Brad Castro

In Defense of the Oracle of Omaha

Thanks for the article - it's appreciated.

I get tired of listening to little people gripe about Buffett. What was it - 6 or 9 months ago Buffett was supposedly unethical because of his op-ed piece about how he was buying stocks in his personal account and supposedly shilling for the government. And remember how he'd supposedly lost his edge because his warrants were under water shortly after his deal with GS?

It's a very weird sort of capitalism we've gotten ourselves into lately. Obviously Main Street would like to see Wall Street fail (my theory is Main Street doesn't want the TARP money back - since it's much more satisfying to complain nonstop about bailouts that most likely saved the entire financial system from collapsing), but now the clowns are infiltrating Wall Street with their manufactured ethics and imagined betrayals (seriously - Rolfe Winkler is acting like he's still 14 - Buffett writes him a personal note and he's classless enough to publicly bash him in return for being a capitalist?).

I'll take Buffett's ethics and his investments in quality financials (you know, the ones whose survival was really never in question - Wells Fargo, US Bancorp, American Express, and Goldman Sachs) and let the whiners and trendsetters trade in and out of all the other crap Buffett was obviously too smart to touch in the first place - Citi, Bank of America, Wachovia, Washington Mutual, Bear Stearns, Merril Lynch, etc.

Berkshire Hathaway Options Trading Could Facilitate Speculative Behavior

A day later, these options just don't seem very practical for anyone - too cost prohibitive for the small trader and too illiquid for the institutional traders.

LOL - Maybe there needs to be Class C shares . . .

When Warren Buffett Speaks, It's Still Worth Listening

I agree. Buffett makes what he does look a lot easier than it is (acquiring long term quality companies at attractive prices). He undoubtedly has more worshippers than disciples, but that doesn't discount his amazing investment record.


On Feb 27 02:36 PM Chris B wrote:

> If you buy Berkshire's stock, what happens to your investment on
> the day Buffet drops dead?
>
> Perhaps instead of investing in a guru, you should learn how to analyze
> companies as he has done. Buffet has been so kind as to provide extensive
> writings on the subject, even if his most ardent followers are more
> aware of his results than his methods. Oh well, you can lead a horse
> to water...
>
> This little article contributes nothing to a deeper understanding
> of investing. It just says follow the guru and don't worry about
> doing your own homework.

Warren Buffett's 'Secret' Investment Formula

Old Rick - LOL - You "beated" me to it.with your response.