Discussions

Is Warren Buffett Losing his Touch?

Posted by jackpayne • 11/09/08 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: world financial crisis

Warren Buffett, The Oracle of Omaha (Nebr.) IS human. His Berkshire-Hathaway Holding Co. lost 77% in the 3rd quarter this year compared to the same quarter a year ago.

Poor Warren. Hope he can avoid standing in a bread line, or eating in a soup kitchen. Berkshire's profits are down from 4 1/2 billion dollars to a mere 1 billion.

If the richest man in the world is suffering to this extent, Heaven help the rest of us.

What say you?

User Comments

11/09/08

asksmartin

remember the tech bubble burst? he proved everyone who thought he lost his touch wrong.

i think he will bounce back pretty soon

[reply]
11/09/08

drjay1966

I suspect he's a few billion a way from anything such as we would recognize as suffering...on a financial level, that is.

[reply]
11/09/08

csiunatc

I wouldn't be surprised if he bouces back eventually. he has enough capital to start over in most situations. But lately he has been nothing but wrong.

[reply]
11/09/08

libdrone

he's Still a great deal richer than you or I and he even seems to have a plan to get things fixed so they can get rolling again

[reply]
11/09/08

jackpayne

Warren passed up Bill Gates some time ago to become the world's richest man. Now he invests 8 billion dollars in Goldman, Sachs (one of only 2 remaining investment banks in the country), and undergoes this humungous 77% loss. I'd say you sure gotta wonder--is dementia setting in? What else can these recent blunders mean?

Does any of this sound rational to any of you?

[reply]
11/09/08

jafabrit

I don't think anyone can be protected from loss in this climate, a global crisis that is bigger than one person.

[reply]
11/09/08

jackpayne

In the remote chance that the Oracle, Warren Buffet, goes down, I wonder what will happen to Geico. (Did you know that Geico is one of his insurace company holdings?)

These ads fill the TV airwaves. What will happen to the cavemen, the Geico Lizard, the clebrety interpreters, and all the other quirky characters in the Geico commercials.

[reply]
11/10/08

bloggernoob

warren who?

[reply]
11/10/08

witewood

It's way past time he retired. But I guess it's not really his fault, it's the people who listen to him. By that, I mean if you don't do your own personal research into investing, you cannot complain if it goes pear shaped.

[reply]