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What a year

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S&P 500 index (google Finance), the US bench mark index used by many mutual fund managers, dropped 38.49%. Even the greatest investor guru of our time Warren Buffett could not escape the bear attack, his holding company Berkshire Hathaway (NYSE:BRK.B) dropped 32%.

SP500_2008_small
(In 2008 S&P 500 index dropped 575.24 points or 38.91%, from 1478.49 to 903.25)


BRK_B_SP500_2008_small
(BRK.B vs. S&P 500)

But the US investors should feel lucky, when compared to the Chinese investors. Shanghai composite index (SHA:000001), the benchmark index in China, dropped 65%.

SH_000001_2008_small

Now I understand why Buffett he would rather live in the US 🙂

The following is from Yahoo Tech-ticker:

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