Tuesday, June 8, 2010

Taking (Apart) Buffett At His Words

If I keep this up I'm not going to be allowed back home (Omaha).
By the way, there was a small misprint in the first sentence of the last paragraph. We'll be getting that fixed soon. 

On Wednesday, June 2, 2010, Berkshire Hathaway's (NYSE:BRK.A) CEO and chairman Warren Buffett, testified live in front of Congress's Financial Crisis Inquiry Commission. As much as I admire and respect him, I stubbed my eye more than once while reading the reports of his testimony. Here are some of the statements that really stood out. (Find out what makes the Oracle of Omaha so great in Warren Buffett: The Road To Riches.)


Why No Written Record?Warren Buffett elected not to provide any written testimony. Perhaps that is no big deal (he might have just been speaking extemporaneously), but it is notable for at least one reason - he was the only person to speak in front of the Commission that day to not offer written testimony. 

For the full text, please go to: 
http://financialedge.investopedia.com/financial-edge/0610/Taking-Apart-Buffett-At-His-Words.aspx

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