Along with predictions, the approach of a new year also compels us journalist-types to compile Top 10 lists.
This year, Warren Buffett Watch presents the ten most popular posts from 2008, as measured by your clicks.
#10. Short Seller Wins Bet Against Warren Buffett(October 23)
Short seller Douglas Kass has won his relatively short-term bet against Warren Buffett. Given Buffett's track record as the world's greatest investor, he doesn't lose very often.
Warren Buffett's high-profile call to buy U.S. stocks may have its skeptics, but the often-pessimistic Doug Kass isn't among them. He shares Buffett's longer-term optimism, and notes that Buffett has made only two similar bullish predictions in the past and was proved correct both times. Earlier this year, Kass generated some headlines by publicly betting that Berkshire Hathaway's stock would fall, citing Buffett's "investment-style drift" and "bombs" among Berkshire's stock holdings. In March, he listed "11 Reasons to Short Berkshire." The stock is down almost 13 percent year-to-date.
#8. Warren Buffett: People Thought "I Was Doing Some Sort of Ponzi Scheme" (December 16)
"There were people in Omaha who thought what I was doing was some sort of Ponzi scheme." That's Warren Buffett talking about his early days as a money manager in the late 1950s, as quoted by Alice Schroeder in her recent Buffett biography The Snowball. It wasn't as crazy a thought back then as it might seem now.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
In an interview with Charlie Rose on PBS, Warren Buffett says, "In my adult lifetime I don't think I've ever seen people as fearful, economically, as they are now... The economy is going to be getting worse for a while."
THE TOP FIVE
5. Timeless and Time-Tested Warren Buffett Watch Predictions (December 26)
In keeping with Warren Buffett's long-term way of looking at things, we bring back WBW's timeless and time-tested predictions to mark the coming new year.
#4. Warren Buffett's Reassuring Words On the Future(October 10)
As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.
#3. WSJ to Warren Buffett: "Time to Get a New Crystal Ball" (October 27)
Warren Buffett has gotten greedy too quickly while everyone else takes too long to become fearful, suggests today's Wall Street Journal. Peter Eavis writes that while Buffett has won "plaudits for some canny deals," there's also a dangerous pattern. "Mr. Buffett looks to be committing his capital too early. On some bets, waiting might have gotten him better terms or more attractive entry prices."
According to Eavis, "Time for the Oracle to get a new crystal ball."
#2. Warren Buffett's Three Rules for Investing In a Crisis (October 1)
Warren Buffett biographer Alice Schroeder offers three Buffett-style tips for investing in turbulent times during an appearance on CNBC's Power Lunch.
#1. Warren Buffett: Why I'm Buying U.S. Stocks Now (October 17)
Warren Buffett wants the world to know that it's time to get greedy right now, as fear sends stock prices plunging across the globe. Using the widely-read opinion pages of The New York Times, Buffett writes that he's been buying U.S stocks for his personal account, picking up a "slice of America's future at a marked-down price."
Current Berkshire stock prices:
Questions? Comments? Email me at firstname.lastname@example.org