May be the best is George Soros .. regards
On Fri, Nov 21, 2008 at 3:32 PM, Hendrik Limbono <[EMAIL PROTECTED]>wrote: > Berkshire Hathaway Down Almost 50% From All-Time High As Stock Sinks > Again > Posted By:Alex Crippen<http://us.mg2.mail.yahoo.com/id/15837548/cid/97555> > Topics:Warren Buffett <http://us.mg2.mail.yahoo.com/id/15837548/cid/97344> > Companies:Berkshire Hathaway > Inc.<http://us.mg2.mail.yahoo.com/id/15837548/cid/103655> > > After falling for nine straight days, shares of Warren Buffett's Berkshire > Hathaway have dropped almost 50 percent from their all-time closing high set > last December. > > Berkshire closed today at $77,500 a share, down $6,500, or 7.7 percent. > It's a fresh three-year low. > > That's down 48.1 percent from the all-time closing high of $149,200 set on > December 10, 2007. > > Berkshire fell as low as $74,100 in today's session. At that point, it > was 51.1 percent below its all-time intraday high of $151,650. > > The stock has ended lower for nine straight days, following Berkshire's *third > quarter earnings report <http://us.mg2.mail.yahoo.com/id/27596402/>* on > November 7, which revealed lower operating profits and big paper losses for > stock option contracts. Berkshire has lost almost a third of its value > since that date. > > Yesterday's 12 percent plunge was the *stock's worst day since Black > Monday in 1987 <http://us.mg2.mail.yahoo.com/id/27810126/>*. > > Warren Buffett's reputation as the world's greatest investor means the > stock's big fall is getting lots of attention. > > The Wall Street Journal's Marketbeat blog asks *Would Buffett Find > Berkshire a > Value?*<http://blogs.wsj.com/marketbeat/2008/11/20/would-buffett-find-berkshire-a-value/> > > Harry Rady of Rady Asset Management in San Diego answers, "The insurance > business, which is a significant portion of their earnings, is a very > cyclical business. With everything else at an extremely significant > discount, I see a lot more downside. There is so much opportunity to buy > assets for 50 cents on the dollar, why buy a dollar for a dollar because > Warren Buffett runs it?" > > Reuters has a news analysis piece headlined *Is Warren Buffett Losing His > Touch?* <http://www.reuters.com/article/reutersEdge/idUSTRE4AJ83K20081120> > It quotes Vahan Janjigian, the author of the recent book *Even Buffett > Isn't Perfect. *"Everything you're seeing that affects other companies is > eventually going to catch up with Berkshire. I'm not saying Berkshire is > not well-run, but that even well-run companies will be hit in a severe > recession." > > Reuters quotes Buffett-fan *Whitney Tilson <http://www.tilsonfunds.com/>* as > saying "we're buying Berkshire like crazy." He argues that "investors are > looking at the derivative exposure, seeing Berkshire marking losses, and it > reminds them of AIG and other companies whose derivative exposures got them > into trouble. They are coming to the insane conclusion that Berkshire faces > similar risks." > > Tilson expands on his Buffett defense in a detailed Seeking Alpha post > headlined *Berkshire Hathaway Credit Risk, Index Puts Are Overblown > Worries<http://seekingalpha.com/article/107153-berkshire-hathaway-credit-risk-index-puts-are-overblown-worries> > **.* He writes, "It's impossible to rule out unexpected surprises for any > company, but anyone who's studied Buffett will surely take comfort in his > 50+ years of conservatism and openness with his investors." > > His conclusion: "Berkshire's freefall in the past few weeks is certifiably > crazy – and a buying opportunity that will long be remembered." > > > >
