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Showing posts with label insurance policy. Show all posts
Showing posts with label insurance policy. Show all posts

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.