[Marxism] Sell Recommendation

[S. Artesian]

Financial Times, 11/8-9:

Warren Buffett's Berkshire Hathaway said yesterday that its third-quarter 
net earnings sank 77 percent after it recorded heavy losses on the value of 
investments and derivatives and suffered a steep drop in insurance 
underwriting profits.

The Omaha-based company's net income fell to $1.06 billion or $682 per share 
of Class A stock, marking the fourth consecutive decline in quarterly net 
profits for one of the world's most famous investors...

Berkshire Hathaway reported $1.01 billion in losses on the value of some 
investments and derivatives for the third quarter, compared with $2.07 
billion in gains in the third quarter of 2007.

The company....stated that the amount of investment derivative gains or 
losses it reported "in any given quarter or year is usually meaningless."

Most of those losses stem from unrealized losses on derivatives contracts..
______________

Derivatives contracts?  Isn't Buffett the guy who called derivatives 
contracts "weapons of financial mass destruction"?  Does this sound like 
"value investing" for "the long haul"?

Losses "in any given quarter or year meaningless"?  Of course, just ask AIG, 
just ask Deutsche Bank, just ask the IASB which, after allowing banks to not 
report those items as losses, noted that the quality and accuracay of banks' 
accounting statements declined.

Sell, before its too late, sell Berkshire Hathaway.

Your friends at Gekko, Moral, and Hazard.