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Thread: Buffett suffers a lot in this financial crisis!
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[quote=JIMMYB,340405]The US financial crisis has brought great losses to Buffett. It is said that Buffett has had 28 billion dollars locked up in the market. On Sep.23, Buffett bought some shares of Goldman Sachs at the price of 115 dollars per share. This Wednesday, Goldman Sachs' shares went down to 55.18 dollars, 55 percent decrease. On Oct 1, he bought the ordinary shares of General Motors at the price of 22.15 dollars. Now the shares decreased to 14.45 dollars. This year, Buffett has spent about 28 billion dollars to do acquisitions and security investment. Now it seems that he chose wrong time. On the other hand, Berkshire Hathaway shares have slumped 12 percent from 11550 dollars to 84000 dollars. This is the biggest slump in recent 23 years.[/quote]
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