Fam62c

Here I Go, Criticizing Warren Buffett

You can't blame a buy for getting the best terms possible for himself, I mean that's what I try to do. Does anybody go out of their way to pay more than they have to for their investments? I think that all the shareholders of GE and GS benefit when WB buys into the company, it's a pretty solid endorsement and it's worth way more in my book than an upgrade from some analyst. Is he a "vulture" investor, I don't know what that means but again, can you blame him for being opportunistic? Warren Buffett isn't doing anything in secret as far as I can tell, he is above board and if there is any conflict of interest the SEC is free to call him on it. Also, both GS and GE were not forced to go along with these deals....they could have said no or bargained for better terms. If you have a problem with anybody it should be with the CEO's at GS an GE because they are charged with the responsibility of doing what's best for the company; not WB.

As far as Buffett telling people to buy stocks goes; it's probably good advice but buyer beware. If you don't have a 5 year minimum investment time horizon you shouldn't be buying stocks anyway....ever. The people trying to make a quick buck in the market may get burned by Buffett's advice to get into the market but the people with years to stay in won't. Note the Buffett is NOT calling a bottom, he never does that. He is saying that he sees value in US stocks at these levels. All that implies is that he believes these companies will be worth more in 5, 10, 20 years; it does not mean that he is certain they will not go down more before they go up again.