I have a question about Warren Buffet?

[Dying Eagle]

I am not on DU very much, so I apologize if this has been discussed before.

I have been singing the praises of Warren Buffet and would like to see him in as Sec. of Treasury. Is he really a great pick or does he just have the celebrity that makes him seem like a good pick?

Who would all of you like to see in this role?

[dipsydoodle]

1. I'm still tryng to figure the connection

between Buffet taking up options on $3 billion of GE stock whilst GE goes for bailout money.

[peace13]

2. Love that picture!

I don't know about Buffet but my friend with big money thinks he's a good guy. I think she trusts him with her dough. Don't know what that says about the guy.

[Dying Eagle]

4. thanks about the pic

That picture is of my now 2 and a half year old daughter when she was 9 months old. i had her ware it around my wifes rethug family members. i love stirring the shit sometimes, lol

[Thrill]

3. If he takes that job. He would be sacrificing a lot for public service

He would be a good pick. But wow. He would really be giving up a lot to serve his country

[Dying Eagle]

6. i guess he would

I think he would have to give up all of his public holding to be SoT. he just always seem like a great guy and a good democrat. It takes a good soul to be that stinking rich and still have a good moral compass.

[Captain Hilts]

5. He's too old. I think he's in his 80s. nt

[Thrill]

7. Not really. If you just want someone like Voker or Buffet for a yr or 2

while a young guy like Austan Goolsbee gets ready

[ChipperbackDemocrat]

8. A native Omahan's take on Warren Buffett

Warren Buffett will probably forget more about making money than 99% of us will ever learn about the craft. He is a immensely wealthy man, but unless you didn't see him in Forbes, you'd never know it by looking at him. In fact somebody needs to whack him with a 2-by-4 and yell, "HEY, YOU ARE RICH!"

When I lived in Omaha, I shopped at the same grocery store he did. Very non-descript, quiet, pretty normal. He pushed the same cart you did. Looking at the same bargain chops you did. You just happened to be worth a few billion more than you.
He lived in a middle working class Omaha neighborhood, and you'd catch him in the stands at the Omaha Royals game in a T-Shirt and a ball cap.

He was actually quiet. No quote a day in the World Herald. No press release every second. Warren Buffett would speak when he had something important to say, and when he does you listen. The things he said about the tax climate, he's been saying since Berkeshire Hathaway first came to the popular consciousness. When Wall Street was stuck in junk bondmania, Buffett was exercising caution and discussing caution. His investment style is a reflection of how he lives. No fanfare, no flamboyance, just solid result built from solid financial foundations.

Warren Buffett doesn't work in flashy bursts but rather subtle strokes. His monument isn't some Gretna McMansion, but rather a large charitable fund that helps out organisations, causes, and sent more than a few young Nebraskans to higher education, this writer included. When Warren Buffett dies, all the money is going to his charitable works. You won't see Buffett descendants acting like Walton descendants or Bush descendants. But don't fret for the Buffett kids, they've all gotten pop's work ethic...and his selfless demeanor. They've all done well and have done well for the area.

I got to sit down with Buffett once. He told me, "I don't like spending money. I like making it. I don't like celebrating results, I like making results happen."


That is Warren Buffett, and if he does end being Secretary of the Treasury, you will be seeing an attitude and belief system you don't see much of in Washington. That would be a change worth believing in.

[ellacott]

9. Thank for this wonderful writing

I have learned more about him from what you've written.

He sounds like he would be excellent as the Treasury Secy. I wonder if he would be able to fit in with Washington.

[Dying Eagle]

10. Amazing post!

You make me feel even better about Mr. Buffet. Well done my friend.

[gravity]

11. Warren Buffett understands the economy more than anyone else

and has tons of integrity. He didn't make all of his money by accident.

I think he would make an excellent treasury secretary, but there are probably others that can do a better job in that role. Warren's passion is working for Berkshire Hathaway, and I don't see him giving that up for anything.

[CK_John]

12. I disagree, Buffet does not understand the economy. He use to but

his fear of technology and his modest lifestyle were wonderful for the 60's thru the 80's. The world is totally different and he is lost and would only try to turn back the clock. We don't produce much and live by transferring paper around the world, how can you fix what you don't understand. His day has past.