When asked what he would do with the stocks of Fannie (FNM) or Freddie (FRE), Buffet said that if he had a three year time frame he would short it. “But shorting a $1 stock is like jumping off a pancake” Berkshire Hathaway’s (BRK.A) Chairman joked.
Part 1:
Part 2:
Disclosure (“none” means no position):None
Visit the ValuePlays Bookstore for Great Investing Books