Buffett Says Sorry
Read:
“In his highly popular annual letter to shareholders, America’s second-richest man expressed regret that his bet against the dollar had been so profitable, and urged the US administration to take action to deal with its widening trade gap and budget deficit. Mr Buffett, 74, one of America’s most successful businessmen for the past half century, said: “In no way does our thinking about currencies rest on doubts about America.”
Independent News & Media (UK) Ltd.
Read more:
“Warren Buffett, the world’s second-richest person, last year increased his bet against the U.S. dollar 78 percent to $21.4 billion, resulting in a $1.84 billion gain. He also said he would be happy if his bet were to fail.”
Reuters
I understand he is the richest guy out there, but this kind of talk is disingenuous. Do you really think he is “sorry” he made money shorting the dollar? I am sure the loyal buy and holders will ignore all of this and just blindly pretend that Buffett is still the “folksy” hero to the “everyman”. Why can’t Buffett just admit, “I made a great trade on the dollar?” This “I feel guilty” routine is just that - a routine.
NOTE: Please don’t ask whether I think Buffett is a success. Of course he is - a monster one. That is not my point.
