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WARREN BUFFETED

Warren Buffet released his monthly newsletter today:

Buffett Offers Gloomy Outlook for ’09

I have been waiting for it.

I don't think ol' Buffet is a god or anything but he is an optimist like me and I want to listen to his current story. If he loses it then I will really start worrying.

He says that the losses will continue. He is heavily into retail. I am not.

So the mixes are different.

He has actually lost more than I have on dividends and other income.

It is all grist for the mill. I am not going to do anything unless Warren bails out and then it is into the cashout for me. Although maybe not.

He has a lot of derivatives because that is a unique issue with his company. I don't much cotton to these exotic kinds of investment.

I talk like I am a big player. I am not.

It is just little old me with a retirement portfolio. But it is interesting to check in with the heavy hitters who are honest about what is going on and are relatively transparent about their thinking and strategy.

Buckle down for 2009. But I have done that.

Labels: economy