Stop me if you've heard this one before: Warren Buffett is losing his touch.
Throughout the decades, there have been any number of Wall Street types who have argued that while Buffett may have been a great investor before, he's on the decline 'now.'
There have been lots of 'nows' .. including 1988, when Buffett made his "crazy" bargain-buy of Coca-Cola stock , and the late 1990s when Buffett ignored the Internet's 'bright' future and didn't play along with the Great Web Bubble. "People said he simply didn't get it anymore."
The stock has indeed had a tough year. As of this morning, it's down 17.8 percent year-to-date, compared to the S&P's drop of 15.6 percent. It is also, however, about four percent above its recent closing low of $111,750 on July 29.
This week, Gregg Greenberg at TheStreet.com has a video clip that asks, "Has Warren Buffett Lost His Touch?"