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If you lost money in the stock market in 2008, you are not alone. You may have even done better than Warren Buffet, the guru of Brokebuck Mountain. Unless you lost more than 11 billion dollars last year, of course.
http://www.dailyfinance.com/2009/02/28/buffett-admits-dumb-investing-mistakes-in-2008-berkshires-wo/
I don't doubt his IQ, but intelligence in itself is not the answer.