Again, on the topic of hedge funds and how they effect your investment in AGO and other listed companies and for those of you who enjoy the wisdom of Warren Buffett, the latest issue of Huffington Post's business section carries an article the topic of which is Buffett's most recent letter to investors. Here is an excerpt:
"In his upcoming annual letter to investors, an excerpt of which Fortune published on Monday, the Berkshire Hathaway CEO says normal humans can't outsmart the stock market. They shouldn't even try, in fact."
Instead, Buffett recommends American investors buy into a low cost S&P 500 index fund.
That, I suppose, says it all about the current state of the share market.
AGO Price at posting:
$1.01 Sentiment: Hold Disclosure: Not Held
