Berkshire Hathaway 2009 Annual Report

Warren Buffett issues his commentary on markets and the economy in Berkshire's annual report. The Oracle of Omaha also injects some humor describing his follow on purchase of insurer Geico with the following old Wall Street joke: Customer: Thanks for putting me in XYZ stock at 5. I hear it’s up to 18. Broker: Yes, and that’s just the beginning. In fact, the company is doing so well now, that it’s an even better buy at 18 than it was when you made your purchase. Customer: Damn, I knew I should have waited. Berkshire Hathaway 2009 Report