[BooBoo1000]

I detect a great deal of mendacity here. So-what if Warren swaps one thing for another. He had created so many jobs, and paid so much in taxes of one kind of another. I also see a lot of jealousy, if you don’t like Warren;s tactic start selling Coke at a fishing camp as he did.

[Fred Hayek]

I am not criticizing Buffett’s acquisitions at all. Although I may have some disagreements with him (such as what Churchill called “negotiating with the crocodile” in this case the crocodile being Washington), Buffett has been a long term investor. This is not a swap, this is an addition to his Lubrizol portfolio. If Buffett acquires a company, that is because he sees the long term potential, and many times he goes beyond the initial acquisition and pours more capital to strengthen that investment. This I have seen directly. And no, I have not drunk the Berkshire Hathaway kool aid, I just see Buffett as a shrewd investor, not by any means any of these heavily leveraged suits that just flip companies.