Mar 04
2009
Even world’s greatest investor is not spared from the US financial meltdown
Filed Under (Finance Help) by Admin on 04-03-2009
World’s greatest investor and one of the richest men in the world Warren Buffet said that he did some dumb things in 2008 investment that saw his share price lose almost half its value in one and a half years. In his annual letter to Berkshire Hathaway shareholders, Warren Buffett says he did some “dumb things in investments”. Buffett also predicts the economy will “be in shambles throughout 2009.
Those who have invested in his company after 2004 and hold till today incue loss in capital. Those who invest in early 2008 loses up to half of their capital!
We had a dramatic event at our household over the weekend. A couple of friends along with their families had dropped by to watch a movie. One of their kids wanted some popcorn. So this little one headed to our kitchen, put the popcorn on, pressed 22 instead of 2 minutes, and rushed out of the kitchen.