Thursday, February 04, 2010
Berkshire loses AAA rating from S&P
“The [Burlington Northern] railroad acquisition will reduce what historically has been extremely strong capital adequacy and liquidity,” S.&P. said. “Risk tolerances appear to have increased.”So Buffett is willing to take on more risk now.
The universe of investments available to Berkshire are very limited and I'm surprised that they weren't hell-bent on losing their AAA rating a year ago. Maybe things really did look that scary back then.
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