Is Buffett Worried About An Upcoming Stock Plunge?

09-08-2009 • Slate

Warren Buffett lost about $25 billion during the financial crisis, but he still managed to make the most out of the situation by attempting to profit from the downturn. His picks could reap huge rewards, but right now, Berkshire Hathaway appears to be taking a more cautious approach, buying fewer stocks than it is selling, suggesting that Buffett is getting worried. At the same time, "Buffettologists" say that as his inevitable retirement approaches Buffett is also thinking about his legacy and is more concerned about making investments that will give out profits in the long-term.