Make Buffett US treasury secretary - like many have been touting these last months ... It would be a great laughing matter for the future. No one alive have seen markets like these now.
You obviously have ZERO clue about the facts. Buffet has been sitting on $40 bln of cash from 2004 to 2008. He stubbornly refused to invest at Dow 14,000 because he said he has trouble finding 'cheap enough' opportunities. He put around $20bln to work in 2008, most of that in the last 2-3 months.
First 9 months 2008 : +0.8% http://www.berkshirehathaway.com/qtrly/3rdqtr08.pdf 1964 - 1981 : Dow from 880 to 880 (0% return) (is this a definition of a bear market?) Buffy + 2800% return between 1964 and 1981. Doing it since May 2006 http://money.cnn.com/2006/05/05/news/newsmakers/buffett_050606/index.htm I hope you are joking.
wow! this thread made me realize that all the people on ET are so smart, and Buffet is so stupid and he doesn't even know how stupid he has been all these years.
It's hilarious that some of you are talking shit like you know better than Buffett. ROTFLMAO!!! Typical ET! Guess what? Even if the market declined 99% from here he'd still have WAY more money than the combined net worth of everyone who has ever posted on ET.