Sorry for the Buffett fanboyism, but he's the man.
> Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs at $123[40] only for it to fall to below $60. Furthermore some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses.
Warren Buffett tarnished as Main Street oracle http://www.thestar.com/Business/article/604619
Buffett suffers big losses at Berkshire Hathaway http://www.bloggingstocks.com/2009/02/28/buffet-suffers-big-...
(d Berkshire's net worth dropped a whopping $10.9 billion in the final three months of 2008.
Berkshire's shares have fallen 44% since the end of February 2008. )
etc...
And like I said, the stock went down with the market. Yes, at one point his stock was down 44%, but so was everything else. And if you look at the fundamentals, they have a small leverage ratio, close to zero actually if I remember correctly, lots of cash, and are one of a handful of companies still rated AAA.
The guy in the article keeps saying if only he had access to more cash he would be making piles more money. Well Buffett has the cash, and he's going to rake it in when the market rebounds.
Also, the financial press loves to take pot shots, even though Buffett repeatedly and thoroughly explains that Berkshire's stock price will go through severe beatings from time to time.