This is what capitalism is supposed to be about.
Profits, not mountains of debt. secure jobs, no govt. bailouts, etc. etc. old school.
Buffet will be studied for generations to come.
Profits, not mountains of debt. secure jobs, no govt. bailouts, etc. etc. old school.
Buffet will be studied for generations to come.
But Berkshire has tremendously benefited from bail-outs of it's holdings like GE and GS!
GS especially was buying Buffett's credibility more so than they needed a cash infusion in the wake of the financial meltdown.
He's like a very good baseball fielder who moves to where the ball will be. It's not his doing that the govt. is doing all this bailout crap. He just positioned himself under the rain of money.
He got rich BEFORE it, remember that.
The GS employees I know are not happy about this...