LYCOS RETRIEVER 
Warren Buffett: Wall Street
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As the fortunes of big Wall Street firms sink, Berkshire Hathaway, the holding company that Buffett runs out of Omaha, Nebraska, is on a tear. Its Class A shares have jumped 27 percent this year, their best showing since 1998, when they soared 52 percent.
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Buffett disclosed yesterday that the company held 69.6 million shares of Kraft on June 30 and 107.2 million on Sept. 30. The Wall Street Journal in July reported Berkshire had acquired a position of less than 5 percent of the shares, citing an unidentified person familiar with the purchase.
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On Friday, Buffett stunned Wall Street by announcing that he would enter the troubled bond insurance business. He ... spent about $440 million for a unit of ING Groep, the Dutch financial giant.
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Today's Wall Street Journal reports on a rumor of a rumor: perhaps someone might think that someone else might claim that Warren Buffett is going to bail out the mortgage industry. It's cargo cult finance: what contrarians do is unexpected,...
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Thousands of investors on and off Wall Street study what Buffett does. It's no wonder: Over the past four decades he has built Berkshire Hathaway into a $216 billion company with businesses ranging from insurance and corporate jets to ice cream and underwear.
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The fallacy of the Buffett legend is the buy and hold mantra he helped promote (which is not exactly what he did to get rich). Buy and hold is not the panacea Wall Street and Buffett proclaim.
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