toobad41

Buffett's Betrayal

I guess Mr. Buffett is no longer your idol. Too bad I think. The difference between you and Mr. Buffett is that he buys into companies (invests) whereas you purchase shares of companies (speculate). When and if you reach a point in your ownership of a company where you can influence what it does by your words and deeds then you can rightfully say you are an investor. Mr. Buffett has a much bigger stake in each of the companies shown in your graph than any one person in the grand scheme of things. So why should he not pony up to where the money is? I think if you were in his shoes you would do the same thing. His move in taking bailout money was the politically correct thing to do. When republicans again control the government and corporate oligarcy is back in vogue Mr. Buffett will again be a capitalist. For the time being he will look like a socialist and go with the flow.