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3 O'Clock High: Celebrity Mailbag

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I feel so dirty when they start talkin' cute...

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Minyan Jesse (once a friend) writes:

Prof. Macke,

I enjoyed watching you do your thing on the TV last night*. However, I thought I should let you know that despite losing $1 billion on his currency investments last year, Buffett is actually still $2 billion in the black on the position, according to his latest annual letter.

Keep up the unique (in a good way) commentary,

-Minyan Jesse



* [Author's Note: I did an On The Money segment on CNBC last night during which I suggested something to the effect of Buffett's dollar bearishness having been a losing trade.]



While I understand your confusion, Jesse, I stand behind my assertion that it was implicit within the context of the segment (me pulling something out of my backside then stating it firmly, ideally without adding a subconscious "upspeak" question tone at the end of it) that I was speaking only of the 12 months ending December 31, 2005.

So, OK, if you want to pick gnits over a couple billion dollars I suppose I see your point.

Quibbling or not, I'm glad you included a link to the Berkshire Hathaway annual letters. I strongly advise those who have never read Mr. Buffett to make a point of doing so. Great stuff from an indisputable legend.

On a related point, if my schedule permits I'll be back On the Money again tonight, with Dylan Ratigan and Roger Tutterow. I'll be taking the stance that the vast majority of people are wasting their time by listening to soundbites from people like Warren Buffett and Boom Boom Bernanke. 7pm East Coast time, again, if the timing works out.

Let me know if you and your girl have the chance to be watchin' me (with those eyes).



Macke
-Shameless (in a generally good way)





Minyan Snubster Wendy writes:

Hey, Jeffmacke. What have you been doing with your time these days? You must be up to something since you obviously haven't written anything decent in weeks.



One thing I've learned about this whole "Plotting and Creating a Global Empire" thing; it's surprisingly time consuming.

So... you know... doing that and filling out my bracket.
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