Sunday, December 13, 2009

Federal Welfare Recipient Warren Buffet Says, Don't Worry Be Happy

Timeless and Time-Tested Lessons From Warren Buffett

"Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind those predictions. Every time he buys a stock or a business or some other investment, he's forecasting the future.

Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions."

And of course, it doesn't hurt to have an army of lobbyists, paying Congress to vote for huge bailouts for the companies you own.

If you want to be like Warren, just bribe a lot of Congressmen into writing you into the next bailout bill.

And in this article where Warren appears to be channeling Chauncy Gardner, the author ends with, "There will be more dancing at another wild party followed by another painful hangover. Looking back at the Internet bubble, Buffett is quoted as saying, "The world went mad. What we learn from history is that people don't learn from history.""

Thanks Warren, point taken. But we're still screwed.

3 Comments:

At 12:30 PM, Blogger an average patriot said...

I really wish we would listen to Buffett and raise taxes on the rich right back to where Reagan had them. They want a return to Reaganism.

 
At 4:55 PM, Anonymous edgar said...

Buffett is a fascist pig imo.

 
At 12:16 PM, Blogger WgS said...

I'm not as smart as Buffet or as mad as the world but I'm probably more screwed than most, LOL.

Merry Xmas!

 

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