Once the the rich have had their party with killing the coal price, they will be loading up. Then they will come out with a story about NG drilling causing more pollution by releasing methane or causing earthquakes and the tide will turn. I've come to believe everything under the sun is manipulated. Eventually coal will be made to burn clean or turned into a liquid fuel. All things in good time.
Warren was referring to buying quality stocks when others are selling them off. Such as buying quality stocks after the financial panic from late 2008-2009. He wasn't talking about garbage like ANR. ANR is at the current price because they lose money, have huge debts, and are in a business that is showing little signs of recovery as evidenced by the continuing coal production supply reductions.
Really? Coal is different? NO, actually coal will prove this point more than any stock has ever proved the point. Buy now when everyone is soooo afraid and make 500% ++ returns. This is exactly what WB meant.