Commentaries

from Rolfe Winkler:

Buffett lets public down…again

January 21, 2010

The public has always seen in Warren Buffett a different kind of capitalist, an honest observer providing sound financial advice regardless of his personal interests. But is he?

from Rolfe Winkler:

Buffett: Shareholder activist

January 5, 2010

Shareholder activism is a tactic typical of Carl Icahn, not the Oracle of Omaha. Yet Warren Buffett has issued a press release asking other Kraft shareholders to reject Kraft's proposal to use up to 370 million shares of stock to buy Cadbury.

A bet on America? More like a bet on a black future

November 4, 2009

“Warren Buffett bets $27 billion on America” was how the FT greeted Berkshire Hathaway’s acquisition of the biggest train set in the West. Heritage, romance, aesthetics, and a green tinge to boot, those babies have everything. You can almost hear that ol’ whistle blowing.

from Rolfe Winkler:

Buffett’s imaginary economy

August 20, 2009

Warren Buffett is back as the nation's financial conscience, publishing an op-ed in yesterday's NYT lamenting the dangers of too much monetary and fiscal stimulus. As regular readers of this blog are aware, that's a message with which I wholeheartedly agree. My problem with Buffett's piece is that he makes a good argument and then totally undercuts it in his conclusion:

from Rolfe Winkler:

Buffett’s Betrayal

August 4, 2009

When I was 14, Warren Buffett wrote me a letter.

It was a response to one I'd sent him, pitching an investment idea.  For a kid interested in learning stocks, Buffett was a great role model.  His investing style -- diligent security analysis, finding competent management, patience -- was immediately appealing.

Who will be CIT’s Buffett?

July 17, 2009

The behind-the-scene negotiations surrounding CIT Group’s threatened bankruptcy filing is bringing to mind the 2001 collapse of Finova, another sizeable mid-market lender.