Pay attention: he wants you to buy stocks .. He's already lost tons of money ... AXP, KO, PG, GE, and on and on ...
Not until now. His "the market always recovers" trick might not work for the next 10 years. Besides, he is practically investing with what is to him play money. So what if he loses 5 billion... no big deal. It's just a game for him now. Most others however depend on returns for their bread and butter. That's a major difference.
Cutten, you had mentioned that you will be keeping tabs on regular intervals. Whats the latest "score"?
Berkshires Hathaway returns are available on their site 1/1/2008 - 9/30/2008 : + 0.8% http://www.berkshirehathaway.com/qtrly/3rdqtr08.pdf Previous Results ... 2001 : - 6.2 % 2002 : + 10% 2003 : + 21% 2004 : + 10.5% 2005 : +6.4% 2006 : +18.4% 2007 : +11% http://www.berkshirehathaway.com/2007ar/2007ar.pdf We will have to wait for the first ET member to accumulate a few billion dollars first and then prove he is smarter to achieve higher returns managing a multibillion dollar portfolio. It will be an interesting competition .