ATLBob

Buffett's New Moats: NRG Energy, Nalco

On Feb 19 11:13 AM Did U Think The Ponzi Scheme Would Last? wrote:

> Well it's about time for Buffet to get some new moats because his
> a$$ is sinking fast in the old ones.


There always seems to be an endless supply of people who opine that Warren Buffet and Charlie Munger have "lost it", or that they aren't in touch with the way the markets work today. When Berkshire didn't participate in the 'dot-com' frenzy a few years ago, they were called dinosaurs until the 'dot-coms' became 'dot-bombs' and self-imploded. Warren and Charlie have certainly made some mistakes in the past and will likely make more; however, when all of the day traders and shorts have crashed and burned once again, Berkshire will still be standing.