[HamiltonJay]

Warren Buffet is one of the most fiscal conservative businessmen on the PLANET! He may be socially liberal, but hes a fiscal conservative through and through... look at how he makes his money...

He buys undervalued companies, with equity in them, fixes them up and sells them... it is the most conservative and business model out there! And when the deals dry up, he stops buying!

You may not like his politics, but fiscally you can't get more conservative in practice than this guy. He never takes a major risk... just buys instant equity and improves the product for the end consumer.

[B Knotts]

So, his opposition to tax cuts makes him even more of a "fiscal conservative?"

[Austin Willard Wright]

Business and politics are different. There are many good "conservative" businesspeople on the bottom line lin busines who are statists through in through when they turn to politics. Buffett has not hid his views in this regard, He has gone on record time and and again for big spending and high taxes. Read his books!

[austinTparty]

You confuse personal investments with politics. There are a lot of rich Democrats. They also made money through capitalism (or extortion). But when they're playing with OTHER people's money, it's a whole other ball game.

[Miss Marple]

You have described someone who is good at investing. You have NOT described one who is a "fiscal conservative" as far as government goes.

He opposed the tax cuts. He opposed the dividend tax cut. He opposes the repeal of the inheritance tax.

I can understand the comments that some have made here that he knows about the bond market and the electricity mess, but he is not a fiscal conservative.

If there is to be a large number of financial types who will advise on how to keep California's bond ratings from tanking, and who can figure out a way to straighten out the energy fiasco, I could understand Buffet being at the head of a committee for that purpose.

But Buffett is a democrat, and I do not trust him.

[EternalVigilance]

I would compare Buffett to the industrialists of WWII Germany...getting rich by means of capitalism, but utterly owned by the socialists and their ideology.

[wardaddy]

He actually incorporates more of what he buys than sells.

He is very exposed in re-insurance and has moved heaven and earth for federal assistance in various ways.

The only true fiscal conservatism I've witnessed from him is his reknown stinginess with his family....and his own rather non ostentatious lifestyle.

He is though quite a manager with an eye for undervalued bricks and mortar companies with legs and name recognition. And byzantine financing acumen. Those are his strengths.

He operates at a level of financial power probably only Bill Gates can understand. Behemoths amongst titans.

[CyberCowboy777]

Rich men in the U.S.S.R. made money.

That hardly made them good masters.