RE:RE:RE:RE:RE:RE:Lots of people got burnt catching this falling knifeYup not a perfect situation. But don't forget the buffett backing liquidity. Essentially buffett is betting that there may be some short term issues, but long term financial assets make a huge return on equity. So if the crash doesn't come or it's not as big as the master shorts predict, he triples/ quadruples his money. There is simply no one on the planet that knows if a crash is coming. It's too hard to predict and shorts have been wrong about Canadian housing for like 10 years. There are only probabilities at this point. Even if it were 50/50, if you bet with buffett and there is no crash, you make 2-3x your money. Risk a dollar to make 2-3 is a statistically good game to play over the long run even at 50/50 odds. If I'm wrong, I don't feel any remorse. But shorts who think they are smart are actually just gamblers who are suffering from a cognitive bias.