Well 2008 was a horrendous year for the investment community. Even the world famous Warren Buffet's wasn't spared from this global crisis. 2008 was the second time whereby Buffet's portfolio has dipped into the negative territory. 2001 was the time when all the dot coms companies were supposedly the new force of the economy and Bufeft missed the boat because the didn't understand the tech sector.
Anyway, read more on Buffet's letter to its shareholder:
http://www.berkshirehathaway.com/letters/2008ltr.pdf
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Yes no one excepted from that 2008 global crisis even Warren Buffet also, Really it is terrible issue.
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