Wednesday, January 2, 2013

Warren Buffet Runs Berkshire Hathaway





The Berkshire Fund Goes South







 
Another Home Spun Yokel Makes Good
Warren Edward Buffett is the 75 year old financial wizard. In the first half of 2008 he was the richest person in the world, with an estimated net worth of $50.0 billion. Buffett also is a notable philanthropist. In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation.  
 



"You Can Trust Me"
One has to assume that Warren Buffet is the smartest man in the world, and has stock market visions.
But there is another choice, and that says this is just another giant wealth transfer. And it's basically a simple concept that says 'If the DOW falls from 14,000 to 7,000, then no amount of Warren Buffet's magic can insulate you'.
 




This Fund Is As Stable As A Pyramid?
The premise is that Buffet's insurance companies, jet leasing, and hot dog stands, are infallible. 9
The concept is stupid. A insurance company takes in your auto premium and invests that in stocks and real estate, and those aren't good places to be. As far as 'Jet Leasing', watch those Zionists walk away from their jets. Anyone thinking Dairy Queen, or Helzberg diamonds, can withstand a depression is nuts.
   



 
All Stock Funds Are Time Bombs
This is no different than real estate, where value is simply perceived by demand. Once people realize things are heading south, than the show is over.
Oh and how I love these legends. Warren Buffet with his 'Midas touch' or Sam Walton, with his red pick-up truck. Sam, the simple country boy, turns out to be a Jewish WW2 draft dodger, that married into a wealthy family.
 



  
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