Hmm?!

2 Concerns with Michael Lewis's Review of Buffett Book 'The Snowball'

My personal curiousity is around Wells Fargo.....I think that one will really hurt Buffet in the end. A LOT of Ninja / liar loans on the books!

Other wise his decision to loan more money and buy less equity looks quite wise.

Top 5 Quotes from Berkshire's Annual Meeting

Thanks Jeff. That removes some internal conflict for me. It admits the higly overleveraged reality we are in.

I have noticed that Buffett is increasingly avoiding common equity and lending out Berkshire money for high interest preferreds and warrants. Berkshire also put a lot into COP, a commodity based stock.

IMHO: I think Buffett knows governments have screwed up the monetary gears, ....but being publicly negative about government has no positive consequences, ...and is not doing yourself a favor.


On May 03 12:41 PM Jeff Miller wrote:

> WB did not say that we are headed into stagflation. The CNBC transcript
> cites him as follows: "Inflation has the "potential" to be worse
> than the 1970s." www.cnbc.com/id/29592831
>
> The author of the piece in your link mentioned that the 70's was
> a time of stagflation. The term "stagflation" is not mentioned in
> the transcript.
>
> WB remains positive on economic prospects, as this helpful summary
> indicates.

Buffett on Alt Energy

CAN WE ADDRESS THE REAL PROBLEM!!!

The real problem which may never be addressed at this rate.......there is no incentive to store AC power. Just plenty of non-toxic ways to do it (another story).

Twelve years ago I wrote a paper on how North America was becoming one large power grid. So Peaking units that only provided useful power 5 to 7% of the day could be mothballed.

Basically it took several days to get a large generator up, running and in sync with the grid. It still can't be done in a day.

So every 24 hours we provide for peak demand, waste horrendous amounts of electricity.............. I have to listen to enviro-idiots talk about solar panels (future toxic waste) and windmills.

Until we have a total brownout one cloudy or calm day and have wasted billions of dollars. Maybe then the envir-idiots will say.... there are green ways we could store all this AC power stuff. We got tons of it every night.

You mean turning down my AC and walking around in the dark for 20 years actually wasted more power than it saved......did almost zero for the environment? Yes unfortunately it does everyday.

Buffett and the Banks: Make the Most of a Bad Situation

On Mar 04 11:34 PM Aristophanes wrote:
The highest era of redistribution was from 1945 to 1970 when the highest marginal tax rate was 90% and most higher earners (the top 20% of working citizens) paid well over 60% of their earnings to Uncle Sam. That was a very prosperous time.

>> It would be nice to go back to that......today the top 10% of taxpayers pay 70.79% of all taxes and counting.

www.taxfoundation.org/...


On Mar 04 11:34 PM Aristophanes wrote:
In your example, "propping up the lenders" would do the opposite of what you say. Since the "lenders' are large banks with very high comparative, Executive and management pay scales, then the tax code changes are only shifting wealth from the haves not in banking to have in banking. now, this was going on anyway, when it was called "investment". Obama s simply making sure that the wealthier investors follow up on their commitments to those companies they bought. And it's not a bad idea since the have nots were not running the banks. Let's give them a break.

>> Rarely on this website have I seen such a nonsensical load of crap! The government wants to play God and somehow SOME people still believe the government can take money from wise investors run it through congress without pork or corruption, spend, not invest and it will be an efficient use of capital. Because the same government entity (congress) was unable to stop corruption from within and protect the American people in the first place now you think they should control everything??

Buffett and the Banks: Make the Most of a Bad Situation

Buffett supported him.....in what respect? I am pretty sure he did in some respect.

But the Obama campaign also claimed the support of the heritage foundation among others....and kept playing that claim in tv commercials several hundred times after being legally served a cease order.

On Mar 04 09:19 AM ilovesum wrote:

> well buffett supported obama during the election , now he doesn't
> like him ?