Quote:
Originally Posted by VRPdommy
Mr. Buffett has stabilized many markets and industries with the good old fashion LONG TERM APPROACH and that is what has been missing in most of Wall Street and the cause of many of our woes.
I remember just over 10 years ago when California was having it's woes caused by the likes of ENRON and it was Mr Buffett's capital that helped them out of a near disaster by fast tracking other markets to supply that needed energy when others could not find the vast short term gain they were looking for as a investment.
I might say the same for the Railroad industry. And countless others. Job creator... not as much but for the long term retention of jobs here in this country with sound business basics, much more than most know apparently.
This county would have been at a loss without his clear thinking long term investment strategy's.
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You can say the same for the Koch's. While maybe they are not as open to be helpful with their money as Buffet, they do create "long term" industry. I do not like their meddling in politics as it's usually done at the expense of the tax payers but they do create long term industry jobs and aren't the same as most of these investment banker types which are only interested in how much they can make in the short term.
btw, the Koch Bros make roughly 3 million an hour based on a 40hr work week. That's roughly 17 million per day. Not quite Buffet level I guess but not bad.