tag:blogger.com,1999:blog-11666785.post6148761038781825425..comments2023-10-19T10:37:16.162-04:00Comments on Randy Barnett: Warren Buffett profits from others' bad creditRandyhttp://www.blogger.com/profile/16477949304113673930noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11666785.post-31966334817493736972008-06-23T13:40:00.000-04:002008-06-23T13:40:00.000-04:00Now if only I had the money to invest. Sigh.Now if only I had the money to invest. Sigh.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11666785.post-44312646465355368452008-06-22T13:21:00.000-04:002008-06-22T13:21:00.000-04:00Tom, thanks for visiting. If you scan my blog, I t...Tom, thanks for visiting. If you scan my blog, I think this is the first time I ever posted about Warren Buffet, kind of odd coincidence this is your first visit.<BR/><BR/>I guess my tone didn't come out right on this post. My "headline" was meant to grab attention, it looks like that worked. I saw a short article in the local paper and then read some more detail in the article I referenced. I think his company's actions in this case are morally neutral. Probably helpful as they provide a service that is required (not unlike Private Mortgage Insurance).<BR/><BR/>Buffett's business timing is very good. Until Neil's post, I had never heard anything about his moral views, other than his donation to the Gates' Foundation. My personal opinion is that he should have looked for a better place, but I don't think he spends much time thinking about the charties. I think he just spends time thinking about ways to make money.<BR/><BR/>Thinking that through, that sounds bad too, but it's not intended to be that way. I honestly don't know much about his personal life.Randyhttps://www.blogger.com/profile/16477949304113673930noreply@blogger.comtag:blogger.com,1999:blog-11666785.post-44495468033503319812008-06-22T10:28:00.000-04:002008-06-22T10:28:00.000-04:00Hi Randy. I decided to check out your blog after ...Hi Randy. I decided to check out your blog after you told me about it when you were on vacation. I have to admit i was a little surprised to see your first story was about Warren Buffett since i work for a company that Berkshire Hathaway owns.<BR/><BR/>I don't particularly understand how what Buffett is doing is any different that what financial institutions do every day with regards to those with bad credit. In fact in the story you related to, you failed to mention that there were at least two other bond insurers that also may benefit... not just Buffett. <BR/><BR/>I don't agree with everything the man does, but you do have to admit that Buffett seems to have future visions when most of us appear to be quite blind or near sighted.Tomhttps://www.blogger.com/profile/15801822625311563532noreply@blogger.comtag:blogger.com,1999:blog-11666785.post-54232913495613590122008-06-21T11:35:00.000-04:002008-06-21T11:35:00.000-04:00Neil, I didn't realize he was in favor or estate...Neil,<BR/> I didn't realize he was in favor or estate taxes until I did some research on him this morning. Not high on my list either.<BR/><BR/> And while I've never studied the man or his beliefs, I must say I'm not surprised. The man is all about making money over the long run.<BR/><BR/> While I don't endorse all his views, the business world can learn a lot from him. Thanks for pointing out some of his errors, we can also learn from where he's wrong.Randyhttps://www.blogger.com/profile/16477949304113673930noreply@blogger.comtag:blogger.com,1999:blog-11666785.post-9584051546672614062008-06-21T11:18:00.000-04:002008-06-21T11:18:00.000-04:00Buffett has many traits to emulate, but I strongly...Buffett has many traits to emulate, but I strongly disagree with him on a couple.<BR/><BR/>Estate taxes are ghoulish. It may seem noble of him to favor them, but he has profited greatly by buying business on the cheap that families had to sell to pay estate taxes (according to Forbes).<BR/><BR/>He is also very pro-legalized abortion and has donated to causes to get more efficient abortion equipment (i.e., killing machines) to different countries. Ick.Anonymousnoreply@blogger.com