"I now feel that Berkshire's valuation will steadily suffer, despite the long-term allegiance of its investors who are geared toward evaluating the company over decades, not years."
While Kass acknowledges that he has "worshipped" at Buffett's "investing altar" in the past, now, "From my perch, Buffett's salad days seem to be over; the only question that remains is the timing and to what degree investors will abandon the Oracle of Omaha."
Kass's bottom line: "All good things, it seems, in markets and life, must come to an end."
Based on the overwhelming email response this blog received in December when we asked, "Are you losing faith in Warren Buffett?" .. many of you don't agree.
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Berkshire Class B:
Burlington Northern Santa Fe:
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