With nearly everyone and their brother lately questioning the investment prowess of Warren Buffett, it looks as though the shorts have finally broken the back of Berkshire Hathaway stock (BRKa). After riding out most of the credit crisis and actually benefiting from it for awhile, the stock has finally succumbed to the pull of the overall market and broken below $100K for the first time in over two years. It's amazing how index derivative contracts are coming back to haunt the man who once called them 'financial weapons of mass destruction."
Wonder how he feels about the long-dated puts that he sold... or the warrants on GS and GE?
Posted by: David Merkel | November 13, 2008 at 02:57 PM