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Sunday, November 30, 2008

Has Warren Buffet's Magic gone?

Buffett magic gone? (01:53)Video Report
Nov. 28 - Billionaire investor Warren Buffett has seen shares of his Berkshire Hathaway cut in half as investors fear the company could be hit with a big payout in the future.
Buffett's company has issued insurance policies for equity derivatives, that if values keep dropping, would result in payments which could total as much as $37 billion.

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