Filed under: Major movement, Management, Rants and raves, Berkshire Hathaway (BRK.A), Serious Money

I’m sure it will surprise no one that Berkshire Hathaway (NYSE: BRK.A) is up today, when most everything else was crumbling. Why would that be, since Berkshire owns insurance companies, and insurance companies are down? Berkshire also owns construction materials companies, financial services companies, and consumer product companies that are down, down and down.

The market is down not because there isn’t some true value to be had, but because investors are worried and have lost a large degree of confidence — they do not trust the information presented to them. How can they, when even the boards of directors of major institutions with inside information are taken by surprise and we find out the bankers are big pretenders?

Continue reading Serious Money: Here’s a shocker, Berkshire (BRK.A) is up today!

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This entry was posted on Thursday, November 8th, 2007 at 10:48 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.