Warren Buffet, what has happened to you? Why are you so much perturbed? What is the reason for your disturbance? When the whole world was shattered by the meltdown,when the banks failed week after week, to be precise , every Friday,when the crude oil fell from 147$to 35$, when precious metals went up and high, when auto makers ran to the Capitol,for funds, when the governments world over are indulging in bail out, rescue plans, and stimulus packages, when the stock markets crashed, when the housing loans failed, when the economists were breaking their heads, where were you Buffet?
You were sitting cozily in your lounge, counting your blessings, and your Berkshire Hathway investments was in a vantage status.You came out with advices, with schemes and you are now in the advisory panel to President Obama.
You invested in failing banks. You saw to it that you got an assured return of 10%. We stood astounded, we were tongue tied, we became dumb, and our gutsy insinuations got numbed by your disciplined procedures. You said that” this is the time to put your money on stocks ,as they are going cheap”. There were not too many followers this time, Buffet. The investor has been bitten badly, and as the saying goes, once bitten twice shy, the stock player refrained himself from entering the game. If he had taken your cue, he would now be wallowing in disaster and would be thoroughly disoriented.
By the way, what has prompted you to get disillusioned with your pet sport.? You stated a fortnight back , that economy is in shambles, and yesterday ,gave an indication ,that the economy has fallen from a cliff.It looks exactly like the sermon on the mount, a sudden revelation, a quick enlightenment, like Buddha ,who found truth under Bodhi tree.
Did anything go wrong? Did you make a blunder?
Et tu Buffet!!!
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