Wednesday, September 17, 2008

Turn to Warren

In times of financial woe, smart money apparently turns to US Treasuries and... Warren Buffett (5-day chart). Because, as right-leaning American Spectator points out, Warren warned us about derivatives many times in his shareholder letters and forums.

Update: More Warren from SeekingAlpha. A must read.

Update2: Buffett buys a US power company whose shares are down due to liquidity fears.

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