About a year ago, I commented on an article that appeared in Barron's which argued that Warren Buffett's Berkshire Hathaway (BRK.A) was overvalued. In my post, entitled Barron's Pans Buffett's Berkshire, I agreed with the article that Berkshire Hathaway stock looked overvalued. A lot has changed since then. Berkshire shares have fallen 45% from their high and hit a fresh yearly low on Wednesday at $84,000 per share.

You know, you try and do a little service like warn people before they're about get their asses torn out so that, I'd don't know, it doesn't sneak up from behind and take them by surprise, and all of a sudden it's like you're the bad guy. It's like you, and not the ass reamers, are the ones causing the rectal prolapse.

LONDON (Reuters) - Private equity firm Antin Infrastructure Partners said on Wednesday it hopes its fundraising efforts will raise more than 600 million euros ($757 million) by the end of the first quarter of 2009.
Speaking to Reuters on the sidelines of a presentation, managing partner Mark Crosbie said the European fund had made contact with potential “friends and family” investors - institutions close to Antin’s sponsor, French bank BNP Paribas (BNPP.PA).

LONDON (Reuters) - Britain’s second-largest pension scheme is mulling a sharp boost in alternative assets such as private equity and commodities and plans to more than double the size of its investment team covering the sector.
The Universities Superannuation Scheme (USS) Chief Investment Officer Peter Moon said the scheme already has 8 percent of its portfolio in alternative investments and has committed another 16 percent. It could boost exposure to as much as 30 percent in the medium term against a previously stated target of 20 percent, he said.

It’s that time of year, when young MBA candidates’ thoughts turn to flights of summer internships. So let’s help them out, through our 6th Annual Internship Rodeo.
Today I am asking private equity firms to contact me via email if you’re looking for a summer intern from the current crop of first-year MBA candidates. All types of firms need apply — VC, LBO, I-banks, Mezzanine, Consulting, Funds-of-Funds, etc. Ditto for geography.