Tony Petroski

Buffett's Burlington Buy Is Really a Bet on China

From the article:

"Not only can BNSF transport goods to port for export to China, but on the return trip it can drop off inventory from China at every Wal-Mart (WMT) from L.A. to Chicago."

Huh?

Good News for Transports: Well Played, Mr. Buffett

The title is "Good News for Transports: Well played Mr. Buffett."

Then we have this:

"If one wants to draw a conspiracy theory to all of this, they could very easily. After all, Mr. Buffet is very close to the Obama administration and he did invest heavily last year knowing things were very bad, worse than he let on. He also did this on the day that the transports were about to melt down as well, so, as I said, one could very easily draw conspiracy theories from this purchase. However, I believe the transports will still melt down, it will just take a bit longer than expected."

Buffett isn't close to the Obama administration (he may think he is) and according to the article, Mr. Buffett has bought into a sector that is going to "melt down." Either he is wrong or you are Ray.

Buffett's Latest NYT Op-Ed: The Greenback Effect

Buffett is still caught in the grip of global warming hysteria. How far-sighted can he be? Hasn't someone told him it's now "Climate Change" so we can tax and regulate people whether the trend in temperatures goes up or down.

Cap and tax will do as much damage to the US economy as the inflation he worries about. Indeed, one way to keep a lid on inflation is to make sure the economy never recovers.

Buffett thought he was undertaxed. He's going to get his wish.

Beware the Buffett Effect: Part II

From the article: "Nevertheless, his fortune has been built on being patient and waiting for the market to take a big drop, and then going in and buying everything cheap. Is this not market timing? You better believe it is!"

Here, here. I'm tired of getting the Buffett quote which says "I don't know what the market is going to do tomorrow or next year, nobody does..."

It is Buffett, not Buffettt? I thought perhaps he felt he needed an extra tee.

Don't Hate Warren Buffett, Hate the Game

I love Buffet: "I have no idea where the market is going, it may go up, it may go down, but I am committing 45 billion to my next investment..."

He also thinks he is undertaxed. So send us the remainder.

He thought he was tight with Obama but he wasn't.

Nothing that a few billion can't cure.