Warren Buffet Runs Berkshire
Hathaway
The Berkshire Fund Goes South
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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.
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"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'.
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This Fund Is As Stable As A Pyramid?
The premise is that Buffet's insurance companies, jet leasing, and
hot dog stands, are infallible.
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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.
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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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