Is This the End of Warren Buffett? (The Oracle of Omaha is losing his touch)

TheStreet ^ | Jan 27,2009 | Doug Kass

[bronxboy]

Considering the deception involved, I don’t blame. These banks were out and out liars.

[allmost]

At least three of the six examples are financial institutions. Buffet wont lose $. He’s getting kickbacks from Congress as we speak. His holdings might devalue in the short term, but this is the true purpose of this bailout BS. Theft on an historical scale by ‘connected’ individuals.

[G Larry]

I hate it when I only have $23 Billion left!

[rfp1234]

Buffett is Keynes, Version 2.0.

[rfp1234]

[muawiyah]

The entire market dropped. Berkshire is not immune. I am sure Buffett understands that even if Kass doesn't.

Is this Kass related to Bernie Kass?

[elkfersupper]

No mention of the cash position.

There are a lot of publicly-traded companies these days whose cash position exceeds their market capitalization.

Weird, isn't it?

[shoedog]

Well I am sure he blames all the problems on Bush. We will see how his “hand picked” successor does.

[Carl LaFong]

Mother of mercy!.....

[Taffini]

Berkshire’s shares have fallen from $145,000 a share to $85,000 a share

++Am I reading this correctly, one share of stock can cost $145,000. each?

[coloradan]

Yes, he never split the stocks as so many other companies have.

[johnnycap]

He backed Obama. Evidence enough that he has lost his ability to evaluate the veracity of things.

Nuf said.

[PVT4evr]

Yes, assuming a company doesn’t do stock splits (Berkshire doesn’t), your price could grow....well forever. It’s one way to discourage day traders from dealing in your shares. Most companies split their stock at a certain point in pricing, giving you 2 shares for what you had before, and then the price stays in a certain range.

[coloradan]

If MSFT had never split, it would have been worth $17,288 per share at it’s peak. It’s about one third that now. It has split 3:2 twice, and 2:1 seven times, according to Yahoo.

[Post Toasties]

I understand Buffet is a big 0bama supporter. He has nobody to blame but himself.

[arrogantsob]

What is that nonsense supposed to mean?

[packrat35]

Coca Cola, Burlington, and Conoco will eventually go back up. The rest may go bankrupt.

[Gondring]

His holdings might devalue in the short term, but this is the true purpose of this bailout BS. Theft on an historical scale by ‘connected’ individuals.

Of course....but how do we get the electorate to see this and get outraged?

[DuncanWaring]

Not anymore.