Great article from the NY Times comparing Warren Buffett's recent impact on the markets to J.P. Morgan during the panic of 1907. It's hard to believe that one person could have such a positive impact on the markets, but Warren Buffett's opinions carry a lot of weight.
Monday, October 6, 2008
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Although warren buffett has been a really great value investor. He's not beyond falt. Warren buffet bought some banking stocks in ireland that did not work out. To all those of you that are Warren buffett fans' Warren has also stated on many occasions that his holding company berkshire hathaway will not deliver the great returns of the past simply because of its size it must invest for the most part in lsrge cap and mega cap stocks which generally do not produce really large returns.
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