All in a matter of weeks we have gone from "the sky is falling" to dropping gas prices. People weren't happy before and they are not happy now. Is change and misery the only constants left in the world? Not from where I am sitting.

Following the great hedge funds such as Baupost, Greenlight, Tiger, and Okumus has led to high historical returns. A tracking portfolio of the top funds is up over 11% YTD.

Following a simple update of Buffet's holdings would have resulted in strong outperformance, with no down years since 2000.

Berkshire Hathaway filed an update to its stock holdings yesterday. Let's look at what Warren Buffett has been up to this past quarter.