well, just put this into perspective, Berkshire Hathaway have lo

Please take a look at his latest annual shareholders letter, http://www.berkshirehathaway.com/letters/2011ltr.pdf

He admit that he was "dead wrong" about the timing of U.S. housing recovery in last year's letter.  And all the housing related business (under his management) didn't perform at all.  A similar example earlier last year, he was cheerleading the stock of Bank of America for his own sake. And you know what happened to BAC stock last year. Furthermore, he has been cheerleading American economy since early 2009 through CNBC/NY Times/Fortune Magzine. Well, the economy is still in the dump.    

I have been holding Berkshire Hathaway stock since 2000 and very grateful for his due diligence. I went to Omana(for the annual shareholder meeting in May) once to say thanks to him diectly.  By saying that, still want to remind everyone here, he is a smart business man and has the obligations from his shareholders to boost his stock price, or at least the book value against S&P 500 every year.      

BTW, he still lives in the same house he bought in 1958. It has 5 bedrooms, 2.5 bathrooms and 6234 square feet, the house was built in 1921. And I don't think he will upgrade his housing status, no matter how cheap those mansions will be, because he is very happy with his current home and won't spend any extra unnecessary money on it. And I respect that very much. 

所有跟帖： 

• If housing is such great investment, why will not he upgrade it? -天下多蚤- ♀ (406 bytes) () 02/27/2012 postreply 09:06:44

• Texas Billinair Ross Perot used to say, -天下多蚤- ♀ (134 bytes) () 02/27/2012 postreply 09:09:59

• 这个太牵强了,he needs scale, not just upgrade his own house -pyramid- ♂ (34 bytes) () 02/27/2012 postreply 09:25:09

• You did not get it. -天下多蚤- ♀ (475 bytes) () 02/27/2012 postreply 13:25:31

• Read this. Now banks are the victims. LOL -天下多蚤- ♀ (277 bytes) () 02/27/2012 postreply 13:42:51

• 对老人而言,千万不要换居住环境,upgrade都不要,会死人的! -pyramid- ♂ (158 bytes) () 02/27/2012 postreply 09:28:42

• 这个有点道理 -SunshineInCA- ♀ (0 bytes) () 02/27/2012 postreply 09:30:16

• 这个有意思，头回听说，可能是有道理的 -万枫- ♂ (21 bytes) () 02/27/2012 postreply 10:01:09

• 在中国农村，老话说家有老人，不宜建房。房建成之日就是人跷辫子之日。 -sweetptt- ♂ (0 bytes) () 02/27/2012 postreply 10:38:51

• 所以给老人弄新东西不一定是孝顺,要适可而止 -pyramid- ♂ (0 bytes) () 02/27/2012 postreply 11:10:16

• 他这两次说的其实不矛盾. -pyramid- ♂ (539 bytes) () 02/27/2012 postreply 09:39:07

• If we "掏粪工" buy those foreclosures and fix them up, -Jeepster- ♀ (0 bytes) () 02/27/2012 postreply 09:47:08

• then you are more like a builder, less likely a landlord -pyramid- ♂ (0 bytes) () 02/27/2012 postreply 09:51:55

• someone need put capital into those foreclosures before renting -Jeepster- ♀ (331 bytes) () 02/27/2012 postreply 10:04:39

• his paint company, brick company, title insurance company, -Jeepster- ♀ (585 bytes) () 02/27/2012 postreply 09:56:50

• monopoly 是手段,不是目的 -pyramid- ♂ (261 bytes) () 02/27/2012 postreply 10:16:52