Even as Moody’s shares were being hammered in New York trading, The Sage of Omaha seemed unmoved by his attendant paper loss of $250m or so.
Said Warren, whose Berkshire Hathaway owns a 19.6 per cent stake in Moody’s, at a Madrid news conference:
I would doubt very much that any events of any one day will permanently change the franchise value of Moody’s
Related links:
Is is finally time for Warren Buffett to take Moody’s over his knee and give it a good spanking? - 1440 Wall Street
Moody’s Falls Most Ever After Ratings Error Probe - Bloomberg
