“His main source of capital is selling life insurance, the proceeds from which are tax exempt. A nice little parlay for WB. He cares not one wit for the rest of us.”
Warren Buffet and Berkshire did quite well before he got involved in Geico and Reinsurance.
He cares not wit for the rest of us? What’s that about? Why should he? He’s just a guy who makes great long term investments and has stuck with his strategy. It’s not a secret. There’s plenty of books outlining what he and Charley have done.
I was responding to what I considered the tone of the comments by RKBA Democrat to be, that WB is a warm and gentle man despensing investment words of wisdom to the rest of us, words which boil down to "buy low, sell high."
Specifically I was speaking of Buffett frequently complaining about how little we, the average American, pay in taxes versus the rich like himself while at the same time fighting meaningful tax reform because he profits by the present system. He supports higher taxes because he will become even richer because of them, to Hell with the rest of us.
That was my beef, not the free enterprise system.
Much as I hat Buffet's politics, he's Midas when it comes to making money. Is there some fund that invests in whatever he does?