CNBC: The "End" of Warren Buffett

[Loki]

Warren Buffet is a genious, one does not get to be one of the best invesors of all times only by luck.

However the fact that he is still holding on it is something that might work for him, you can do what he does yet get very different results.

 

[JB3]

I would laugh if Buffett put on a short squeeze on Kazz.

 

[Imagine]

i would laugh if Buffett just put in a market order on all of his holdings and when CNBC asks him why did he dump his entire portfolio

he answers

Because i can

 

[matgallis]

oh noe's, unrealized losses are bad!

He doesn't use the leverage like banks do. He's fine

 

[crgarcia]

Quote from MachM1:

Just days after renewing his public criticism of Warren Buffett's current investment strategy and situation, the well-known short seller Doug Kass is out with a very bearish outlook for Berkshire Hathaway shares.

And this time he's not just making a short-term prediction as he did last year when he bet against Berkshire's stock for several months and then covered that bet at a profit.

Today on TheStreet.com, Kass asks, "Is This the End of Warren Buffett?"

Based on reported Berkshire holdings as of September 30, and the stock moves since then, Kass estimates:

Wells Fargo: $6.3 billion lost on 290 million shares

American Express: $2.9 billion lost on 151 million shares

Coca-Cola: $2.1 billion lost on 200 million shares

Burlington Northern Santa Fe: $1.8 billion lost on 63 million shares

ConocoPhillips: $1.5 billion lost on 60 million shares

U.S. Bancorp: $1.5 billion on 73 million shares

http://www.cnbc.com/id/28877530

Berkshire Hathaway is a mutual fund.
The best mutual fund, he has constantly outperformed the S&P 500.

Of course, like any mutual fund, when indices go down, so does the mutual fund.

The S&P lost about 37% in 2008, BRK-A lost 34%, outperformed the S&P by 3%.

 

[Optionpro007]

Buying at 70 cents on the dollar has paid very well over the last 30 years.

Wonder what today's dollar will be in 5 though.

 

[Free Thinker]

the funny thing is cnbc bashes buffett and yet promotes cramer as one of the best on wall street.

 

[oddiduro]

Buffett was an old has been in 1999 too. I mean, here he is buying carpet companies when RMBS is trading at 600 and MSTR was trading at 200.

Old fart.

 

[trader3cnd]

Accounting is dead

 

[stock777]

Quote from vhehn:

the funny thing is cnbc bashes buffett and yet promotes cramer as one of the best on wall street.

yeah, but Craptor could buy and sell ya.

what does that indicate?