The 2008 spike in price lasted just a few days. That was a monumental few days that
will - or at least should - go down in the history of not only Berkshire, but global finance, as this company's shining moment.
It was the short period between the two Tarp votes - after the first vote failed and before the second passed. There was no assuredly safe haven anywhere -- even in money market funds or almost any sort of 'insured' accounts. Nobody knew who might fail and who might survive.
Where was there to go? (that's just rhetorical now, of course)
There may have been no other time, ever, where a single, publicly traded company has been held in such esteem -- as measured by investors actions, not words. When history is written on this, the Goldman investment, Buffett's editorial to the public, other aspects will be remembered. But the market's assessment of Berkshire that week was where the rubber really hit the road. I hope that's remembered as well.
will - or at least should - go down in the history of not only Berkshire, but global finance, as this company's shining moment.
It was the short period between the two Tarp votes - after the first vote failed and before the second passed. There was no assuredly safe haven anywhere -- even in money market funds or almost any sort of 'insured' accounts. Nobody knew who might fail and who might survive.
Where was there to go? (that's just rhetorical now, of course)
There may have been no other time, ever, where a single, publicly traded company has been held in such esteem -- as measured by investors actions, not words. When history is written on this, the Goldman investment, Buffett's editorial to the public, other aspects will be remembered. But the market's assessment of Berkshire that week was where the rubber really hit the road. I hope that's remembered as well.
