Buffett Wisdom

The following post falls squarely into the camp of PG's "politically incorrect" statements, and is likely to be widely reviled.

Warren Buffett and Berkshire Hathaway has made most of its money by gaming the tax system through their insurance holdings. Their success is not due to Coca Cola or Gillette, but from their purchase of Gecko and their subsequent ability to exploit tax loopholes, often to the benefit of other held companies. An analysis of BH's investment history shows that, but their statements (despite WB's wonderful down-home messages) are miracles of obtuseness and require close readings.

I'm well aware of WB's stature as everyman's billionaire, but anyone thinking of joining the personality cult that his PR machine has created might consider some independent investigation.

Warren Buffett once called Siegel's theories "demented".