When the story broke in the NY Times in October 2008, it was a message that seemed very clear. Sure, Mr. Buffett provided a good amount of wiggle room that provided a backdoor for his call to “BUY AMERICAN” – now. But he did tell us that it was time to put money to work. Now, markets are down considerably, his holdings are a mess and he looks back to a bad call in retrospect.

Is he sorry that he, the richest and most successful investor may have persuaded investors to add to their investments at a very bad time? Should he be? I suppose only time will tell…