Berkshire Hathaway & Warren Buffet Message Board

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Non-Tech : Berkshire Hathaway & Warren Buffet

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To: 249443 who wrote (179)	11/10/2001 12:11:19 PM
From: 249443	Read Replies (1) of 240

What It Takes fortune.com The same could be said of Warren Buffett, who took the unusual step of writing a letter to Berkshire Hathaway's operating managers in late September. How big a hit had Berkshire taken? "Even with tax recoveries, our loss is huge," Buffett wrote. "Nevertheless, it's one Berkshire can easily bear." What about the economy? "I'm sure we are in a recession, probably a relatively deep and extended one, but they are part of business life and we are prepared. In short, you do the managing, and I'll do the worrying." You can't get much plainer than that, and Buffett says several managers thanked him for the letter.

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