Posted AT 6:00 AM EST on 04/07/08
Memo to Warren Buffett: We feel your pain
Don't kick yourself too hard if your portfolio's been in a slump. Even the world's greatest investor hasn't been able to avoid the turmoil on stock markets.
With soaring fuel prices and sinking consumer confidence pummelling stocks, shares of Berkshire Hathaway, Warren Buffett's holding company, have plunged about 22 per cent from their peak last December, exceeding the 20-per-cent drop that qualifies as a bear market.
So Mr. Buffett is human after all? You bet he is.
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