Eugene David ...The One-Minute Pundit |
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Tuesday, April 05, 2005
Berkshire Hathaway under Buffett has been a model of transparency and honesty. He famously noted that he writes his annual reports as if he were writing a letter to his Aunt Alice or his sister Doris, aiming for clarity, simplicity, and an absence of jargon or Clintonesque parsing. Buffett is also unique among CEOs for his willingness to criticize himself—he'll cop to a lousy year. (If you're the second-wealthiest man in America, it's easy to play humble.) But it's doubtful whether any of Buffett's relatives would have understood what was being done in these transactions.
Has anyone clicked on St. Warren's home page? It's as much an act as if a hundred Dilberts had designed it. He (and ALWAYS remember to capitalize His pronoun) may think by making it as "plain" as possible He is showing clarity, simplicity and an absence of jargon, but He merely makes a thing of His sincerity much as an overpaid CEO would make a thing of his hubris. Indeed the St.'s Web site looks like something for a Mafia company or a government sting operation. And if His Web site is largely an act, what can stop one from thinking He is largely an act? And let us not forget much of His wisdom comes from having invested in 1965. What does the Bible say about false gods? Well we know what NEWS HACKS say -- we should IDOLIZE them.
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