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DewDiligence

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DewDiligence

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Re: DewDiligence post# 102506

Monday, 03/28/2011 4:37:59 PM

Monday, March 28, 2011 4:37:59 PM

Post# of 257251
Buffett took a big writedown on SNY holding:

http://www.reuters.com/article/2011/03/28/berkshire-sec-idUSN2818725820110328

In its 2010 annual report, Berkshire disclosed $938 million in writedowns in the fourth quarter for other-than-temporary losses on certain stocks. It did not disclose which ones or why. But letters between the company and the SEC released Monday identify the stocks in question as Swiss Re, US Bancorp and Sanofi-Aventis.

Did he not realize that NVS/MNTA were going to take a big chunk of the Lovenox pie?

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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