Subject: Re: "Available for sale, held to maturaity"
Thanks for the reply. I understand the meaning of "Available for sale, held to maturity" for bank securities. I was trying to understand why Buffett displayed it. He seems to imply something else. Maybe just a joke "I'm available for sale, Charlie should be held to maturity". Maybe he meant if the banks securities were held to maturity it would be fine, but have to be sold at lower price, and that's the essence of the current banking crisis. For large banks that have sufficient capitals and unlikely to see deposit outflow, their stocks maybe a good buy.