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Buffett’s Berkshire Hathaway Suffers Worst Loss Ever

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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.

Berkshire Hathaway 2008 Annual Letter to Shareholders

berkshireletter 2009

You can download the document by clicking the Scribd icon in the top left.
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Posted by CJ   @   28 February 2009 0 comments

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