You know it’s a bad time for personal investors when Warren Buffett is in the red.
… the 44-year performance of Berkshire’s book value and the S&P 500 index, shows that 2008 was the worst year for [Berkshire Hathaway].
With the Class A and Class B Berkshire Hathaway shares down ~37% in 2008, and currently down ~42% from it’s all time highs, some have begun to question the “Oracle of Omaha” and his famous buy & hold strategy since the last decade has proven to be a traders-only stock market.
I find that rather foolish since he routinely flirts with title “World’s Richest Man”, but no doubt that the market hasn’t behaved in a manner which Buffett, and almost everyone else, has found difficult to successfully navigate.
Personally, I found some comfort reading his newsletter. If the most famous investor in the world is having problems, I guess it’s OK for me to feel better about my Roth IRA being in the crapper.