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"It's only when the tide goes out that you learn who's been swimming naked."
-- Warren Buffett
The cost of protecting against default by Warren Buffett’s Berkshire Hathaway Inc. soared to record levels more typical of junk-rated companies amid concern the firm faces losses on derivatives.
It looks like Mr. Buffett may have some explaining to do. I think I am going to have to short some BRK shares here.
-- Warren Buffett
The cost of protecting against default by Warren Buffett’s Berkshire Hathaway Inc. soared to record levels more typical of junk-rated companies amid concern the firm faces losses on derivatives.
It looks like Mr. Buffett may have some explaining to do. I think I am going to have to short some BRK shares here.
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