Comments on: Morning Links 4-26 http://blogs.reuters.com/rolfe-winkler/2010/04/26/morning-links-4-26/ Option ARMageddon Thu, 09 Aug 2012 01:58:02 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: DanHess http://blogs.reuters.com/rolfe-winkler/2010/04/26/morning-links-4-26/comment-page-1/#comment-5538 DanHess Sun, 02 May 2010 03:21:18 +0000 http://blogs.reuters.com/rolfe-winkler/?p=6031#comment-5538 For a longtime Buffett follower, today's shareholder meeting was truly heartbreaking. In Warren's defense, loyalty can also be considered a virtue, and Buffett was nothing if not loyal to Goldman Sachs. But at a time when we really need an elder statesman to help sort out the tolerable and very bad, because there was certainly some of both. Instead we hear that Goldman behaved admirably at every stage. Munger at least had the decency to chide investment banks for their bad behavior. Buffett was willing to admit nothing of the sort at any point in FIVE HOURS. When his interests were different, he has happily teed off re derivatives and poor ethics at investment banks. Well we now have an idea what Buffett's reputation can be had for in the market. More than zero but certainly less than the 1 billion he has earned from Goldman so far. For a longtime Buffett follower, today’s shareholder meeting was truly heartbreaking. In Warren’s defense, loyalty can also be considered a virtue, and Buffett was nothing if not loyal to Goldman Sachs.

But at a time when we really need an elder statesman to help sort out the tolerable and very bad, because there was certainly some of both. Instead we hear that Goldman behaved admirably at every stage.

Munger at least had the decency to chide investment banks for their bad behavior. Buffett was willing to admit nothing of the sort at any point in FIVE HOURS. When his interests were different, he has happily teed off re derivatives and poor ethics at investment banks.

Well we now have an idea what Buffett’s reputation can be had for in the market. More than zero but certainly less than the 1 billion he has earned from Goldman so far.

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