Energy Future bid | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com He who makes a beast out of himself gets rid of the pain of being a man. Wed, 12 Jul 2017 05:45:00 +0000 en-US hourly 1 https://i0.wp.com/wallstreetdealmaker.com/wp-content/uploads/2018/12/pitbullgif.gif?fit=32%2C22&ssl=1 Energy Future bid | Wall Street Financier: Notes from High Altitude© https://wallstreetdealmaker.com 32 32 155119938 Warren Buffett vs. Paul Singer https://wallstreetdealmaker.com/2017/07/warren-buffett-vs-paul-singer/ https://wallstreetdealmaker.com/2017/07/warren-buffett-vs-paul-singer/#respond Wed, 12 Jul 2017 05:45:00 +0000 http://wallstreetdealmaker.com/index.php/2017/07/12/warren-buffett-vs-paul-singer/ Those of you working on Wall Street are aware of upcoming battle of the giants between Berkshire Hathway’s Buffet and Elliott Management’s Singer over the future of now bankrupt Texas utility company TXU. A iconic buyout era remnant, TXU has since defaulted is is now known as Energy Future. (Reuters) … Continue ReadingWarren Buffett vs. Paul Singer

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Those of you working on Wall Street are aware of upcoming battle of the giants between Berkshire Hathway’s Buffet and Elliott Management’s Singer over the future of now bankrupt Texas utility company TXU. A iconic buyout era remnant, TXU has since defaulted is is now known as Energy Future. (Reuters)

Elliott is the largest creditor to Energy Future. A subsidiary of Energy Future, Oncor, is the largest public utility in Texas, with 10 million customers. So who gets to own that ?

Warren Buffet is the world’s wealthiest and most celebrated investor. An iconic figure, Buffet dislikes hedge funds for wasting client’s money (CNBC) yet he operates like a huge long-only hedge fund the only difference is he is using his own money, not investor money. He sounds a lot like a wolf in sheep’s clothing.


Because of sheer size and might, Buffet is a hard act to match. Because he has the nod of the state regulators, Buffet seems favored. Will Elliott’s higher bid force Buffet to improve his offer ?

The better question is: who’s baiting whom ?

Warren Buffet is the 800 pound gorilla that puts on makeup everyday to look lovely and harmless. -Max Cantor


No, you won’t read that on Reuters or Bloomberg, or anywhere else for that matter. It’s ironic how the world’s first hedge fund, Berkshire, is also arguably the most powerful and most profitable. Just don’t call it a hedge fund.

Do you want to figure Buffett out ? (You and 500,000 others). Then, answer this question:

What is Buffett’s blindspot ? 
If you can answer that question which I answered many years ago, you would have him figured out.

How does it look now ? Better ?

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