The old guard is showing the upstarts how it's done. The likes of Warren Buffett, Kirk Kerkorian and Carl Icahn have been through meltdowns before. They're still making deals, albeit of relatively small size. Kerkorian, at 90, bought 35 percent of oil and gas producer Delta Petroleum for $684 million, notes the New York Post. Icahn, 71, acquired a large stake in German insurance giant, Munich Re. Buffett has set up a municipal bond insurance firm. The Post ran a caption that read, "Geezers strike back." They seem to be having a ball.
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- here's the New York Post article and graphic