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From RCB Investment Management, Taking The Man At His Word
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I've said it many times before in these pages. Warren Buffett is a con man. Plain and simple. Look at how he turned his back on the Coca-Cola whistleblower. Look how he did nothing to rout out the problems at General Re. Warren should have been part of the General Re investigation, but he is untouchable. Look at the deal he got with GS. Warren is as connected as they come. Don't be fooled by his avuncular mannerisms and down home talking style. I have read that the same could be said for Stalin.
Spot on. He's very smart, but much much more so he's over rated. Knight
+100
Moody's bag man, gotta be great to have your own rating agency..no conflict at all, none.
Con man and ACE bookie.
it's funny, i used to think Warren was different from the rest of them, but after these past 2 years, he's a crook just like the rest of them.
he is correct so far.
http://www.nytimes.com/2006/04/03/business/worldbusiness/03iht-buffett.h...
the question is would he be correct without all these bailouts
No one talks about it, he was one of the biggest winners of all these bailouts. He would have lost a ton of money if not fo the bailouts.
The almighty Warren is not as invincible as the media makes him out to be
The entire insurance complex (read bond complex) was a core beneficiary - considering the decimation of the equity markets and the pension funds. Buffet and his insurance/consumer portfolio (not to mention S/P bets) would have been burried.
The fact of the matter is that EVERYONE would have lost every ton of money if the whole finance system imploded. IF the rush to liquidate the money market funds had run the course, it was all over. Sure, larger accounts were "saved" for more than smaller accounts. So what? IIRC, there were many opportunities to buy your share of GS or GE at prices below the Buffett entries. You did get on board, or not?
Warren has shifty eyes. He also blinks a lot. Most of the time he talkes with his eyes closed.
People who are honest and sincere will look you in the eye when talking. People who close their eyes when speaking are trying to hid their lies. It is like they are hiding what they are really thinking. You can tell if a person is lying by watching the pupil in their eyes. If they are lying they pupil will dilate and constrict. So, someone that is lying will try to hide their eyes. Just like Buffet.
Watch what he does not what he says.
Plus, I think that his laughing is also a sign of insincerity to cover up his true feelings.
lol - the wife closes her eyes when she shouts im coming im coming ... i wonder if shes lying - whadya think?
Your wife or my wife?
Not true. You are reading way more into it, and will be burned if you take it to the bank everytime.
People who are more visual close their eyes when speaking. (learn and express things visually as opposed to people who learn with other senses like sound.....as in some people learn better through listening, others 'need to see it', etc.
People with photographic memories as well tend to close their eyes.
They close their eyes when speaking because they are watching what they are saying before it comes out of their mouth.
I do it all the time. My best work has been done with my eyes closed. I have never used this while lying, but then again I'm probably one of the most honest people around.
So you'd think I'm a liar, because I do this all the time, and you would be quite wrong. You are just talking to someone who should have a great brain.
Whenever I'm closing my eyes alot, I know I'm on the ball and at the top of my game. Never is lying entering my mind when this is happening. That would be antithetical to what I'm doing at that point in time.
That said, others may use it differently. WB is an idiot. But closed eyes does not equate lying. Better get a different metric.
Ah, dirty uncle Warren. I'm with Deep being somewhat naive in thinking he was "honest". He did help me to know that I don't know; if you know what I mean. I can get a satellite into geoynchronous orbit, but I can't do the captcha's?
Behind every great fortune is great crime.
btw, consider that there are principles and wisdoms that consistently yield valuable results, even though they cannot be rigorously proven to be true...except anecdotally by 1000s of years of experience.
Buffet's investment accumen is really no different than average. His early success can largely be attributed to luck. His particular investment philosophy fit where the market happened to go. His later success is largely a function of using his financial resources and connections to do stuff you can't. He buys big stakes in businesses which gives him access to management, the board, and insider information. He can buy whole companies, which comes with certain benefits. He gets the call from GS with the sweetheart private placement preferred deal, but then you probably don't have $10 billion looking for a home like he does.
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