Warren buffet has lost almost 18 billion dollars in 1 week

Discussion in 'Wall St. News' started by peilthetraveler, Oct 10, 2008.

  1. BRK-A was 140,900 per share a week ago(oct 3). Now its 107,900 meaning he's lost about 17.9 billion in 1 week.

    So he is losing about 107 million dollars per hour or 1,780,000 per minute...or break it down one more time to 29k per second. Imagine looking at your IB account and seeing it deplete at 29k every second.

    So just imagine that ever 7 or 8 seconds, buffet lost enough money to buy an average home.
     
  2. BRK had been holding up nicely during all of this up until about 3 days ago.
     
  3. I heard Warren Buffter was only a paper trader and doesnt own a single share.
     
  4. poyayan

    poyayan

    That tells you mutual funds are dumping the baby out with the bath water.

    Not only BRK-A. There are plenty of solid stock getting whack right now..:)
     
  5. I doubt Buffet cares too much.
     
  6. He probably doesn't but the I'm sure the Bill and Melinda Gates Foundation is sweating it.
     
  7. Maybe we should take up a collection for him...
     
  8. and now, 2 minutes Buffet

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  9. eagle

    eagle

    Buffet continues to live in his same old house and to have same life style. So care about your own wealth instead of his.
     
  10. one things for sure....he hasnt been on the horn with becky from his plane overhead.... :D he dont want to show his face for a while....stock trader style...:D
     
    #10     Oct 10, 2008