Understand your thoughts re: ethics. Agree about the disinheritance, but I don’t know his kin’s attributes. One key missing ingredient in Buffetts comments, and which stands to net him a pretty penny— is the collapse of Fannie and Freddie. This smoke and mirrors approach to their catastrophic losses is shameful. These units should be written down (just like the banks should have been) to pennies on the dollar and then put on the market. Instead, Buffett and others are propping up the Fed for yet another money printing reward for absolutely criminal behaviour. The false economy will remain false and Buffett is singing the praises of the false facade economy. As they say, a “jobless” recovery. See what Arthur Laffer has to say about that. Us country boys have laid in 3-4 years of stock and supplies for the urban rage at such devaluation of currency. Gold today, jumping again. I don’t buy gold. I buy stuff people will NEED.
Hope youre wrong but not betting too much against you. We’ll have to see what Nov brings.