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Saturday, December 20, 2008

Berkshire/Buffet , not a slam dunk investment afterall, or is it?

In tough market conditions many wonder if they should invest in Berkshire , the reasoning is he a living legend who never gets it wrong.
But in recent times he has been wrong a lot, just google it, or check out the links below.
The media loves to praise him and talk as if he is Mr. Right in investment all the times. Maybe the media wants someone like this , but do not forget , he recently invested around $5 billion in Goldman Sachs when GS was at $115 and also to GE when it was at $22 or so. Well GS is at 80 now after touching $60 2 weeks ago and GE is at around $60. But of course he gets a huge dividend.

http://www.thestreet.com/story/10447422/1/kass-warren-buffett-has-lost-his-groove.html

http://www.schaeffersresearch.com/plus/archive_commentary.aspx?ID=88927

Now I do believe he has been great in the past, but he is not Right all the time like the media would like you to think.
So before blindly investing in Berkshire and buying whatever Buffet buys, think.

BUT acc. to this blog if you invested in wat he invested , after he made it public, then you make money too, just by imitating his picks.
NOW HOW ABOUT THAT?

http://worldbeta.blogspot.com/2008/12/let-warren-buffett-manage-your.html

To be fair , I found the above at the following Blog by Jeff Miller.

http://oldprof.typepad.com/a_dash_of_insight/2008/12/market-curiosities.html

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