網路城邦

上一篇 回創作列表 下一篇   字體:
Buffett says The Party is over!
2008/03/01 07:58:48瀏覽550|回應1|推薦6

Market Scan
Buffett Says The Party's Over
Ruthie Ackerman, 02.29.08, 6:40 PM ET Digest from Forbes.com

Billionaire investor Warren Buffett had a good year in 2007, thanks to Berkshire Hathaway's stable insurance operations in a disaster-free 12 months, but he's not expecting a repeat.

That party is over,” he wrote in his eagerly awaited annual letter to shareholders. “It is a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008. Prices are down, and exposures inexorably rise.”

He predicted that even with another disaster-free year, the industry's profitability will decline. “If the winds roar or the earth trembles, results could be far worse.”

On Friday Buffett stated in his annual report to shareholders that Berkshire posted an 11.0%, or $12.3 billion, gain in net worth. Over the last 43 years per-share book value has soared at a rate of 21.1%, compounded annually.

( 時事評論財經 )
回應 推薦文章 列印 加入我的文摘
上一篇 回創作列表 下一篇


 回應文章

紫金王朝
等級:7
留言加入好友
Buffett
2008/03/02 00:13

is the market "crash" on Friday related to Buffett's comment?

I told myself to sell my stocks on Thursday thinking that "gosh, 4 days in a row increasing, this luck won't last.....". However I was just too busy to actually go sell my stock, so on Friday, I am "stuck" again.....

革命烈士韓起的兒子(mikkyhan) 於 2008-03-02 11:22 回覆:

Follow the tread and your 6 sense.
I learned one bitter experience that do not hold the stock when you
take a vacation for more than one week. Last time when I went
to Taipei to attend a Wedding and I did not sell it. It cost me $150,000
for 10 days vacation. Decision Decision and decision!

I still believe in Buffet's wisdom.