He was dumb alright. And his dumbest mistake was throwing his support behind zero.
Number 1 on his list of dumb things in 2008 was his support for the person and the party that is in the process of intentionally destroying the very system that allowed him to create, and maintain, his wealth in the first place. For a financial genius, he sure is stupid.
Christine Seib in New York
The multibillion-dollar bailouts handed out by the US Government will bring on an “onslaught of inflation”, Warren Buffett, the legendary investor, said in his keenly awaited annual letter to shareholders.
Mr Buffett, whose Berkshire Hathaway company last year reported only the second year of negative returns in its 44-year history, predicted that the economy would remain a shambles this year and “probably well beyond”.
President Obama signed off a $787 billion (£550 billion) stimulus package to revive America's economy this month. The President has also said that he expects to spend more than the $700 billion allocated to bail out the ailing banking sector.
“Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel,” Mr Buffett said. “These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.”
I think he still IS dumb. So are the people who voted for zero because Buffet said to vote for him. I really cannot tell you how many people threw Buffet’s words in my face during the election. He is a pathetic POS. He loaded the gun for the LIBERAL, COMMIE takeover.
ASH: Well, it's an interesting combination of elements, making him a tough little son-of-a-{bleep}.
RIPLEY: And you let him in.
Another Obama zomby who bought into the commie left.
ANYONE who voted / supported FUBO is either a dupe or a traitor ... which one are you
Some of his dumbest moves has been to purchase large amounts of newspaper chains, which have continued to bottom out, and for which there is no future.
Buffet was in your face Pro Obama all of last year. His judgment sucks.
About your liberal politics and those you support? Yes you have, Warren.
And look what you and the ones you support have done to our country, its economy and markets and to its future and the future of our children and grandchildren.
You, sir, are a dumbass. Why couldn't you keep that to yourself and your stockholders?
Buying GE at $19 was just as bad. Conoco will likely come back. GE is questionable if they don’t split off their financial arm.
Warren was dumb to support Obama, too. Thanks loads, Warren.
BUFFETT: I WAS ‘DUMB’
....First step is admitting the mistake....
“buying ConocoPhillips shares when gas and oil prices were at their peak was perhaps the dumbest move in 2008.”
I would put endorsing Obama as his dumbest move.
If he had any guts he’d tell the American people his biggest mistake......supporting a socialist takeover by Obama and his Chicago thugs.
That's what you get when you try to sway an election by inflating the price of gas through speculation. Dumbcrats in the MSM were shouting on tv that the price could hit $300 a barrel. DUMB. PROPAGANDA.
When you cook the books always remember to keep an honest book for yourself.
Clarification:
Dear Shareholders,
I actively participated in an effort to undermine the US economy so I could bring about a personal political preference that I knew would be bad for the nation. I joined my fortunes with those of George Soros and other wealthy individuals to subvert the welfare of our country. Please don’t hold this against me because I enjoy the fawning media that pretends that I am a benign rich person because I support Democrats.
Thanks so much,
Warren Buffet
I’ve always found it facinating how some of the richest people in this country always back the party that “hates” the rich. You’d think even the dumbest people would find something odd about that, wouldn’t you?