>Excellent stuff by Warren Buffet. Then again, we already knew all this,
>didn't we?
>
>The article is at:
>
>http://www.pathfinder.com/fortune/1999/11/22/buf.html
>
>Doug, did you send him a copy of your book? He's the only mainstream
>commentator I know who dares talk about the financial industry's take as
>essentially dead weight, instead of blabbing about "increased financial
>productivity".
Buffet's worth, what, $5 billion? And what has his social contribution been? I'm no tobacco-basher, but he did say once that the beauty of tobacco investments is that cigarettes cost pennies to make, sell for dollars, have great brand loyalty, and are addictive. Inspiring. He's a good friend of Katharine Graham's, and a Malthusian too, I think.
Doug