Buffett's Company Climbs Back Above $100K/Share
Super-investor and World's Richest Man Warren Buffett has been the subject of a few trendy "has the Oracle of Omaha lost his touch?" articles recently, thanks to his (so-far) money-losing stakes in Goldman Sachs and GE and the fact that shares of his mega-holding-company, Berkshire Hathaway, recently dipped below $100,000 per share for the first time since 2006.
Well, today, shares of Berkshire Hathaway rode the Turkey Rally back up above $100,000 again, closing up 4.5 percent at $100,700 per share. Earlier this week, Buffett had promised more disclosure on his firm's derivative stakes.
Reports of Buffett's demise appear premature, says Bloomberg: "Berkshire’s bank-related investments rose 36 percent in the third quarter, while the 84-member Standard & Poor’s 500 Financials Index declined 0.2 percent."
Buffett is the lead director of The Washington Post Co.
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