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Oracle of Omaha Battered by the Derivatives Maelstrom of the Federal Reserve and Bank of England: Buffett Apologizes to Shareholders for 2008 Multibillion Dollar Investment Blunders

http://abcnews.go.com/Business/Economy/story?id=6980506&page=1
Even the world’s best-known investor couldn’t get it right in 2008, apologizing to his shareholders for doing “some dumb things” with their money. Billionaire Warren Buffett said in his annual letter to shareholders that while last year was a bad year for all investors, he made some mistakes that he now regrets. “I made some errors of omission, sucking my thumb when new facts came in that should have caused me to reexamine my thinking and promptly take action,” Buffett wrote in a letter released this morning.
arnold_buffet_rothschild

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February 28, 2009 - Posted by | Financial High Treason

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