I think investors over the past year have grown so accustomed to something new and shiny and revolutionary coming every week to get excited about that they've forgotten that making money in markets successfully is about a long term focus and a LOT of boring details and unsexy businesses.

I, like a lot of people LOVE trading stocks and derivatives, and trying to beat the market -- more so as a hobby and as an opportunity to learn more about the more esoteric components of financial markets and how things operate. I've been doing it for over 15 years and I've paid my dues in terrible trades, and seen some great plays work out. The process of options pricing, managing ex-dividend dates and options, derivatives plays, trading styles like position and swing etc all are enormously fun to learn the nuances of. It's a fascinating world.

At the same time, the vast majority of the money that I save for retirement is your standard run of the mill dollar cost aversaging (DCA) into targeted funds based on my risk tolerance, age, and retirement objectives. Really boring stuff that works over 20 years, not 3 months.

Buffet is one of those guys that gets less sexy when volatility is increased, and more realistic when things are boring and people are licking their wounds.

Berkshire is going to be just fine. And they're doing just fine.