerMud's picture

is that last pic a Cialis commercial?

Tue, 07/21/2015 - 10:25 | 6336841 Consuelo
Consuelo's picture

'Ole Roger Mudd was a decent broadcaster.    There was some integrity and decorum back in that day.

Tue, 07/21/2015 - 09:50 | 6336697 Bill of Rights
Bill of Rights's picture

Qualcomm - 4,000 Layoffs Coming

http://www.sandiegoreader.com/news/2015/jul/20/ticker-massive-layoffs-rumored-qualcomm/#

 

San Diego communications giant Qualcomm could announce coming layoffs of 4000 people on Wednesday, according to rumors racing around the internet.

July 22 is the date of the company's release of its third-quarter earnings. It will have a conference call with securities analysts from 1:45 to 2:45 p.m. that day. An earnings call would be a logical time for such an announcement.

The company has 31,300 employees. A layoff of 4000 would be almost 13 percent of the workforce.

Tue, 07/21/2015 - 09:55 | 6336719 JustObserving
JustObserving's picture

Not to worry - US unemployment rate is 5.3% and each laid off worker will get ten job offers at twice the salary

Forward

 

 

Tue, 07/21/2015 - 10:02 | 6336749 J Jason Djfmam
J Jason Djfmam's picture

So the CEO can afford to buy a Greek island?

Tue, 07/21/2015 - 10:53 | 6336861 HungryPorkChop
HungryPorkChop's picture

* If a CEO lays off this amount of people he should be the first one to go with no salary, stawks', bonus or benefits.   Just sayin' they should get the Obamacare level package along with their laid off workers. 

Tue, 07/21/2015 - 13:02 | 6337597 MsCreant
MsCreant's picture

They should announce the cuts the CEO took in the letter informing them that their job has been made redundant, or their hours are being cut back.

Tue, 07/21/2015 - 09:57 | 6336723 eddiebe
eddiebe's picture

Never underestimate the cunning of the banking elite or the stupidity of the people they exploit.

Tue, 07/21/2015 - 09:57 | 6336726 WillyGroper
WillyGroper's picture

The locusts decend.

No doubt Buffet is donating the island for charitable purposes to the Greek folks.

He must be cock sure of no alignment with pooty.

Tue, 07/21/2015 - 13:04 | 6337605 MsCreant
MsCreant's picture

Yeah what is up with that? Greece did not make a Pooty call...

Tue, 07/21/2015 - 09:58 | 6336729 fromthinair
fromthinair's picture

Buffet, I know you are suffering from a disesase called wealth, but am saddened to hear that you have become so sick. You have always been a scavenger - go after those who are down and out. Is that your mantra of value investing?  You cannot afford to buy that on your salary, so what are you buying that for?

Tue, 07/21/2015 - 11:01 | 6337022 Wahooo
Wahooo's picture

He saved some banker folks.

Tue, 07/21/2015 - 10:11 | 6336741 shovelhead
shovelhead's picture

Pirates of the Mediterranean.

D'ya think Johnny got to keep the Kracken from the movie?

Tue, 07/21/2015 - 13:06 | 6337618 MsCreant
MsCreant's picture

He carries the hair do and make up with him everywhere he goes. He whips the pirate out at random (children's hospitals and such) and goes into character "for fun." I think he does some good, but he is a little douchie, talking about how much everyone loves it that he does it. No humility at all.

Tue, 07/21/2015 - 10:00 | 6336742 bpj
bpj's picture

And althrough the island Warren is going to have the song Margaritaville piped through speakers that look like rocks,...oops,  sorry wrong Buffett

Tue, 07/21/2015 - 11:24 | 6337139 Farqued Up
Farqued Up's picture

They are distant cousins.

Tue, 07/21/2015 - 10:03 | 6336757 FreeNewEnergy
FreeNewEnergy's picture

Buffett can suck a bag of dicks (or so I've heard).

As for the Depp-ster, hey, he made his money in films, so it was almost like working for a living. I hold no grudge against him, plus he's a pretty damn good actor.

If you've never seen Donnie Brasco, I'd put it on the list. He outdoes Al Pacino, and that's no easy feat.

Just for shits and giggles, my favorite song, lately:

https://youtu.be/qwlK5b4KYfI

Tue, 07/21/2015 - 10:04 | 6336765 roisaber
roisaber's picture

Renationalization by force seems like the only reasonable way to keep Greece Greek.

Tue, 07/21/2015 - 11:15 | 6336766 BoPeople
BoPeople's picture

Slimy

Buffet and Depp are most likely just proxies for banks who hold the paper on the islands ... As if Warren will be out there in his Speedo, tanning on the rocks.

Tue, 07/21/2015 - 13:09 | 6337626 MsCreant
MsCreant's picture

"Warren will be out there in his Speedo, tanning on the rocks"

Ewwwwww! I would hope someone would call the EPA and report the toxic substance on the rocks. 

Tue, 07/21/2015 - 10:05 | 6336769 quasi_verbatim
quasi_verbatim's picture

Life is a bottle of Ouzo on a Greek island for the 0.01%

You'd better have the American Worldwide Military Garrison buy another island for a base, before Putin shows up.

 

Tue, 07/21/2015 - 10:06 | 6336771 youngman
youngman's picture

Funny both of those liberals believe in global warming..so you would think they would not buy an island that is soon to be a reef...jus sayin

Tue, 07/21/2015 - 10:08 | 6336781 J Jason Djfmam
J Jason Djfmam's picture

Maybe they want the diving rights.

Tue, 07/21/2015 - 10:41 | 6336908 CuttingEdge
CuttingEdge's picture

No point.

Next to fuck all sea life in the Eastern Med these days.

Not that brilliant at the western end where I live, tbh, but better than that barren underwater wasteland.

The Red Sea and Maldives does spoil you somewhat.

 

Tue, 07/21/2015 - 10:24 | 6336833 Dr. Engali
Dr. Engali's picture

 Both those liberals are pushing the global warming scam so they can profit from it.

 

There, fixed that for ya.

Tue, 07/21/2015 - 10:12 | 6336795 eddiebe
eddiebe's picture

Ouzo is about as disgusting a beverage as a beverage can get. Why anyone who could choose another poison would settle for it I cannot even guess.

Tue, 07/21/2015 - 11:27 | 6337154 Farqued Up
Farqued Up's picture

Puking through the nose shit, that Ouzo.

Tue, 07/21/2015 - 19:46 | 6339416 StychoKiller
StychoKiller's picture

I use it for deglazing the frying pan, it's got a nice licorice/anise taste to it!

Tue, 07/21/2015 - 10:13 | 6336799 Panic Mode
Panic Mode's picture

Feedback loop

Tue, 07/21/2015 - 10:20 | 6336826 Mike Honcho
Mike Honcho's picture

I assume this will be a charity contribution write off.

Tue, 07/21/2015 - 10:25 | 6336837 roadhazard
roadhazard's picture

Pirates of the Aegean.

Tue, 07/21/2015 - 10:29 | 6336854 Consuelo
Consuelo's picture

 

 

I never could figure out the heavy eyeliner thing...   Did ye old pirates of the day actually slap on eyeliner - like Mr. Depp...?

Tue, 07/21/2015 - 10:34 | 6336871 dexter_morgan
dexter_morgan's picture

nah, he's just a closet homer sexual

Tue, 07/21/2015 - 11:29 | 6337167 J Jason Djfmam
J Jason Djfmam's picture

Doh!

Tue, 07/21/2015 - 10:34 | 6336874 roadhazard
roadhazard's picture

Black Beard used to tie lit fuses in his beard before boarding his new prize. He couldn't do that today with the insurance thing and all.

Tue, 07/21/2015 - 19:53 | 6339444 StychoKiller
StychoKiller's picture

It's there for the same reasons football players put black stripes under their eyes (it cuts down on glare!)

Tue, 07/21/2015 - 11:32 | 6337174 J Jason Djfmam
J Jason Djfmam's picture

Beware Dennis Hopper and the Smokers.

Tue, 07/21/2015 - 10:25 | 6336838 A_latvian
A_latvian's picture

Oh, to be a rich socialist these days. The sky is certainly the limit.

Tue, 07/21/2015 - 10:39 | 6336891 falak pema
falak pema's picture

If Depp and Buffet are socialists then Varoufakis phucks seals instead of his blonde misses.

Wed, 07/22/2015 - 12:53 | 6341749 A_latvian
A_latvian's picture

Croney Capitalists and Limosine Liberals == Socialists.

Tue, 07/21/2015 - 11:01 | 6337013 Comte d'herblay
Comte d'herblay's picture

....and pink.

Tue, 07/21/2015 - 10:27 | 6336846 Consuelo
Consuelo's picture

Imagine that...    When the 'poor & downtrodden' are actually really 'poor' and really being trodden upon, what are the Elite doing...?    Watch how this shit is spun once word gets out.

Tue, 07/21/2015 - 10:29 | 6336850 Omega_Man
Omega_Man's picture

I guess they will run when the revolution starts. The greeks shall be paddling in their boats to take back the nations assets. 

Good luck Johnny. 

Tue, 07/21/2015 - 11:00 | 6337011 Comte d'herblay
Comte d'herblay's picture

The character of the Greek people and others has long since debilitated to dependency.  

An armed take over by 'the people' is an antediluvian notion that 'nurture' has bred out of them.

Ditto here in the US.

Tue, 07/21/2015 - 10:30 | 6336860 I am a Man I am...
I am a Man I am Forty's picture

Your own Greek island sounds cool but it's probably a pain to get to, infrastructure is non existent, and things like getting gas, food, going to a restaurant, etc. just not gonna happen.  I wouldn't buy anything where I can't get to a bar.

Tue, 07/21/2015 - 10:33 | 6336868 dexter_morgan
dexter_morgan's picture

All the kind, open-hearted, thoughtful caring people always show their true colors when the opportunity arises. Fuck the Greek people, I'm gettin me an island!

Fucking limousine liberals are fucking repulsive.

Tue, 07/21/2015 - 10:33 | 6336869 Conax
Conax's picture

A pile of sand and rocks out in the water. No power, sewage, plumbing, restaurants, no roads for the Bimmer, no chicks, and no clubs.

I'd rather have a large yacht and visit lots of islands someone else has to worry about.

When the Greeks finally get the red ass, those rich mummies will be on the first plane back to Amereeka with that haunted look on their faces. 

Tue, 07/21/2015 - 10:35 | 6336880 10mm
10mm's picture

Another old man who can's live and pass on the baton. They stay in the racket till death. Sad.

Tue, 07/21/2015 - 10:36 | 6336881 falak pema
falak pema's picture

Sounds like the sort of place you could run into Honest Ann's dishonest sister! 

Tue, 07/21/2015 - 10:39 | 6336895 dexter_morgan
dexter_morgan's picture

They do like their sheep and goats..........or so I hear

Tue, 07/21/2015 - 10:42 | 6336915 DiogenesTheCynic
DiogenesTheCynic's picture

Maybe the Greeks should pay these 'suitors' a visit, Odysseus style!

 

Tue, 07/21/2015 - 10:45 | 6336935 Joe A
Joe A's picture

I don't see any nice beaches on these islands.

Tue, 07/21/2015 - 10:57 | 6336990 Comte d'herblay
Comte d'herblay's picture

Where'e the sand?

This is a lousy bunch of photos OR they really are devoid of "sandy beaches", unless "Sandy" is Clintonspeak.

Tue, 07/21/2015 - 11:06 | 6337042 ross81
ross81's picture

maybe Tsipras could start selling off all the country's sand too.

Tue, 07/21/2015 - 11:37 | 6337201 J Jason Djfmam
J Jason Djfmam's picture

Got frack sand?

Tue, 07/21/2015 - 10:47 | 6336949 Blitzkrieg77
Blitzkrieg77's picture

I'm getting a kick out of these replies because I bought a nicely developed tropical island after Zero Hedge linked Private Islands Online. When the economic shit hits the fan I'll be happily crawling up coconut trees while you guys are crawling into dumpster bins.

Thanks, ZH! I <3 you.

Tue, 07/21/2015 - 11:34 | 6337185 J Jason Djfmam
J Jason Djfmam's picture

May a flaming oil tanker wash up on your shores.

Tue, 07/21/2015 - 10:48 | 6336953 fowlerja
fowlerja's picture

Warrn Buffett's thought process... a forest burns down. It is a terrible thing to happen. Mother Nature comes in and gradually restores the forest with new life ..building from the ashes that once existed. Think of me (Warren Buffett) as Mother Nature. I am going to take a barren island and create a new real estate development... You should be proud of me... 

Tue, 07/21/2015 - 10:58 | 6336995 Conax
Conax's picture

Every board, nail, sack of concrete, shingle and pipe will have to be freighted there on ships.  There's no docks so the marina will have to be built first, oops, better put in the diesel fired power plant first, oops, without a dock you can get no fuel over there.. No labor, they will have to be shipped to the rock and fed and watered and partied, too.  Don't forget the backhoes and D-8s. Dang. The mind wobbles.

No way this is a good idea, or it would have already been done long ago.

 

Tue, 07/21/2015 - 11:36 | 6337195 J Jason Djfmam
J Jason Djfmam's picture

Always with the not leaving it as nature intended.

Tue, 07/21/2015 - 13:31 | 6337722 skepsis101
skepsis101's picture

Call the Chinese.  They'll get it done in two weeks!

Tue, 07/21/2015 - 10:48 | 6336954 Omega_Man
Omega_Man's picture

 This is quite obscene - all hands attack Johnny! 

So with this rationale, Hawaii, CA, FLA will go to China. 

Greeks should be gathering arms. Where are the Spartans? 

GLORY !!! VICTORY!!!

Do NOT follow this link or you will be banned from the site!