Uncle Warren, of Berkshire Hathaway (BRK) fame, has spoken.
And it's not good.
Warren Buffett, known for his buy-low-and-hold-forever investing strategy, thinks the recession we're in (but it's still not official) will be longer and more problematic than most so-called experts have prognosticated. He's concerned, too, because his company is heavily leveraged in consumer goods and housing.
Buffett says recession may be worse than feared: Financial News - Yahoo! Finance
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Posted by billspaced | 11:40 AM | Invest, Mortgage Meltdown, Real Estate | 0 comments »