Monday, March 2, 2009

Buffett's Letter To Shareholders

There's a foot of snow blanketing the world where I live. I turned on my computer and see another storm is brewing.

Indeed, things look awful and there isn't too much to suggest they're going to get better anytime soon.

But before you go out and buy your guns and grain check out this article about the letter Warren Buffett wrote to his shareholders.

If you trade this market, you need to do so without emotion. Buffett is building positions in GS and GE preferred shares. Could he lose? Perhaps... but he's been pretty good at this game for a damned long time.

1 comment:

Anonymous said...

What irony if would be if BRK blows up one day because of Buffett's new found fondness for 'weapons of mass destruction'.