Seeni was wondering about how this bear market would compare to the great depression. Here is a neat comparison I found sometime back at dshort.com. I guess the image there gets updated daily.

Berkshire Hathaway is down more than 60% since I last blogged about it. The cost of protecting against a default by Berkshire, yes you read it right - default by Warren Buffett's Berkshire, has more than tripled. Crazy times.

Barron's story says Warren Buffett's company is too pricey. Their valuation is $130, 000 a share. Well it came close to that price within a day. Well, you may wonder what am I doing monitoring this share. Someone said there are class B shares of the same company for people like me. Guess its price $4510 ! That is what is called overestimation of someone's net worth.

BTW, If you are shopping for books feel free to skip "The Warren Buffett Portfolio". Instead read the Warren Buffett's shareholder letters.

Why is Google stock options making a millionaire news ? Unless the writer wanted some of us mortals to introspect the decision to join a company in the height of dot com boom and get stock options. Infosys is doing bad too. I am not alone.

Two Quotes that came to my mind early in the morning.

"But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions .." - Alan Greenspan. (wiki)

"Neither we nor most business managers would dream of feverishly trading highly profitable subsidiaries because a small move in the Federal Reserve's discount rate was predicted or because some Wall Street pundit has reversed his view on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?" - Warren Buffett.

Invested based on instinct. Made 200% profit. Followed technical analysis to invest the profit. Lost all of it. Options suck. Or is it the analysis ?