We’ve previously aired our gripes with the media’s fawning over Warren Buffett, and the pandering was in full bloom again at Berkshire Hathaway’s annual shareholder meeting in Omaha this weekend.
Imagine if the media gave every wealthy investor as much opportunity to shill for their holdings the way they do for Warren. The stock market might never go down (instead of falling, oh, once every eight or ten sessions like it does now). For all his folksy wisdom and grandfatherly chuckles, make no mistake — this cat can talk his book with the best of ‘em. Here’s all you need to know, from WSJ:
Mr. Buffett, who invested $5 billion in Goldman at the height of the financial crisis, said he didn’t believe that Goldman had acted improperly.
Indeed, Warren. You have at least five billion reasons not to believe Goldman acted improperly.
November 17, 2010
[...] it part of his duty. But his shtick is as transparent as it gets, citizens. Regular readers know we’re not the biggest Buffett fans. Our big gripe is that this guy is crafty at talking his [...]