Marc Gerstein

Warren Buffett Portfolio: Going Beyond the Folksy Stereotypes to Find All-Star Stocks

I saw Winkler's article and I don;t buy his premise. I can just as easily argue that everybody was bailed out by the taxpayers, you, me, everyone because who knows what the heck would have happened to the financial system had the bailouts not occurred. Maybe you agree. Maybe you don't. That's a political debate, not an assessment of Warren Buffett.

And speaking of Warren Buffett, as good as he's been over how many years, 2008 was a nightmare for him and his shareholders (one of who is me), so I don;t see that he got a free ride. If he has the wherewithal to dive into disaster and probably come out smelling like a rose later on, that would be the due to the accumulation of all the success he had going in, and assuming that's how it turns out, more power to him. In every walk of life, long-term winners can get away with things most people can't. Suppose Bill Bellicheck didn't win all those super bowls in New England. with a personality like his, do you think he'd ever be able to hold a job? Of course not! Winning has many reward, for Bellicheck, for Buffett, for everyone. That's life.


On Aug 06 11:38 AM swaps wrote:

> Good article, but you should also check out Rolfe Winkler's Seeking
> Alpha article today on Buffet.
> Warren Buffet too would have evaporated into oblivion last Septmeber
> if the disappearing American middle class had not bailed him out
> along with the rest of the banking system with massive fiat money
> creation to offset the derivatives black hole.
> i know, the middle class did not really bail out Buffet - but their
> remaining imaginary equity was the only asset the elites had left
> to forcibly borrow against , with interest charges to accrue.
> Winkler details accurately the Buffet hypocrisy.