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The good news in Spain today is the detention of the ETA leaders in France.  

The bad note is that predator Buffett is in Madrid, bragging he has $200 billion! to buy companies, although he admitted he ´got here too late´ for the growing stage.

Why here?  Why now?  I´m not getting the whole picture at all.

In home news, our Poz. socialist party has been in a coma until a month ago and suddenly ´insurgents´ are coming out of the woodwork at the weekly meetings.  They are being diplomatic when they use words like ´activate, dynamize´, but the committee is in trouble, (they seem to have already picked their own sacrificial lamb) and the fireworks will be awesome  Sat. morning at the ´extraordinary´ assembly vote.

And I have been just listening quietly so far, but it´s good to see a pulse as high as mine, in the group.

Our knowledge has surpassed our wisdom. -Charu Saxena.

by metavision on Wed May 21st, 2008 at 04:02:50 PM EST
What do you have against Buffet? As successful investors go he seems pretty decent to me. He generally does long term investment rather than leverage and strip. His wealth comes from being the founder of his company thus having tons of stock in it that has grown in value over the decades, rather than obscene bonuses. In terms of public lobbying his main focuses have been on pushing for higher taxes on the wealthy and encouraging the rich to give away their fortunes.  
by MarekNYC on Wed May 21st, 2008 at 04:20:49 PM EST
[ Parent ]
His P.R. consultants keep presenting him as the ethical, sweet grandpa of finance, but his insurance businesses, like AmericanRE (?) and Cayman Islands connections are not clean deals.

Our knowledge has surpassed our wisdom. -Charu Saxena.
by metavision on Wed May 21st, 2008 at 06:08:42 PM EST
[ Parent ]
I did say 'as successful investors go'...

My basic impression is that he is amoral as far as his business practices go, and that includes his preference for long term investments over short term speculation. But that's still better than many, and add to it his lobbying for higher taxes and I'd say he's definitely better than average.

by MarekNYC on Wed May 21st, 2008 at 06:12:03 PM EST
[ Parent ]

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