Buffet, like so many vain zillionaires, donates heavily to abortion mills.
The left wing maggots idolize Buffetbutt and $oreA$$ because they are super rich elite left wing fascists.
If they were conservatives, the MSM would cover them like an electron microscope 24/7/365.
Regretably Warren Buffet supports abortion and international family planning, and may channel a lot of money into liberal causes when he dies.
But he has more than proven himself as a smart money manager. If the worst he's done is only a fraction of a percent under the S&P 500, he's a lot smarter than almost any other investor.
The truth is, most investment managers do worse than the S&P 500 almost every year, and sometimes a lot worse.
Buffett said he found "very few attractive securities" to buy in 2004
Investors could pick up some Van Kampen securities (VAP,VCV,VKA,VKI,VPQ,VTF,VTN) fairly cheap during May 2004. Lots of trash paper floating around. Quality securities seem stuck in a flatline, neither cheap enough to buy, nor expensive enough to sell.
Smart does not make you rich and being rich does not mean you are intelligent.
Buffet has said some of the most inane things over the years.
He may know how to value under valued companies, but he has a lot to learn about macroeconomics.
"He was too busy hoping President Bush was blowing it..."
You nailed it! He didn't want to do anything that might benefit the economy during the election, and he lost on both counts. He missed out on some profitable investments and he got nothing in return for his political donations. I wouldn't trust him to put my change in a parking meter.
The man has never split his stock that's why his portfolio Berkshire Hathaways Class A & B stocks are so expensive. The so-called "little people" can't afford it. Also, that's why I'll never buy GEICO insurance which is owned by Berkshire Hathaways. Still maintain the man isn't the financial wizard that Wall Street makes him out to be.
Business acumen != political acumen
See Bloomberg, Michael