The Myth and Mystery of Warren Buffett

Good semi-rant from Rolfe Winkler about the myth and mystery of Warren Buffett:

But it turns out much of the story is fiction.  A good chunk of his fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out…

…It takes remarkable chutzpah to lobby for bailouts, make trades seeking to profit from them, and then complain that those doing so put you at a disadvantage.

More here.

Comments

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