Warren has never spoken for the people unless it happens to coinside with it being of benefit to his holdings.

Just shows you how stupid the general public is. They confuse his investment opinions with Warren being on the side of the people. Warren has never spoken for the people unless it happens to coincide with it being of benefit to his holdings. I’m not saying that’s bad, quite the contrary it’s the correct thing to do. It just amazes me that people can infer that his popularity in the investment world makes him a candidate for sainthood.

quote
The Oracle of Omaha enjoys considerable public trust. But on banks he talks his own book, not Main Street’s. Maybe that’s not surprising given his large stakes in financial firms. In doing so he risks his reputation as the nation’s financial conscience.

Yesterday Buffett came out against Obama’s proposed bank tax, but his comments were inconsistent.

On one hand he’s always maintained banks needed to be bailed out, yet he opposes ways to make them pay for it.

http://blogs.reuters.com/rolfe-winkler/2010/01/21/buffett-lets-public-down/

- BadBob

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