Monday, March 21, 2011

Disasters are always good for making someone $$$$$$$$$


Erik H. said...

Granted my company is owned by Warren Buffet, but I have to admire the guy for investing long-term in businesses and allowing them to focus on growing the business, rather than certain corporate raiders who are all about the bottom line - firing employees, loading up the company with debt to pay off the raider, then watching the company sink into oblivion.

Buffet buys companies not because there's profit to be squeezed out of them, he buys because they are well-managed, under-appreciated companies. He expects results, but not by gutting the company in the process.

(And my company is heavily unionized, as is another well-known Berkshire Hathaway company: BNSF.)

Al M said...

For an insanely rich guy, Buffet is ok.
It's the monetary system that needs to go!