Warren Buffet tonight: You may not care for him, but he's infused

[babylonsister]

a lot of money, and loyalty, into our system. Yea, strike while the iron is hot, but I like him for doing it.

Heard on Charlie Rose.

[Warren Stupidity]

1. Buffet 'infuses' for one reason only: profit.

He is perhaps the most successful individual investor ever.

[elleng]

3. Very smart and successful;

anything wrong with 'profit?' Lots of shareholders rely on his thoughts.

[babylonsister]

4. I get that; there's no other reason why he would. But I like his optimism.

Damn, if I had more than what I have, I'd do that, too.

[Hannah Bell]

21. Of course he's optimistic. But not for you.

[Schema Thing]

5. No one, especially not Buffett, does anything for one reason only

[pnwmom]

14. You heard that he's adding his billions to the Gates Foundation?

He's always said he wouldn't be leaving more than a few percent of his wealth to his family. The rest will go to charity.

[Warren Stupidity]

19. Quite a different thing.

He is putting his personal wealth into the Gates Foundation, he is not putting the assets of Berkshire Hathaway, into anything other than investments that he believes will make lots of money.

[Skink]

2. Be scared when everybody is greedy.

Be greedy when everybody is scared. He didn't advocate the Government pay to much for what's out there so I guess I agree now something needs to be done.

[Bozita]

6. I don't ever recall getting those *liar vibes* from Buffet.

That's probably why I respect him.

[lithiumbomb]

8. and he drives a 7 year old lincoln

Granted a Lincoln town car is out of most of our price ranges, but it's low rent compared to a new Mercedes S class and especially since he could afford any car on planet earth.

http://www.forbesautos.com/advice/toptens/billionaire/03-warren_buffett.html?partner=bill_cars_fdc

Stupidly rich, drives an older modestly priced car, and lived in the same house for the past 50 years. So he's probably one of the good guys.

"He lives in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000.<9>"
http://en.wikipedia.org/wiki/Warren_buffet

[JDPriestly]

11. That's not the only house he owns. I believe he owns at least

one other house in Southern California -- or did when Schwarzenegger was running for governor. He advised Schwarzenegger during that contest. Shame on him. Now we are stuck with Schwarzenegger who just vetoed universal health care.

If, as people claim, everyone has access to health care without universal health care, how could setting up a universal health care program increase costs? It would just reorganize how the money that is now being spent is spent.

I wonder what Warren Buffet thinks about universal health insurance. His main business is insurance, you know, but I don't know what type of insurance.

[Cessna Invesco Palin]

17. The California Democratic party is really starting to piss me off.

They passed this universal health care legislation knowing full well that there was no way they could pay for it, and no way that Arnie was going to sign it. It was a stunt.

[JDPriestly]

20. In Europe they take your insurance benefit payments out of your paycheck

like taxes. It's cheaper because everyone has to pay. I think the California plan would have been self-supporting in the end. In fact universal health care costs a lot less than we have now. That is because the administrative and advertising costs are a lot lower. We would save money by having universal health care.

[snot]

7. Link, source? nt

[babylonsister]

18. Charlie Rose Show. nt

[Snazzy]

9. I didn't understand his $5B till I saw this

From: http://bagnewsnotes.typepad.com/bagnews/2008/09/cheneys-head-or.html



"I think there is another way of looking at this picture which, true to this dying administration, says less about politics than it does about fealty. That view simply involves reading the picture, and the center of power, starting from our side, with President Cheney holding court between former Goldman Sach CEO, Hank Paulson (left) and former Goldman Sachs executive Josh Bolton (right) who might as well be Dick's Chief-of Staff rather than Bush's."


Buffet put $5,000,000,000 into Goldman like Friday or so.

[FrenchieCat]

13. I think he did it to infuse confidence into the market.......

As he put his money in as the markets were first failing. I think he did it to assure other investors that their money was good in American financial services....at a time when the CW was that it was not.

Far as the photo, looks like the elected officials are on one side, the administration on the other.

[Snazzy]

15. sure

but Goldman revolves around Cheney. Safe bet. (Or rather, not a bet at all).

[clear eye]

10. I kinda like Buffet. He supported retaining the estate tax

and is giving his kids a relatively small inheritance and giving the rest away to worthy causes. He thinks that if they want to become really wealthy they should do it on their own. He also wants to encourage them to become educated and skilled in something useful.

He also has old-fashioned, 1950's style beliefs about the business community being honorable and paying for its own mistakes.

[FrenchieCat]

12. I like him as well, and he endorsed Barack......

So as far as I'm concerned, he's better than a lot of the other fellas.

[rufus dog]

16. One thing that drives me nuts is

that some people think being rich is a crime in itself. Someone making money within the rules is not evil. Buffet has led an honest life, proposes raising taxes on people in his income bracket and lowering taxes most for those at the lowest tier. People like him understand and support the American Dream, rather than I got mine screw everyone else. Or the converse, I am struggling so it has to be that rich guys fault over there.