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Doomsday Scenario: Could Warren Buffett be wrong?

Posted Mar 4th 2009 5:37PM by Alex Salkever (RSS feed)
Filed under: Forecasts, Bad News, Management, Berkshire Hathaway (BRK.A), Short Stories, Economic Data, Recession, Comic Relief, Financial Crisis

Here's the latest PM dose of happy doom. Tyler over at ZeroHedge points out that CDS (credit default spreads) on Berkshire Hathaway are hitting all time highs, implying that the risks Berkshire's (NYS: BRK.B) robust cash machine could break down (and even default at some point) are rising fast. Piqqem Sentiment on Berkshire B-class shares is negative, natch, after Buffett's recent mea culpa for losing money last year. If Buffett has lost his mojo, then does anyone have any magic left?

Continue reading Doomsday Scenario: Could Warren Buffett be wrong?

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