Just a quick little post to convey my initial thoughts towards the recent Berkshire Hathaway announcement. How many investor's are going to be shaken to their core with these headlines:
"Berkshire reported net income of $940 million, or $607 per share, in the quarter ended March 31. That's down significantly from the net income of $2.6 billion Berkshire generated a year ago. Its first-quarter profit fell 64 percent because it recorded an unrealized $1.6 billion pretax loss on its derivative contracts, and its insurance businesses generated lower profits."
Warren Buffet is a true representative of the "heartland" and America's favorite long-term investor, however is this the straw that finally breaks the camels back? Or can the market handle another thunderous right cross to the jaw? My guess is that the market will provide us with a nice knee-jerk reaction to the downside.
1 comment:
Buffet heads will follow him no matter what his first quarter earnings are. It does make me feel better that I am beating Buffet in the first quarter:)
Enjoy your blog.. Thanks for the read.
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