Saturday, November 21, 2009

CNBC: Warren Buffett to CNBC: Maybe I"ve Lost My Touch, But I Beat the Market

Published: Monday, 4 May 2009 | 7:56 AM ET

By: Alex Crippen
Executive Producer

Berkshire Hathaway 2009 Shareholder Meeting

Warren Buffett tells our Becky Quick, with a chuckle, that maybe he has "lost his touch" as some critics have suggested, after a 30 percent decline in Berkshire Hathaway stock over the past 12 months.

But, the way he sees it, Berkshire beat the stock market, as measured by the S&P 500 index, making it not such a bad year after all.

Berkshire"s book value, Buffett"s favored measure, fell 9.6 percent in 2008. The S&P"s decline was much greater: down 37.0 percent.

Here"s Becky"s report from this morning"s Squawk Box, including an extensive excerpt of her on-camera conversation with Buffett over the weekend:

Current Berkshire stock prices:

Class A: [US;BRK.A 93998.0 1993.00 (+2.17%) ]

Class B: [US;BRK.B 3096.0 52.05 (+1.71%) ]


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