After two of Buffettstock's three days of peace and money, we're still looking for the big headline.
Warren Buffett will hold a news conference tomorrow (Sunday) and that could produce a major story. He might even comment on Microsoft's decision to walk awayfrom its bid for Yahoo. (I'll be there for Warren Buffett Watch.)
But after five hours of listening to Buffett and his partner Charlie Munger answer all kinds of questions from shareholders today, the reporters gathered in the press box near the top of Omaha's Qwest Center failed to reach a consensus on the day's major headline.
I was spared that dilemma by the chronological nature of the live blogging that kept me very busy during those five hours. I didn't have to organize the sprawling Q&A into a traditional journalism school 'pyramid' story, with the most important news at the top.
So, what was the day's big headline? Take your pick.
- AP: Buffett again rebuffs advocates who want Klamath dams out
- Reuters: Buffett says Fed avoided chaos in Bear bailout
Buffett did make some minor news in his television interviews before the shareholder session, when he told CNBC and Bloomberg that he doesn't see any conflict of interest in Moody's triple-A rating of Berkshire's new bond insurer.
Connecticut Attorney General Richard Blumenthal has said he's taking a look, since Berkshire is Moody's biggest shareholder. Buffett points out that both Moody's and Standard & Poor's had given triple-A ratings to Berkshire Hathaway itself long before it owned any Moody's shares.