"I have waited patiently to purchase Berkshire Hathaway class B stock. While I missed the exact bottom I was able to buy Class B at 2558. As I also believe in Value investing, my profit thus far since purchasing Hathaway is currently +25% but its been to a high of +38%. So while everyone else has been hammered in the Market I've had enormous returns. Buffett is a class act who's been at this for a very long time and will continue to be a superior investment in these uncertain times.

Now all I wish for Christmas is the price declines again so that I can buy more.

It's truly enjoyable not having to watch the market swings every day just hoping some stock you bought isn't being taken out to the wood shed for a spanking. Its great to see the tide roll out and expose all the naked swimmers! Berkshire Hathaway is far from naked!"

- Richard B.

"Warren has not lost his touch. His timing may be off a bit, but give him 2 yrs and once again you will hear, 'Why didn't I get in when I could.'"

- Bob

"I have not lost faith in Buffett. Now is a great time to be a value investor and a follower of Buffett. Great companies are selling at attractive prices. I think we are now starting to see a separation of people who truly believe Mr. Buffett's value investing philosophy versus people that have just been following him recently because it was popular.  Thanks for the opportunity to comment and keep up the blog. I haven't stopped reading it."

- Michael R.

"Short answer, no.  He is doing what he has done consistently all his life, buying cheap because he prefers to pay less, rather than more. He knows that markets are very good allocators of resources in the medium to long term (3-5 years plus), but short term they are extremely imperfect (ie volatile) and there are, therefore, many opportunities for those who think this way, do their homework and act accordingly, no matter what the chattering classes may say.

Other than that, and more broadly, WEB stands for a whole bunch of qualities to be admired, not only as an investor, but as a human being. The better he does, the better for decency, common sense, humility and hard work.  Compare that to current Ponzi schemes, subprime bailouts, multimillion dollar bonuses and outright thievery, well you get the picture."

- Alan C.

"I personally don’t think that he has lost his touch at all... History has proven that over time, his picks have made him a lot of money. The great investors of the Graham-Dodd era all followed the same principal of buying great companies at discounted prices. No one can predict the future; however my dollar would be with Warren Buffet, because he's the only one with enough cash to get deals done... Everyone said he had lost his touch for not investing in the internet stocks, but he stood by what he believed in and therefore didn’t lose the tremendous amounts of money that everyone else did. Now we have the same naysayers doubting him again, but I have a feeling that none of these geniuses had $64 billion in cash at the first of the year in their bank account, because if they did, they wouldn’t have time to write about Warren Buffett’s shortcomings."

- Bert G.

"I have certainly not lost faith in Mr. Buffett. Everyone thought he had lost his touch at the height of the tech boom and we all know what happened there. The market will swing back and forth and if you can keep your head on straight and not panic, you will profit off of this particular bear movement. Chapter 8 of The Intelligent Investor by Benjamin Graham should be required reading for anyone before they invest."

- John B.

"I have never considered this man to be all that smart. In my opinion, he has been just plain lucky. Therefore, I have not and will not follow his lead."

- H. W. D., Georgia

"Faith is the enemy of a good investor. We probably owe some of our current problems to the use of faith/hope in the investment decision-making process. I can hope for a market rally, but my hope has absolutely no influence on the market.

Rather than making bets on Berkshire, or any other company, based on faith, we need to make bets based on facts and probabilities. Without getting into any detail, the fact is Berkshire owns a great number of stellar companies. There is a high probability that most of those companies will consistently produce adequate returns over time. Further, I find it reasonable to handicap the probability of permanent loss on the derivative positions as low.

Obviously I am making very broad and general statements. But my point is: Everything I have stated can be backed-up by an objective analysis of fact and probabilities. There is not an ounce of faith involved. Do I trust the judgment of Warren Buffett? Absolutely. Would I purchase Berkshire shares based solely on that trust? Absolutely not. But based on the facts, I believe very strongly that Berkshire shares will rise substantially over time. 

Disclosure: I am a portfolio manager and the account I manage owns BRK-B."

- Jeremy H.

"We will start being optimistic once the system is corrected. We want to see heads rolling at the SEC and at the audit and accounting companies. It is not acceptable that scandals such as the 'Madoff' can go undetected."

- Claude D., France

"Following the stock since 1980, its book to market ratio has been as high as 2+ times book and until this fall, as low as 1.4 times book. If one would buy when it gets close to 1.6 or less and sell when it gets above 2 times you'll be ahead.  Buffett says in his writings that everybody has their own way to determine the stock's 'intrinsic value,' but, over time it should grow in relation to its book value. He also always shows its book value vs. S&P in the front of the annual report.  So much to my delight, I have been buying.  And when it got to under book value, I had an orgasm."

- Michael M., Nebraska

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