Friday, October 3, 2008

Thriving in an "Economic Pearl Harbor"

Warren Buffett may have called the current economic crisis an "Economic Pearl Harbor", but his holding company Berkshire Hathaway seems to be surviving the war. While the S&P 500 is down 12% over the past 3 months, Berkshire Hathaway is up 16% due to some smooth dealmaking with Goldman and GE.