Buffett suffers big losses at Berkshire Hathaway

It appears Buffet tried to go the short sell/buy route, thinking a market that did not rebound, would. Pooooooooor man, down to just a few billion, but wonder how his investors and cronies feel these days.

THE ANSWER WARREN MY FRIEND, IS BLOWIN IN THE WIND
(Blowin in the Wind, Bob Dylan)
WilliamBanzai7

How many points must the DOW slide down
Before we can buy once again ?
Yes, n how many zombie banks must Uncle Sam bail
Before Federal budget disappears in the deficit sands?
Yes, n how many times must FWMD balls fly
Before they're forever banned?
The answer, Warren my friend, is blowin in the wind,
The answer is blowin in the wind.

How many times must an investor look up
Before he can see the Ponzi blue sky?
Yes, n how many ears must the SEC have
Before it can hear the whistle blowers's cry?
Yes, n how many financial disasters will it take till it knows
That too many greedy CEO's have lied?
The answer, Warren my friend, is blowin in the wind,
The answer is blowin in the wind.

How many years can a bloated asset bubble exist
Before its washed to the bear market sea?
Yes, n how many years can free markets exist
Before they're consumed by Wall Street hubris and greed?
Yes, n how many times can a man turn his 401(k) head,
Pretending he just doesnt see?
The answer, Warren my friend, is blowin in the wind,
The answer is blowin in the wind.

Everyone makes a mistake or mis-reads the market occassionally; and Buffett should be applauded for his frankness in explaining what occurred causing this loss in Berkshire-Hathaway investment.

What is more concerting to me is that when "the best" of our investment managers, like Buffett, are having a difficult time "reading and anticipating the markets", then the markets are simply too chaotic for the average small investor.

The "insider" fund managers shifted to buying zero interests T-Bills some time ago; and the latest recommendations that seem to be undertone of it all during this last week has been that now is the time to get out of stocks completely. These omnimous warning are escalating from more and more financial advisors over the last several days. It appears that the markets are heading for a bottoming out; and there is probably going to be a drastic dip in values that will be forthcoming; and then a long pause, leading to a very slow and arduous recovery.

And the American people are simply apathetically sitting back while our CORRUPT Congress who enabled and allowed all of the corporate FRAUDS, continues to allow the CORRUPT CEOs and Boards of Directors run those corporations, and to keep their ill gotten "weath" that they amassed while mismanaging the corporations, and orchestrating and perpetuating all of those FRAUDS.

Congress needs to be purged of these CORRUPT Congressmen or recovery will be difficult to achieve.

hola a todas las personas de un buen corazon tengo un hijo de 10 años que tengo que operarlo de adenoides y no tengo dinero para hacerlo DONA LO QUE PUEDAS a caja de ahorro n:414976181211 banco galicia (ARGENTINA)desde ya muchas gracias