babcock shares as good as worthless, page-4

It was a game of Musical Chair, the less greedy ones got out, the more greedy ones got catch (me included). We've lost, so get on with life. I can't see $2.00 at all.

How old is Mr Buffett? I think this is his first time seeing this sort of Credit Crisis. The old "buy low and hold for a long time" idea doesn't work in this Credit Crisis. The fact is, by the end of 2009, lots of companies will be de-listed of the ASX.