Aren’t we all having issues with the current “Recession”. Now Warren Buffett and Berkshire Hathaway Inc is having theirs.
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Aren’t we all having issues with the current “Recession”. Now Warren Buffett and Berkshire Hathaway Inc is having theirs. Isn’t it logical with stocks falling harder than rocks that even the Oracle of Omaha would be impacted. This is the fifth-straight profit drop, the longest streak of quarterly declines in at least 17 years, on losses from derivative bets tied to stock markets. Berkshireג€™s fourth-quarter net income fell 96 percent to $117 million.The Book value per share, a measure of assets minus liabilities, slipped 9.6 percent for all of 2008, the worst performance under Buffettג€™s career. Both declining values of derivatives and the stock portfolio led to the downturn. Berkshire shares have plunged 44 percent in the past year. Will Warren Buffett make the same mistakes as GE and MS? Warren Buffett has stated you know who is swimming without a bathing suit when the tide comes in… Well another Madoff Copy Cat has been revealed without his bathing suit and without about $400 million dollars of clients money.Nicholas Cosmo from Agape World Inc ran a ponzi scheme in the commercial mortgage lending arena. He [...] |
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