Eugene David
...The One-Minute Pundit

Monday, December 17, 2007


FORTY-TWO YEARS LATER:

Investors Back Off Berkshire Hathaway

Concerns mount that Warren Buffett's holding company might be overvalued.


GOD'S HEAVEN FORFEND!

Berkshire isn't easy to analyze because of its complexity and because Buffett communicates little with investors save for his appearance at Berkshire's annual meeting in May. Berkshire's quarterly 10-Q reports provide no detail on many of its non-insurance units. There's scant coverage of Berkshire on Wall Street because analysts typically want access to management.

TRANSLATION: How many SIVs lurk in His pantry?

P. S. He owns a chunk of Moody's, which has seen better days -- in no small part thanks to SIVs.

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