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Buffett’s $40 Billion Bet on Volatility
By Andrew Mickey, Q1 Publishing
Warren Buffett’s track record is unmatched. His recent bullishness on stocks has been unmatched as well. Over the past few weeks, the market has made him pay for being bullish in a bear market.
Whether it’s justified or not, Berkshire Hathaway (NYSE:BRK-A) has finally started to get hit by the sell-off. Yesterday, shares of Buffett’s holding company slid 11% and fell another 12% in early morning trading this morning. The most cited reason from the slide was nervousness over Buffett’s recent $40 billion gamble.
You see, Buffett’s not just buying stocks he likes when they’re undervalued. He’s doing…
21Nov2008 | Q1 Publishing | Comments Off | Continued
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