Stock Market 'Buffets' Bill Gates

If you think you had a rough September, consider Bill Gates. Critics may have savaged his cryptic Vista commercials with Jerry Seinfeld, but it was in his stock holdings that Mr. Gates took a real beating. Forbes magazine, whose Forbes 400 listed Mr. Gates as the richest American in late August, figures he lost $1.5 billion between August 29 and October 1. That would mean that Mr. Gates’ pal Warren Buffett has emerged as the wealthiest American. Forbes reckoned that Mr. Buffett’s net worth... [read full story]