Comments on: Berkshire board tries cleaning up Buffett’s mess Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: ActualTaxpayer Fri, 29 Apr 2011 13:22:54 +0000 buffet is a one trick pony. its shocking that so many people think he’s brilliant when speaking about taxes and other stuff he knows nothing about.

By: rwills Fri, 29 Apr 2011 03:50:13 +0000 Whatever the historical value, Warren Buffet has returned to his stockholders, the time has come for him to step down relinquish control and retire while he still some dignity to take away.

Unfortunately, I do not believe that he has the capacity left to make such a wise decision. We do not know how or anyway we lack the courage, to tell the elderly that they no longer have the mental acuity to make important decisions for other people.

By: libertadormg Fri, 29 Apr 2011 02:59:40 +0000 Rules? There are no rules.

[Harvey has challenged Butch to fight for control of the Hole-in-the-Wall gang]
Harvey Logan: Guns or knives?
Butch Cassidy: Neither?
Harvey Logan: Pick!
Butch Cassidy: I don’t want to shoot with you, Harvey.
Harvey Logan: [draws a big knife] Anything you say, Butch.
[Butch walks over to Sundance]
Butch Cassidy: [in a low voice] Maybe there’s a way to make a profit in this. Bet on Logan.
Sundance Kid: I would, but who’d bet on you?
Harvey Logan: Sundance, when we’re done and he’s dead, you’re welcome to stay.
Butch Cassidy: [low voice, to Sundance] Listen, I don’t mean to be a sore loser, but when it’s done, if I’m dead, kill him.
Sundance Kid: [low voice to Butch] Love to.
[waves to Harvey and smiles]
Butch Cassidy: No, no, not yet. Not until me and Harvey get the rules straightened out.
Harvey Logan: Rules? In a knife fight? No rules!
[Butch immediately kicks Harvey in the groin]
Butch Cassidy: Well, if there aint’ going to be any rules, let’s get the fight started. Someone count. 1,2,3 go.
Sundance Kid: [quickly] 1,2,3, go!
[Butch knocks Harvey out]
Flat Nose Curry: I was really rooting for you, Butch.
Butch Cassidy: Well, thank you, Flatnose. That’s what sustained me in my time of trouble.

By: Myche Thu, 28 Apr 2011 20:37:16 +0000 You may trust in friends, but you still have to watch your wallet. Your friends can have a great time spending your money. Also remember its your wallet and your Good Name is also inside your wallet. Your good friends will also have a great time living off of your Good Name. Evey Buffet has to remember this.

By: ptiffany Thu, 28 Apr 2011 18:58:00 +0000 Buffet’s involvement with the financial collapse is thousands of times more significant than the shenanigans involving Sokol and Lubrizol. Buffet still defends Moody’s (one of his investments) triple-A rating of toxic mortgages, even though he had publicly remarked that he thought these financial instruments were dubious at best. This is well beyond gullibility or loyalty. He is personally responsible for the losses of thousands of investors who relied on these unearned ratings.

By: DavidMerkel Thu, 28 Apr 2011 18:36:09 +0000 Well said. Here is my take on it: g-david-sokol-part-3/

By: Janmara Thu, 28 Apr 2011 18:14:37 +0000 This goes to show that no matter what you do to institute rules and regulations ultimately you have to take your chances and trust certain people. The question remains how much trust? When you do verify? That answer is completely up to the individual who is trusting someone to do the right thing. There is no way you can protect yourself 100%
The bottom line is you look at the individual and ask yourself a simple question. Has this individual won more then they have lost? Warren Buffett certainly meets that benchmark so lets just move on and yes I will say it. Forget about it.