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

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

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For more Buffett Watch updates follow alexcrippen on Twitter.

Questions?  Comments?  Email me at

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