Fred, re: Buffett, so what else is new?
I just got done watching him say that on "60 minutes." The thing to remember about him, however, is that he hardly ever sells anything. As you probably know, people jokingly will state that if you ask Buffet when to sell he would reply "never."
I know that you don't want to hear this, but I bet "60 minutes" chose the well-known Buffet to interview because they wanted to attempt to calm the average investor so that he wouldn't panic sell tomorrow, and they knew that Buffet would say exactly what he did. It would have been more balanced, I think you would agree, if they had also had a hedge fund manager on the show to ask would he will be doing tomorrow, and thus maybe get an opposing viewpoint. |
