REUTERS: Buffett sees some losses at somber Berkshire fest
Sat, 02 May 2009 11:32:00 -0700
Sat May 2, 2009 2:14pm EDT By Jonathan Stempel and Lilla Zuill OMAHA, Nebraska (Reuters) - Warren Buffett acknowledged on Saturday that his Berkshire Hathaway Inc will probably lose money on some of the derivatives contracts that have prompted some to speculate that the world's most famous investor has lost his touch. At Berkshire's annual shareholder meeting, Buffett offered a gloomy forecast for parts of the U.S. economy and Berkshire itself, though he said massive feder
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