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Warren Buffet most definitely is an entrepreneur. Remember GEICO? Used to be a public corporation that fell on hard times. Buffet bought it, took it private, and runs it. His corporation, Berkshire Hathaway, owns maybe 40 companies outright. General Re. Says Candies. Dairy Queen.

An entrepreneur organizes and operates a business, and assumes the risk of its failure. The reason entrepreneurs are willing to assume the risk of failure is that they are motivated by the dream of success, far beyond the success of labor.

Labor, on the other hand, wants a guaranteed paycheck. No guts, no glory.

Financial buyers are NOT strategic buyers. Buffet is both. Financial buyers simply scarf up underpriced assets which are not related to ongoing businesses.

Most often, strategic buyers are also non-entrepreneurs; they merely scarf up poorly-managed firms which have products/markets which fit neatly into the buyer's arena.

Buffet's buys do not expose him to loss of everything he has; most often, the prudent financial OR strategic buyer sees assets which are re-sellable for close to the strike price--not pure junk.

Yeah--labor expects a paycheck. Something wrong with that? Or are you making the case that there's something wrong with laborers?