Warren Buffett On CNBC

Warren Buffett is the greatest investor of all time but he is still human and hypocritical at times. This morning on CNBC Warren Buffett's double standard was on display.
  • Buffett complains that the economy and banks were over levered and needed government help but would not say that forcing the banks to raise capital was a good thing. He even hinted that it was unnecessary. He is sour about the fact that Wells Fargo had to dilute shareholders. 
  • Buffet diluted shareholders in the Burlington Northern acquisition but was complaining that Kraft is doing the same. The deals don't look very different to me.  
  • Buffett thinks the rich should pay a higher share of taxes yet lauded Kraft for selling their pizza unit in a way that did not avoid taxes.
One of the better Warren Buffett books out there is Pilgrimage to Warren Buffet's Omaha.  The author looks at what makes Buffett great but also looks at some of his flaws and inconsistencies.

4 comments:

Anonymous said...

What about Snowball?

Warren Buffett is Ebenezer Scrooge in real life. The guy made his daughter reimburse him for paying her 20 dollar parking fee.

He will probably be a pauper begging for change in the next life.

Tsachy Mishal said...

I was not a big fan of Snowball. It was way too long and got too deep into his personal life in my opinion.

Tsachy Mishal said...

He has said at the annual meetings recently that the most important thing is family and that it does not pay to be frugal to an extreme. It seems he has learned his lesson but its likely too late for his family.

Anonymous said...

No it's not, all he has to do is give it all away to his progeny but he's not even doing that. He's giving just a few million and the rest he's giving to the Gates Foundation so they can cure malaria in Africa.

It tells you something about a man when all his kids call him Warren.

Let's just say that if I call my dad by his first name, I would definitely legally removed from the family registry amongst other acts of retribution.