I have put both my foot and my money in my mouth. I went on investment "tilt" and ended up being the patsy at the poker table. I should have taken my own advice when I said that "it takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
-- Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company. -- Douglas A. Kass is President of Seabreeze Partners Management, Inc. the General Partner of Seabreeze Partners Short LP and Seabreeze Partners Long/Short LP. Doug Kass writes daily for RealMoney Silver, a premium bundle service from TheStreet.com. For a free trial to RealMoney Silver and exclusive access to Mr. Kass's daily trading diary, please click here.
Know What You Own: Other financial sector stocks in the Berkshire Hathaway portfolio include M&T Bank (MTB), Torchmark (TMK) and SunTrust Banks (STI). For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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