I was involved with similar trades at JPMorgan and Citi. Investment bankers gave these presentations to hedge funds to convince them to short the housing market. Then, they created a CDO, called the hedge fund the "manager" and tried to dump the bonds on Asian and Middle Eastern investors.
Would this have convinced you to short home equity mezzanine tranches in 2007? I'd like to think I'd have had the foresight to see what was coming if someone was pitching it to me like this. If I'm being honest however I'm not sure how convinced I'd have been by these slides.
On your site you have the brk reports back to 1965, but I think all are availalbe from public sources.<p>Here is 57 though 2012. If I'm mistaken and this looks like its from one of the books let me know and I'll take it down.<p><a href="https://send.firefox.com/download/9a64844c1321c00c/#aKJwkyJh6X6IUmva-PzxdQ" rel="nofollow">https://send.firefox.com/download/9a64844c1321c00c/#aKJwkyJh...</a><p>Thanks for the share that is the subject of the post.<p>Edit for clarity: Early ones are Buffett Partnership, NOT brk.