First, Warren buys a chunk of Goldman "Evil Empire" Sachs. The most hated company in the world.
Then he gets caught up in the David Sokol mess.
Then he gets caught up in the David Sokol mess.
*sigh* I blamed myself of not punting Goldman less than $100.First, Warren buys a chunk of Goldman "Evil Empire" Sachs. The most hated company in the world.
Again not so sure what Warren did something illegal other than having mild "dementia", say not asking when David Sokol did the purchase.Then he gets caught up in the David Sokol mess.
But the talking heads at CNBC of the world and the press in general worship him like a god.Warren Buffett is only human like the rest of us.
Maybe but he could very well be underestimated the degree the issue of trust degenerated for the past decades.He may be ruthless in making deals outside his company but he put too much emphasis on trust within it. That is how he can make a calculated wager on Goldman and yet let Sokol slip through his fingers. Trust begets loyalty and betrayal in equal measure.
Again mentioned here numerous times, all of the protagonists are guilty and deservedly so. Doesn't matter he or she is a Democrat, GOP, teabaggers, Union hacks or the "fat cats".I recently read Too Big To Fail, while all the bankers looked rotten to the core Buffett looks like a paragon of virtue - albeit a ruthless one. During a conference call with Paulson and Geithner discussing how to keep AIG from insolvency Buffett told them that he had to cut the call short. He was taking his grandchildren to the local Dairy Queen; owned by Birkshire - Hathaway of course.
http://www.huffingtonpost.com/2011/05/01/warren-buffett-david-sokol-controversy_n_855900.html
Sokol just acted dumb and had a "Martha Stewart" moment.I don't think Sokol did a damn thing wrong.
Again, it won't "matter" much in the eyes of the average Joe and Jane who believe the rich are all guilty by default.I don't think he should feel required to give Mr. Buffet first shot at his good ideas. He doesn't owe BH anything.
Aren't they?Again, it won't "matter" much in the eyes of the average Joe and Jane who believe the rich are all guilty by default.