He has mentiontioned several times the counterproductive, amateurish job Team Obama is doing. He seems to have the same buyers remorse as with the COP purchase, etc.
For whatever reason Buffett no longer seems to be doing his meticulous homework.
Many things conspiring agains the business model?
Perhaps a drying up of volume if we settle into a long protracted bear market? Obama's Wall street versus Main street rants? Reinstitution of the uptick rule? The .25% transaction tax? Increase in capital gains tax?
The new world...