Tuesday, March 29, 2005

Buffett and Berkshire

Berkshire Hathway has been trading down toward the price that would interest me on word that Buffett himself will be questioned by regulators.

Look, its very simple. Buffett may have his flaws, but he's very aware of where the ethical and legal lines are. If he's over the line, then we've got some EXTREMELY serious problems here--like buy gold and guns because the whole system as we know it is in trouble.

That "end of the world" bet hasn't ever panned out. I think Berkshire will emerge from this ok.

It may trade lower for a while, though.

No comments: