Tuesday, June 23, 2009

Gartman: Warren Buffett Isn't An "Idiot" .. But He Allowed "Inexcusable" Losses

(cnbc.com) Newsletter writer and frequent CNBC guest Dennis Gartman isn't standing behind his reported "Warren Buffett is an idiot" quote.

But Gartman does tell CNBC it's "inexcusable" that Berkshire Hathaway fell roughly 45 percent in one year because Buffett didn't do enough to "mitigate" his losses in a tough market environment.


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