Even Buffett Can’t Escape Markets, Storms; Berkshire Profit Falls 77%

November 10, 2008

  • November 10, 2008 at 1:40 am
    Bill says:
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    Oh well, We should have figured it out that Warren had lost his freakin mind when he endorsed Obama.

    Lets see hmmm. Higher taxes, More Government programs, liberalized union laws, If you would have listened to Buffet you would have bought GS Goldman Sachs at $150. and got on board for this total collapse. Nows the time to buy and forget Buffet, He is senile.

  • November 10, 2008 at 2:27 am
    bart says:
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    I hope the gecko drowns in his own debt. The cavemen shall rule!

  • November 10, 2008 at 2:37 am
    Supporter says:
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    Bill, did you see the word profit in the article.
    While yes it is down, but profitis profit.
    You must be a farmers guy!

  • November 10, 2008 at 2:56 am
    bill says:
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    Warren had his day, The days of Benjiman Graham, Robert Fisher- value investing for the long haul have their validity, but I will not be taking Warrens advice after his support for Obama.

    1929 we had a stock crash, we went into a deep recession. (Thats right a recession not a depression) We would have recovered had it not been for the 1933 Tax increases on the wealthy and government protectionist policies put in place in 1933. Obama is planing on doing just that as a solution. The last time we were facing this same thing we went into a depression. Unemployment 24.9% 1934.

    No thanks Warren Buffet for your endorsement of Obama. Wrong tax & export/import policies.

  • November 10, 2008 at 3:52 am
    dum dum says:
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    you had your way for 8 years don’tlet the door hit you in the *** on the way out….get out of the way we have some serious re buiding to do nationally and internationally

  • November 10, 2008 at 4:58 am
    Anon says:
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    Get out of the way? Like there’s some kind of mandate here or something to give Obama the reigns? Keep in mind, he only got 52% of the popular vote… that’s enough to win (and he’s my president now) but that’s not enough to call it a mandate that we want him to do whatever his little heart desires.

    Why is it when Obama gets 52% of the popular vote is a mandate of unity but when Bush pulled 50% it was a sign that the country was divided.

    Why is it that when Bush won the presidency in 2000 on one electoral vote it was a sign that the electoral college was outdated and shouldn’t count but when Obama gets a vast majority of the electoral vote it’s proof of a landslide.

    Obama won. He’s our president. That does not mean we should get out of the way and ignore the man pulling the strings any more than the rest of you did that for the last 8 years with Bush.

  • November 11, 2008 at 8:07 am
    Stat Guy says:
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    I am sick of reading this drivel posted as some type of real thought. The current administration is STILL in office, how can you tie any of the decline in Berkshire’s profit to the president-elect. If for ONE would prefer that these posts stay on message and drop politics altogether. I don’t know about you but do you honestly think that we are better off now, after eight years of “conseratism” in governance? We relied on the good will and good business sense to guide these markets, only to find that it came down to betting and commission grabbing and just plain GREED run amock! And who do you blame? I say look in the mirror, where you’ll find the culprit: you paid your money and took your chances, don’t try to say it is someone else’s fault…

  • November 11, 2008 at 8:11 am
    Stat Guy says:
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    So you want to have it both ways? ….”that’s enough to win (and he’s my president now) but that’s not enough to call it a mandate that we want him to do whatever his little heart desires.” When Bush won in 2004 he informed the press that he had a mandate and earned some political capital, and he was going to spend it! The SHOE is on the other foot now, you should have been careful when you were doing the kicking….

  • November 11, 2008 at 8:18 am
    Reagan says:
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    Hey Stat guy, do some homework. Bush is the farthest thing from a conservative. He gave away more welfare programs than Clinton or Carter could have dreamed of! Yet, for some reason, the minority, inner city liabilities hate him. He may be a Republican but he is no Conservative

  • November 11, 2008 at 11:58 am
    Doug says:
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    Actually Obama doesn’t need a mandate, he will do whatever he wants because all of your Republican senators were voted out too!!

    HAHAHA!!!



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