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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.78

+0.2%

Nov 3 4:00 PM EST

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To: Rolla Coasta who wrote (31112)	3/17/2008 2:25:47 AM
From: Elroy Jetson	Read Replies (1) of 217537

Of course Buffett or Gates are not much concerned. Deflation kills those with debt and those with no cash. Let's look at Buffett (I suspect Gate's is in the same position, as Microsoft has no debt). Warren Buffett's wealth is more than 1/3 of Berkshire Hathaway. Berkshire essentially has no debt and $43 billion in cash they would like to use to make one "huge investment". So they have a lot of cash to fall back on to keep paying bills. During another Depression, there is no possibility of Berkshire failing. During a Depression Berkshire's stock price will likely fall to a p/e ratio of 6x to 8x down from the current 15x, and their earnings will decline some. I could see Buffett's wealth temporarily falling from $45 billion to $4.5 billion at worst. Big deal. .

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