Comments on: Follow Up on My Berkshire Hathaway Post from Two Years Ago http://allfinancialmatters.com/2010/03/11/follow-up-on-my-berkshire-hathaway-post-from-two-years-ago/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 21:48:35 +0000 hourly 1 http://wordpress.org/?v= By: Pete http://allfinancialmatters.com/2010/03/11/follow-up-on-my-berkshire-hathaway-post-from-two-years-ago/comment-page-1/#comment-442844 Pete Sun, 14 Mar 2010 20:03:44 +0000 http://allfinancialmatters.com/?p=4687#comment-442844 The better measure of returns would be the rate of return over/under the market average ... The numbers are a bit skewed because the annual rate of return for the last 10 years is about 0% so 5% doesn't look so bad. The better measure of returns would be the rate of return over/under the market average … The numbers are a bit skewed because the annual rate of return for the last 10 years is about 0% so 5% doesn’t look so bad.

]]> By: BG http://allfinancialmatters.com/2010/03/11/follow-up-on-my-berkshire-hathaway-post-from-two-years-ago/comment-page-1/#comment-442808 BG Fri, 12 Mar 2010 03:32:32 +0000 http://allfinancialmatters.com/?p=4687#comment-442808 Berkshire has held up so well because the US taxpayer bailed out 30% of their holdings with TARP money: Goldman Sachs, US Bancorp, American Express, Wells Fargo, etc. Berkshire is the largest shareholder of Wells Fargo, and Wells got 91% of the TARP money for all companies headquartered in California. "If I didn't think the government was going to act, I would not be doing anything this week," Buffett told CNBC after investing $5 billion in Goldman Sachs. "I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly." I'm sure Congress would _not_ have passed the bailout if it wasn't for Buffet's fear mongering to the public and to Congress. We were sheep and believed what Buffet was saying -- and guess what, Buffet went to the buffet at the expense of future generations of US taxpayers. If you want to stop lobbyist influencing policy in Congress -- I suggest you start with Buffet -- the biggest lobbyist of them all. Berkshire has held up so well because the US taxpayer bailed out 30% of their holdings with TARP money: Goldman Sachs, US Bancorp, American Express, Wells Fargo, etc.

Berkshire is the largest shareholder of Wells Fargo, and Wells got 91% of the TARP money for all companies headquartered in California.

“If I didn’t think the government was going to act, I would not be doing anything this week,” Buffett told CNBC after investing $5 billion in Goldman Sachs. “I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly.”

I’m sure Congress would _not_ have passed the bailout if it wasn’t for Buffet’s fear mongering to the public and to Congress. We were sheep and believed what Buffet was saying — and guess what, Buffet went to the buffet at the expense of future generations of US taxpayers.

If you want to stop lobbyist influencing policy in Congress — I suggest you start with Buffet — the biggest lobbyist of them all.

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