How the Mighty Have Fallen: Buffett, Other Legends Feel Bear Market Bite

I really get a kick out of some of you morons. A couple weeks ago many of you were whining the rich guys get rich while we get poorer, they are cheating and making money while we lose it, it's a conspiracy, etc. Whine, whine, whine. Well now you know you were just blowing smoke out your collective a$$es. Even guys like Buffett are not making money on our carcasses. This economy is hurting everyone. So stop being jealous fools and just worry about your own finances. And Warren will worry about his.

What ever happen to the market,That good Fund Managers will be the winner once the market turn around.......We ordianry people always ask rightnow if possible, I myself many times, no much patient at alln I like Vegas Style but to them the have patient and nerve of stone and iron because of experience in many recession in the past.....They know what they did and plan....... might say as of now they are failure but beyond this time they are far ahead on their foresight......Myself I remain adventurer and loser but no regret in this market in my try.....I am not the only one......

Just goes to show you the markets are fair. Even the Oracle and some other very astute investors are feeling some pain..

Be bold when the masses fear. Be fearfull when the masses are bold. Is this statement still true? How then are the masses now?

Sensey--you're a retard. Talking like you did something smart. My guess is you don't have two nickles to rub together but just wanted to make yourself feel better about your pathetic life. You did not liquidate a penny before the crash. You had no money to liquidate. I'd guess the repo man is outside towing away the used 1986 Toyota you bought last month. Get a hobby that makes sense--or better still, get a job.

It's hard to imagine these incredible losses!

Judging by this board the majority of the masses appear to be angry, uninformed, and confused! It's going to get even worse!

Smart guys :-)

THE RICH PEOPLE OF THE US DIDNT GET IT BY BEING STUDID, THEY WERE TOLD BY OBAMA THEY WOULD BE PUNISHED !!!!!! WELL WILL SEE !!!!!! WHO'S THE FOOL HERE, NOT EVEN BUFFET CAME MAKE THEM INVEST

How about a bit of Ben Grahm philosophy, jerks like Trask will put any POS on here

Nobody really knows when the bottom has arrived 'cause the market keeps going down. When the market lose another 50% of its value then perhaps it's really time to buy and just wait for the right time for the market to rebound. Even the best and the brightest has no answer at the moment and it will take sometime for the economy to get better.

We are in what history will look back and call THE GREAT RECESSION... if your timeframe is 20 years then invest today and be the next generations wealthy. Invest aggressively today... if you can, our parents have been sacrificed for today's wealthy and greed... we still have a chance.

Do not underestimate how long this downturn could last. The Japanese market is down 80% since 1990 when they experienced deflation and zero % interest rates. Sound familiar...???

Will the market rebound today after it was down by 160 points again ...We will see......If there are late buyer or bargain hunter.......I just hope a Heavy Goriila come back now....

Yep, the masses are angry, uninformed and confused. That's why the masses are usually such poor investors. They are also jealous of anyone that is more successful than they are. You can hear the jealousy in some of the posts here. That's why they dump on the rich who just invest more wisely than them, and work harder. I'm not rich but at least I admit it isn't the fault of Warren Buffet or Bill Gates. It is my fault. Just as it's the masses fault that they aren't rich. Open your eyes, admit you have nobody to blame but yourselves, and then do something about it. I am.

At least Buffet is not bitter like so many of you who apparently lost loads in your gambling adventures.. Imagine him coming out and blaming the government or anybody else for his problems.. He knows where the buck stops.. ha ha

And Obama thinks Warren Buffet would be a good replacement for Bernacky? ROFLMAO

You sorry SOB, sitting there grining at the sufferings of people who tried to believe in the long term and growth of american business. I

i wish i could lose a few billion and still have a few billion left over to get me through the tough times

AMERICA: Warren did not buy for a quick pop. He made that clear- . . ."the long haul. . ." he's smart- he covered his tracks 'cuz he KNEW there was a good chance they could drop further. That is why re reiterated his purchase; he knew there could/would be repercussions. He knew the media would be hot on his tail. Sure, he should have waited- woulda, coulda, shoulda. . . Remember, there is a reason his net worth has a "few" more numbers to the left of the decimel point than you and I. Millionaire status is nothing today (sure, the money is nice- not unusual). Winning the Lotto ten times in one day could not even pay Warren's usual annual income taxes.