WSJ to Warren Buffett: "Time to Get a New Crystal Ball"

Monday, 27 Oct 2008
WSJ to Warren Buffett: "Time to Get a New Crystal Ball"

Posted By: Alex Crippen
Topics:Derivatives Investment Strategy Stock Market Warren Buffett
Companies:Berkshire Hathaway Inc.

MORE DOUBTS ABOUT THE ORACLE

........... there's are other Buffett-doubters out there, especially when it comes to his public call to buy U.S. stocks now.
A common theme is that as a billionaire, Buffett can afford to put his money down now and wait for the profits, which could be years away. The rest of us have more pressing problems.
In the Times of London, Jennifer Hill argues that Buffett Is Wrong: The Market Madness Is Still Far From Over.
In Canada, the National Post's Diane Francis echoes the sentiment with Buffett Is Wrong: Avoid Stocks and Buffett Is Wrong: Part II.
On Seeking Alpha, Brian Keith Anderson lists 5 Reasons to Ignore Buffett and C.S. Jefferson asks "What If Warren Buffett Is Wrong About the Markets?"
There are also defenders, of course, including the often pessimistic Doug Kass, who made a profitable short-term bet against Berkshire Hathaway's stock price this year.
The key question, as it often is when talking about Warren Buffett and his famously long-term view of things, is whether an investor sees enough future pleasure to overcome pain in the present.
Buffett's investing record suggests we should be looking very carefully.

http://www.cnbc.com/id/27400058/