Wednesday, July 2, 2008

Don't Doubt Me

On December 29th, 2007, Bill said this:

I have deep respect for Warren Buffett. I like it when a billionaire lives in his small house in Omaha, drives a domestic sedan with a license plate ‘thrifty’, and denounces the tax havens the rich enjoy.

But he’s lost it.

Brick Oven subsequently went on to recommend gold, ammunition, and real estate in free and relatively stable Central American countries. All three of these picks have increased in value since.

Today, Bloomberg said this:

It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped almost 20 percent since December.


George said...

All this recent public activity of the normally-reclusive Mr. Buffet seems to be a PR move aimed at defusing complaints about the poor performance of the Berkshire-Hathaway Group.

Hedge funds, unless they are heavily invested in oil futures trading, just can't perform in the rapidly-sinking economy. Nor can equities or bonds, for that matter.

We're all just along for the ride at this point in our history.

Bill said...

At least we can enjoy the ride George, at least we can enjoy the ride.

To interesting times.