Warren Buffet is often called the “Oracle of Omaha.” When he speaks, the world listens. When he buys, markets move. I have tremendous respect for Warren Buffet. He’s obviously a very smart man and a great investor, but could it be that his time has past?
His company, Berkshire Hathaway (BSH), didn’t do well in the stock market during the crisis. BSH crashed along with the rest of the stock market. It’s my opinion that a professional investor’s portfolio should do well in an up-trending market and even better in a down-trending market—but that’s just my opinion and philosophy.