The house that Buffett built is starting to look like a bargain, with or without its architect.
The past few months have been disquieting for Warren Buffett. Two Berkshire Hathaway subsidiaries were linked to a messy accounting scandal involving insurance giant American International Group. Some investors grew impatient with the Oracle of Omaha for not putting $44 billion in cash to good use. It didn't help that Berkshire reported a 12% drop in first-quarter profits, mainly because of a $307-million loss from a bad bet against the dollar.