Buffett and the Dollar

Earlier this year I wrote about Warren Buffett and his dollar trading. Now, it seems things have changed for Buffett’s speculative forays into currencies as seen in this Baltimore Sun article.

An excerpt:

“Berkshire Hathaway shareholders do. Not long after boss Buffett decided he was not just a stock-picker but an applied macroeconomist, competent to bet on global fund flows, Berkshire began lagging behind the stock market. Last month, Berkshire shares hit their lowest point in almost two years, although the drop is partly connected to anticipated costs from hurricane-insurance claims.”

Markets move up and down. Given that Buffett has been a value guy who buys low and sells high, I am still curious as to his exact currency trading strategy. More.

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