WHEN DID WARREN BUFFETT JUMP THE SHARK?

On Saturday, Buffett told Bloomberg Television’s Betty Liu S&P made a mistake and the U.S. deserved a “quadruple A” rating. Buffett told CNBC Monday that he disagrees with Standard & Poor’s decision to downgrade long-term U.S. debt. “If anything, it may change my opinion on S&P,” said Buffett, who is chairman and CEO of Berkshire. Buffett’s Berkshire Hathaway is one of the biggest shareholders in S&P’s main competitor, Moody’s Corp., with about 28 million shares. But the billionaire has long urged people to make their own decisions about an investment’s prospects without relying on credit rating agencies.

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