Investor looks to clean up on crisis, but is moving out of stocks
(NEWSER) - Even Warren Buffett had a bad financial crisis: The Omaha sage personally lost $25 billion in 2008, enough to put him behind Bill Gates on the worldwide rich list. But while many investors hunkered down as markets tanked, Buffett recalibrated, pouring billions into companies—Goldman Sachs, GE, BofA, Amex—that got federal bailouts and saw their stock prices soar. Buffett's conglomerate Berkshire Hathaway looks headed for a massive payday, reports the New York Times—enough to cement his reputation as the best investor of all time. More»
