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Tuesday, January 27, 2009
5:25 PM TweetThis
  • Last week Doug Kass suggested Warren Buffett's (BRK.A) star was crashing back to earth. Today, "armed with some additional information," he says things are far worse: "The only question that remains is the timing and to what degree investors will abandon the Oracle of Omaha."
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This news story has 6 comments:

  •  
    I don't believe I would be paying attention to what Kass says...he seems a little "off keel"....OMO...
    Jan 27 07:45 PM | Link | Reply
  •  
    This is like deja vu all over again....As usual Warren will be proven right..
    Jan 27 07:55 PM | Link | Reply
  •  
    Doug will be right no this one. At his age this was bound to catch up with him. I posted a tounge and cheek video about value investing on my site and the hate mail comes roaring in. Calling into question an 80+ year old man's ability is like insulting Micky Mantle or apple pie. Thank you, Doug. Let Warren go down in history as one of the best, if not the best ever, but his track record once he hit 75 is terrible.

    The Sage
    stockmarketsage.com/20.../
    Jan 27 09:12 PM | Link | Reply
  •  
    Kass' obituary for Buffettology is premature. Commentators have allowed themselves to be misled by Uncle Warren's praise for Graham value investing, which I have always understood to be a student's expression of a lifelong debt to a favorite teacher. Buffett has always had something of a multi-strategy approach: value and GARP investing for public equities, private equity deals, and special situations like merger arbitrage.

    A bigger toolbox makes for more choices in the investment universe.
    Jan 27 09:13 PM | Link | Reply
  •  
    Doug Kass is a savvy short seller and short term market operator who has lately had a hot hand with his bearish bets. Its a good time to get some attention at the expense of a long term bull who is temporarily down.

    I wonder how Buffet will look in three years. Someone with some money and courage buying small (or large) positions in his top five holdings could do pretty well in that time IMHO.
    Jan 27 09:42 PM | Link | Reply
  •  
    Warren Buffett is the Oracle of Omaha for a reason, he still has 10-30 billion in cash depending on how much he has invested over the last three months.
    Jan 27 09:49 PM | Link | Reply
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