TonyCinTX

Warren Buffett on the Dollar, the Recession, Subprime and Bear Stearns

I own Berkshire stock, and I am glad Buffett has the discipline to pass up a deal he does not grasp and is willing to say that is why he passed it up. Bear Stearns might be a windfall, but I'd rather he pass on the speculation and protect the capital. If I want to risk speculation, I am happy to look at something besides Berkshire. They are my anchor for value investing.