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Old 07-10-2009, 06:11 AM
 
27,214 posts, read 46,772,227 times
Reputation: 15667

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Warren Buffett Explains How The Bailout Is Crushing Healthy Companies


Warren Buffett says second stimulus might be needed

Warren Buffett says second stimulus might be needed | Reuters


Warren Buffett is not really making sense anymore. I always thought he was brilliant but now I think he is losing it....

His companies aren't doing very well, just as many others, but for him to be in favor of raising taxes...maybe to crush small businesses so he can buy them!

I twice got a quote from his ins. company and it was more expensive than other ins. companies...so the advertising lines he use saying "save 15% on your car ins." was for me "pay 15% extra"....if that is how he does business and people just buy it....that is smart.
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Old 07-10-2009, 06:15 AM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
I agree. Once he jumped on the "we need the bailout", "bottom is right around the corner" bandwagon it was like he drank the koolaid and became another Cramer.

Could be politics clouded his judgement ? He used to call it like it was but something changed and he became part of the herd.
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Old 07-10-2009, 06:16 AM
 
Location: Central CT, sometimes FL and NH.
4,538 posts, read 6,806,877 times
Reputation: 5985
I no longer really care what Buffett has to say. He is an over-exposed self-interested opportunist.
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Old 07-10-2009, 06:39 AM
 
551 posts, read 856,211 times
Reputation: 139
He also said that "America will come out of this better than ever."

...can't wait.
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Old 07-10-2009, 06:40 AM
 
Location: Raleigh, NC
9,059 posts, read 12,976,623 times
Reputation: 1401
Quote:
Originally Posted by Lincolnian View Post
I no longer really care what Buffett has to say. He is an over-exposed self-interested opportunist.
I guess his opinion was convenient to appreciate only when he supported Obama.
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Old 07-10-2009, 06:43 AM
 
551 posts, read 856,211 times
Reputation: 139
Quote:
Originally Posted by ViewFromThePeak View Post
I guess his opinion was convenient to appreciate only when he supported Obama.
He told the interviewer that Obama/WH doesn't call anymore....

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Old 07-10-2009, 06:43 AM
 
35,016 posts, read 39,172,024 times
Reputation: 6195
Quote:
Originally Posted by bentlebee View Post
Warren Buffett Explains How The Bailout Is Crushing Healthy Companies


Warren Buffett says second stimulus might be needed

Warren Buffett says second stimulus might be needed | Reuters


Warren Buffett is not really making sense anymore. I always thought he was brilliant but now I think he is losing it....

His companies aren't doing very well, just as many others, but for him to be in favor of raising taxes...maybe to crush small businesses so he can buy them!

I twice got a quote from his ins. company and it was more expensive than other ins. companies...so the advertising lines he use saying "save 15% on your car ins." was for me "pay 15% extra"....if that is how he does business and people just buy it....that is smart.
"I always thought he was brilliant but now I think he is losing it...."

classic...maybe you should give him a call and let him know where he's going wrong.
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Old 07-10-2009, 06:45 AM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
Quote:
Originally Posted by ViewFromThePeak View Post
I guess his opinion was convenient to appreciate only when he supported Obama.
He ruined his rep by letting politics sway his opinions and investing strategy.
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Old 07-10-2009, 06:50 AM
 
Location: Raleigh, NC
9,059 posts, read 12,976,623 times
Reputation: 1401
Quote:
Originally Posted by HappyTexan View Post
He ruined his rep by letting politics sway his opinions and investing strategy.
I agree completely. I just find it hilarious that libs used advice from capitalists like Soros or Buffett only when it was suitable for cherry picking.

Fortunately for them, chief witchdoctor Krugman is fairly consistent with his insane opinions as well as the retards who graduate from most universities with Keynesian brainwashing.
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Old 07-10-2009, 06:55 AM
 
6,734 posts, read 9,345,633 times
Reputation: 1857
He's just negotiation for better interest rates.
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