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05/04/09 - (1)
Taking Consolation
This past Saturday, in a downtown-Omaha auditorium, 35,000 devoted pilgrims came to worship, At the annual Berkshire Hathaway shareholders meeting,
And take solace from their revered financial and spiritual guru, Seventy-eight-year-old Warren Buffett, Hoping for a sound bite of propitious wisdom, from on high,
Prophesying an end to the extending tunnel's dark void, Anything to make the recession go away, Neutralize BRK-A's 39% decline in share value since December '07,
The 62% profit loss, on the balance sheets Of the almost eighty companies it boasts, in its diversified portfolio, And return the stock to its all-time high of $149,200.
But all they heard were some clipped, cryptic pronouncements That might have dropped from the lips of Chauncey Gardiner: "It has been a very extraordinary year";
"When the American public pulls back the way they have, The government does need to step in"; "It is the right thing to do, but it won't be a free ride."
If there were any consolation for the faithful who made the hajj, It's that the Class A common shares held by many Still had a liquid market value of $92,005 apiece,
Which, in the global scheme of things economic — Instantaneous disappearances of ordinary, hardworking people — Should still seem like the silver lining in the pot of gold at rainbow's end,
Especially when the dumb-luckiest among them, Who bought in, between '65 and '70, consider that a share, then, Cost what five gallons of gas does, today.
05/04/09 - (1)
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