Tuesday, May 11, 2004

Bad News for Kerry's Billionaire Boys Club!

Buffet's Dollar Bet Goes Bad
Warren "The Oracle of Omaha" Buffett may have a crack in his crystal ball.

The legendary investor bungled an $18 billion bet on a weaker U.S. dollar last quarter, and lost as much as $600 million in five weeks.

The results weakened Buffett's two high-powered stocks - Berkshire Hathaway/Class A and Berkshire Hathaway/Class B - wiping out a total $6.8 billion of shareholder value yesterday.
I wonder how John Kerry's other billionaire, currency-trading pal, George "Blofeld" Soros made out?