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.
Posted by Bill at 10:34 AM