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Author: TheFeaz Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1933  
Subject: Re: Financial stocks Date: 4/26/2005 11:08 PM
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I'm with you StevnFool! I don't think there's any way for an outsider to truly understand what the risks are for fin companies, particularly when they use derivatives (and most/all do) - DRL is a case in point. Even WEB says there's no amount of reading anyone (even he himself) can do to understand what will happen to a firm's earnings/income/obligations if they hold a 'basket' of these instruments. In this year's AR, he called them "weapons of financial mass destruction".
Feaz
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