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OMAHA, Neb. His annual letter to Berkshire Hathaway Inc. , shareholders detailed a 62 percent profit drop last year, the worst of his 44 years leading the holding company. But in between the news of Berkshire's sharply lower profit and its nearly $7.5 billion... Full Article at WDIV
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Warren Buffett says the economic turmoil that contributed to a 62 percent profit drop last year at the holding company he controls is certain to continue in 2009, but the revered investor remains optimistic. OMAHA, Neb. Full Article at Houston Chronicle
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NEW YORK - Billionaire investor Warren Buffett predicted Saturday that "the nation's economy will be in shambles throughout 2009" and probably "well beyond." Full Article at MSNBC
Related Quotes
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Ajit came to Berkshire in 1986. Very quickly, I realised that we had acquired an extraordinary talent. So I did the logical thing: I wrote his parents in New Delhi and asked if they had another one like him at home. Of course, I knew the answer before writing. There isn't anyone like Ajit
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Whatever the downsides may be, strong and immediate action by government was essential last year if the financial system was to avoid a total breakdown ... Had that occurred, the consequences for every area of our economy would have been cataclysmic. Like it or not, the inhabitants of Wall Street, Main ...
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This is not desirable from a safety standpoint
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The economy will be in shambles throughout 2009 — and, for that matter, probably well beyond
