Thursday, April 9, 2009
Old timer who won in the world’s longest bull market not doing so well in the bear market
Buffett loses top credit rating
Has the old sage lost his touch? Not so long ago he was saying, "US equities have never been so cheap", or something along those lines, and buying in. But goes to show that even the best pundits can't keep getting it right forever.
Posted by doom&gloom @ 04:49 PM (924 views)
4 thoughts on “Old timer who won in the world’s longest bull market not doing so well in the bear market”
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51ck-6-51x says:
He trades the fundamentals, so is never going to do particularly well going into a recession unless he is lucky or uses some macro-economic model to work out what to get out of and in to. Coming out of a recession, however, I imagine he’d do better than most… we may never see as he may retire (again) before the recovery.
little professor says:
Buffet’s ‘buy’ call in October 2008:
http://www.nytimes.com/2008/10/17/opinion/17buffett.html
timmy t says:
Is it just me or has anyone else lost interest in the rating agencies opinions?
icarus says:
Stakes in Irish banks????????????