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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (14188)	3/30/2002 12:56:05 AM
From: Bob Rudd	Respond to of 78748

<<I suppose it's possible he still has his wits about him and is just another big ticket con man with his hands in a lot of people's pockets.>>Buffett has enjoyed an unquestioned reputation for integrity for many years...one of the factors that enabled him to rescue Salomon. As the world's 2nd richest person, forbes.com he has a plan in place that turns most of his wealth over to charity when he passes. Somehow, 'con man' just doesn't fit. What does fit is that he strongly believes, based on a wealth of experience with people, organizations and regulation, that the ideas he proposes are the best way to deal with the situation. He may see unintended consequences in heavy handed regulation that might not be obvious. Buffett may not be completely correct, but that doesn't make him dishonest or incompetent.