Warren Buffett to CNBC: No Regrets From Crisis Weekend One Year Ago

Warren Buffett tells CNBC he has no regrets about any of the decisions he made over the weekend one year ago in September, 2008, when the financial crisis was at its worst.

WARREN BUFFETT: Well, I think — I think Lehman was destined to fail unless the government came in big time. And — [...]

Warren Buffet’s Annual Letter 2009

Warren Buffet’s Annual Letter will be released at 8:00a ET 2/28/2009.
link
Key Takeaways:
Buffett also predicts the economy will “be in shambles throughout 2009 – and for that matter, probably well beyond – but that conclusion does not tell us whether the stock market will rise or fall.”
“our country has faced far worse travails in [...]

Cramer – Disagrees with Buffet’s New Stake

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Cramer says don’t follow Buffett based on Buffet’s new holdings:
-Slashed its holdings in Johnson and Johnson [JNJ] to just 28.6 million shares as of December 31
-Smaller cuts in ConocoPhillips [COP], CarMax [KMX], US Bancorp [USB], Buffett wasn’t just selling in the fourth quarter. Berkshire increased these holdings:
-Increased holdings in NRG [...]