Posted on 11/04/2007 5:51:47 AM PST by Cassandra Oz
Many of Buffett’s investments are in businesses that are heavily regulated, such as GEICO with their insurance business. Do you think he would support de-regulating the insurance business?
“Buffet is a value investor.”
Is there any other kind?
Buffett is just playing the same game that all the lib billionaires play. They pretend they are in favor of the little guy. They’ve modeled themselves after James Taggart of Atlas Shrugged, except that unlike Taggart, they know how to make money.
The other part of their game is that they are not really for high taxes on themselves. They are in favor of high taxes on people who earn $150,000, $200,000, or $300,000 per year. If people who earn $200,000 per year pay higher taxes, then they (who earn tens of millions of dollars per year), won’t have to pay as much.
most investors run away during a crash
Update your argument..Buffett sold all HRB....
He is easy to understand. His primary cash cow business is life insurance. He is adamantly opposed to eliminating the inheritance tax because his companies sell a very profitable insurance program for those who want to preserve their businesses or estate.
At the same time, he is a fierce supporter of the special laws and trust agreements that permit him to leave the bulk of his resources immune from inheritance taxes.
Knowing these two facts make his behavior more understandable.
One-word answer: hypocrisy. Buffett made his fortune at the seat of the most capitalistic endeavor in the world: he bought it on Wall Street. Yet he has the monumental audacity to suggest that tepid socialism is the answer to society's ills. Back in the 60's, Buffett was a contributor to a communist magazine run by west-coast "revolutionaries." How hypocritical is THAT?!?!
Yes, but the point is that everyone is looking for “value” when they invest, they consider that what they are investing in is relatively under-valued and will hopefully increase in value in the future.
no, many chase recent performance and momentum whether it was internet in the 90’s or gold and real estate in the 00’s
That’s not investing, but speculation.
bttt
The liberal elitists seek a society that is comprised of the rich/governing, elitist class and the poor/governed, serf class with the ruling elite taxing the upper end of the serf class and then doling out these proceeds to the lower end of the serf class. The middle class is an anathema to the ruling elite because it aspires to financial independence, the true enemy of the elites.
Thank you!
Will Americans not wake up?
The international wealthy can make a lot of money with any particular nation's "economy", (production, exchange value, etc.) going in either direction.
(Actually so can you or I, if we pay enough attention, and can deal, say, from Switzerland).
If anyone of us knew about 9-11 two days before, we could be wealthy beyond our dreams, (also of course, if we weren't above making money off tragedy.)
Warren Buffet, George Soros, Sumner Redstone, the Salzburgers, etc. have NO commitment whatsoever to a prosperous United States! Anyone who thinks otherwise is naive; and any Senator, or President, who is paid by the United States taxpayer, and who supposedly serves the United States taxpayer, who does not say this loud and clear (and they all know it) is a traitor.
The Council of Foreign Relations is just a bunch of international wealthy a**holes who need to meddle in human affairs. How obvious is it?
Kenneth Clark in his masterful "Civilization" explains specifically that personal affluence is great, for leisure, for innovation, for invention, up to a certain point; after which it seems the wealthy just seek power over others.
In a way, a very real way, we are just their playthings. Is it not obvious with Eliot Spitzer?
Incidentally Henry Ford warned about this very thing.
Articles like this are annoying when the game is so friggin obvious, from history, from current events.
Seems like Republicans pretty much do this too. Maybe it's because the Dems are honest about it up front.
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