Buffett's Berkshire Hathaway company's stock has fallen to 81,240 U.S. dollars / share, compared with December last year, has lost nearly half; investment by Buffett and the substantial depreciation of financial assets; on behalf of the company's credit market Berkshire's attitude towards the risk of CDS (credit default swap) has become a premium grade BBB, from junk bonds only one step away. What is the market share of the gods become so no confidence? Buffett is to ensure that sold 10 years later, the world's stock 4 refers to the current level higher than that of the insurance? This contract is Buffett has been referred to as "financial weapons of mass destruction," the financial derivatives contracts. Some industry experts said that Berkshire's insurance premiums have gone up that the CDS market's worried about lack of liquidity, not enough to cover the contract for the payment of compensation; more extreme on the assumption that the company has the financial assets shrink as a serious economic crisis, resulting in capital No debt, was forced liquidation. 25-year deal with the practice of the investment strategy of the United States Department of Investment Co., Ltd., Shanghai Xin Lion Asset Management Limited Michael Wu in the "Daily Economic News," said Buffett's crisis from his market value drop The judge, but he did not experience the 1929 stock market crash, and his master Graeme was in the stock market crash, the assets were swept away. "Since 1965, Buffett started to invest in value stocks in the 50-year Nan Yu in the overall economic decline can not be spared, particularly in financial and consumer goods industries, such as American Express, Coca-Cola and Wells Fargo." TD Asset Management Canada Vice President Wu Yanan said. Buffett's long-term research experts, health researcher Liu Tianfu fund-told reporters that the operation of Buffett's insurance business has been very strong, but in 2001 the "9.11" incident took place beyond his expectations. His company as a result of "9.11" suffered the most serious since the founding of the loss. Berkshire's balance sheet rate of 57.4 percent. If Buffett to the underestimation of the financial crisis, leading to its holdings of financial assets shrink dramatically, while the financial assets of the insurance costs rise dramatically, Berkshire is not without risk. Buffett is not J.P. Morgan October 17 this year, Buffett has always been low-key in "The New York Times," the author said that although the U.S. economy is "bad", but he is buying U.S. stocks. Buffett's move reminiscent of 100 years ago, JP Morgan. At that time, the Central Bank of the United States does not, then trust the financial institution into a credit crisis, triggered the financial chaos the country. October 23, 1907, nearly 70-year-old JP Morgan issued a famous declaration: "It is time to stop this disaster has." After two weeks, Morgan assumed the role of central banks, own capital (in just 20 Minutes, out of 20,000,000 U.S. dollars in cash), while the financial sector to convene a joint solution to the prevailing crisis of confidence and liquidity to help the U.S. out of the woods. Speculation that the 78-year-old Buffett JP Morgan would like to repeat the feat, by virtue of their prestige and ability to turn the tide. But Buffett has the ability to do it? Liu said the position, Morgan was one of the United States has a one-tenth of the wealth, while Buffett's personal wealth was less than the wealth of today's U.S. 1 / 200. Mike Wu said: "Morgan era, socio-economic scale was not large, the market in its early development, but also a successful Morgan's a certain degree of control over the market, and today, Buffett does not have the ability." Berkshire currently sufficient cash However, most of the professionals as well as Buffett's Berkshire still full of confidence. "Buffett's Berkshire Hathaway owned by 80 companies in different areas, from car insurance, carpets, clothing, kitchen supplies such as food, there is sufficient capacity to spread the risk." Wu Yanan说. For the current problems faced by Berkshire, Liu place that is not what this crisis, Buffett's investment company, such as Goldman Sachs is the preferred shares, these companies fell, he would not be a loss. Berkshire's latest Quarterly Bulletin shows that the company has a cash 27,900,000,000 U.S. dollars, the total assets of 280,000,000,000 U.S. dollars, liquidity is adequate to deal with the current situation there is no problem.
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