Do you believe anything Warren Buffett says?
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Hell no!
ReplyDeleteNo!!!
ReplyDeleteOf course, the man is brilliant.
ReplyDeleteI have two shares of Hathaway. I believe EVERYTHING he says!
ReplyDeleteHe has made questionable statements in the past...
ReplyDeleteNot on your life.
ReplyDeleteThere are very few people on this planet that I believe what they say.
ReplyDeleteNo one is right all of the time....BUT...he is right enough of the time to be a billionaire. YES
ReplyDeleteHe ONLY says what's good for him
ReplyDelete
ReplyDelete5:17 is correct.
Buffett's main interest is and has been Buffett. In doing well for himself those who hold stock in his company/s have also seen their share value rise, however he is rarely criticized by anyone.
He is happy to flack companies he has ownership positions in, which is fine.
But he exerts a lot of control over Burlington-Northern railroad which has benefited greatly hauling oil from the Dakotas. The Keystone Pipeline would provide competition. Buffett is tight with Obama. Obama has consistently opposed the pipeline. Do the math.
Some years back when USAir was on the brink he made a cash infusion. In exchange he got newly issued for the occasion preferred stock that paid a handsome dividend, and the right to convert it to common stock if he chose. The company suspended dividends to regular shareholders about the same time.
He has a good track record at managing companies he takes over by leaving good management in place, or hiring those who will.
So, a mixed record.