Financial Crisis?

Hm, not everyone suffers from the financial crisis apparently. Ever heard of Warren Buffet? He's an American investor, businessman and philanthropist... and also one of the world's most successful investors and the largest shareholder & CEO of Berkshire Hatahway. Still doesn't ring a bell? - how about the richest man in the US!!??!!

While most people have lost big money, maybe even millions, or maybe even billions if your name happens to be Bill Gates for example..Mr. Buffet made $8 billion instead. :)

Read the below article published by Calcutta News.Net, Saturday 11th October, 2008:
Billionaire investor Warren Buffett has once again become the richest American, only weeks after Bill Gates was given the title.

Forbes magazine has recalculated the fortunes of some of the 400 wealthiest Americans and has deposed Microsoft co-founder Bill Gates, after assessing the effect of the current financial crisis.

Seventeen billionaires on Forbes list have lost more than $1 billion in the past month.

But, Buffett has managed to boost his wealth by $8 billion to $58 billion, pushing Gates down to second place after his fortune fell to $55.5 billion from $57 billion.

Gates had been ranked No. 1 on the Forbes 400 list for the past 15 years with his Microsoft fortune.

Buffett made his money by building his company Berkshire Hathaway into an investment firm with strong management.

Talk about a good portfolio investment!!! :) I think it's safe to say he really is one of the world's best investors. However, it doesn't really seem like any of the other "Forbes fellows" will have to worry about living on the street, even after losing a few billions here and there... now, does it?