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SAN FRANCISCO - DECEMBER 11:  Democratic presidential hopeful Hillary Clinton and billionaire investor Warren Buffett talk onstage at a fund-raising event December 11, 2007 in San Francisco, California. The junior U.S. senator from New York was joined by Buffet, who has not endorsed Clinton and has also hosted a fundraiser for Clinton's chief rival for the Democratic nomination, Sen. Barak Obama of Illinois. Buffet has called both candidates "presidential."
SAN FRANCISCO – DECEMBER 11: Democratic presidential hopeful Hillary Clinton and billionaire investor Warren Buffett talk onstage at a fund-raising event December 11, 2007 in San Francisco, California. The junior U.S. senator from New York was joined by Buffet, who has not endorsed Clinton and has also hosted a fundraiser for Clinton’s chief rival for the Democratic nomination, Sen. Barak Obama of Illinois. Buffet has called both candidates “presidential.”
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OMAHA — Warren Buffett remains optimistic about the prospects for his company and the nation even though Berkshire Hathaway turned in its worst performance in 44 years in 2008. The widely followed investor says the economy likely will remain a mess beyond this year. Buffett used his annual letter Saturday to reassure shareholders that the insurance and investment company can withstand the turmoil.

Buffett wrote he’s certain “the economy will be in shambles throughout 2009 — and, for that matter, probably well beyond — but that conclusion does not tell us whether the stock market will rise or fall.” Post news services; AP file photo

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