Listening To Warren Buffet Could Create The Next Depression

Toogood Reports ^ | May 9, 2003 | Mary Mostert

[lucyblue]

bump

[walden]

Keep this BUMPED!

[MinuteGal]

I watched Buffet the other day on the Cavuto show. I was ready to throw myself off a cliff because of all the gloom and doom I heard from his mouth. It was so negative and destructive that I felt that this oily character was actually an enemy of his own country's well-being. Neil offered none of his usual challenges, altho in fairness, Buffet mouthed off at such length that I think Cavuto ran out of time.

The replier above is correct. Buffet has his own $$$ agenda, nothing more.

Leni

[Black Agnes]

ping.

[OldPossum]

In the article it is noted that making money is Mr. Buffett's "primary goal in life." From what I have read, it is his SOLE goal in life. Never understood those individuals who cannot call it a day and retire.

[fightu4it]

"Listening To Warren Buffet Could Create The Next Depression."

Should read:" Not Listening To Warren Buffet Could Create The Next Depression."

[fightu4it]

What is Alan Greenspan's net worth? End of arguement!

[fightu4it]

When BH got into negative numbers a while back, Buffet worked some magic and they were in the black again.

Greenspan, with all the resources available to him, has not been able to produce anything even close!

[SamAdams76]

If I hear "Cheeseburger in Paradise" one more time, I'm headed into depression. I am so sick of this guys music. It was old 20 years ago. I went to a Parrothead concert once. It was sheer hell. A bunch of over-the-hill, beer-bellied middle-class managers in Hawaiian shirts pathetically trying to grasp a last shred of their youth as they sip $7 frozen margaritas out of plastic cups. Yeah, I was one of them. But never again. Never again.

[Stand Watch Listen]

errrrr... that would be Jimmy, not Warren but this would explain the confusion... ;-)

"....trying to grasp a last shred of their youth as they sip $7 frozen margaritas ...."

[Marysecretary]

Now he's telling everyone that Bush's tax cut proposal is a bad one. People listen to this crap and believe it.

[Always Right]

Buffett, a $36 billion Democrat....

If Buffett is so smart why is he a Democrat? Buffett may be genius on how he made his money, but he is far from a guru on everything else. I frankly am sick of the doom and gloomers that post daily crap about the coming depression.

[cynicom]

Regardless of how the econmy performs, Buffett will make money. Therefore he feels free to argue either side of the economy.

[betty boop]

...there are lots of new ideas out there that can and will make money and create new jobs – if investment money is not totally dried up by scare tactics, the blame game, multi-billion dollar lawsuits and billionaire Democrats who try to scare people for political or financial gain.

Great post, Stand Watch Listen. I truly admire Buffet's business acumen; but really, he may be engaging in setting up a self-fulfilling prophecy here, as the present author suggests. He's a guy who has made a ton of money out of distressed businesses. If he helps to dry up capital formation with his predictions of doom and gloom, then he of all people would stand to benefit.

I'm surprised that nobody has yet mentioned the "significance" of last week's Kentucky Derby winner, Funny Cide -- the first gelding since 1929 to win the Derby. Of course, we all know what happened after that -- the stock market crashed, and a depression that lasted some ten years settled over the land. People looking for "signs and portents" by which to know the future might want to put that "negative leading indicator" into their ruminations....

[wardaddy]

Buffet is a very successful raider. He is not here to help anyone but himself and his shareholders. A gringo Soros.

[appeal2]

Sir John Templeton, a $5 billion dollar republican who fled excessive taxation in the US by moving to the Bahamas states that tax cuts are like magical elixer to the economy. Take your pick.

[STONEWALLS]

.....I'm a former BRK shareholder......I got out because of his steadfast refusal to pay dividends and at my stage in life I want dividends....he knows that if dividends are ever tax free he'll be under stockholder pressure to distribute profits and he doesn't want to do that....he doesn't want to let you keep your money.....same as the big Libs in Washington.....
Good luck to everyone!
Stonewalls the Ant

[Jackie]

TO: ALL

Where will THIS story go?:

NYSE's Grasso rakes in $10M

Report: Chairman of the exchange amassed retirement package between $80M-$100M.

May 7, 2003

[Excerpt]

NEW YORK (Reuters) - New York Stock Exchange Chairman Dick Grasso, facing a market downturn and criticism of the exchange's specialists, earned more than $10 million last year and has amassed a retirement package worth $80 million to $100 million, according to a published report Wednesday.

CLICK

[CdMGuy]

I'll take Templeton any day. Buffett is a Democrat who has made lots of money. Well, good for him, but where was he when Clinton was president? Now, he comes out of the woodwork and continues issuing negative statements the past two years. Good for Greenspan for coming back at him.

Buffett thinks that his poop doesn't stink, and we should all bow down and worship every time he speaks. No thank you, Warren. Personally, I think that your lifestyle is just as weird as your pronouncements.