"During 2008 I did some dumb things in investments," Berkshire Hathaway (BRK.A) CEO Warren...

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

"During 2008 I did some dumb things in investments," Berkshire Hathaway (BRK.A) CEO Warren Buffett tells shareholders in his annual letter (.pdf), referring to a big buy of ConocoPhillips (COP). Buffett's "certain" the economy will be in shambles throughout 2009, "but that conclusion does not tell us whether the stock market will rise or fall."