• 01 Oct 2008 at 3:41 PM

Tilson on Buffett

By Equity Private

Well, I suppose if I were a Berkshire shareholder I would be pretty happy with the fire sale prices the Oracle has been commanding for his purchases as well. So, when Whitney Tilson jumps on CNBC to crow about Buffett’s shopping spree, I suppose we aren’t surprised. Much hay made about Buffett’s many off-handed remarks that he wish he had the cost-of-capital of the United States Government, how he’d balance the national budget if he only could wield the Treasury’s resources to do so and otherwise save capitalism for the rest of us.*
Whatever you think of Buffett (someone was trying to convince me earlier that he was sullying his name, or that he had sold out by whoring out his reputation to buttress Goldman Sachs) you really have to give it to the guy. If nothing else, he has managed to get a lot of press out of all this. (Ok, I admit it, I just wanted to use the word “whoring” and “Buffett” in the same paragraph).
* Ok, maybe we said that, not Buffett.

Comments (9)

  1. 1
    Posted by guest | October 1, 2008 at 4:05 PM

    Buffett whould never whore himself out to save the French

  2. 2
    Posted by MarshallStack | October 1, 2008 at 4:09 PM

    It is pronounced Buff-Ay.

  3. 3
    Posted by guest | October 1, 2008 at 4:10 PM

    I knew whores in high school. It was no big deal.

  4. 4
    Posted by StupidEquityGuy | October 1, 2008 at 4:13 PM

    Drudge photo says it all… Warren has the Bling… http://www.drudgereport.com/ub.jpg

  5. 5
    Posted by Mr Jones | October 1, 2008 at 4:49 PM

    Sullying his name? These deals are beautiful….little downside, huge potential upside, and paid a fat rate while he waits. I’d take those all day long, ESPECIALLY in this market!
    O cubed rocks.

  6. 6
    Posted by guest | October 1, 2008 at 4:49 PM

    Savior Buffet, our current-day J.P. Morgan?

  7. 7
    Posted by diablo | October 1, 2008 at 4:51 PM

    Buffett is making deals with desperate sellers. Little downside. Agree with @5.
    Otherwise, I don’t see the point of this post. What did Tilson say, and why would I care?

  8. 8
    Posted by guest | October 1, 2008 at 5:01 PM

    AAA name pays 10%….If S&P and Moody’s had any balls/guts/brains, they’d downgrade to at least AA on this news

  9. 9
    Posted by guest | October 1, 2008 at 8:11 PM

    @8-Throw in the value of the warrants and they are paying somewhere in the middle teens.
    As everyone goes crawling to WB I am reminded of It’s a Wonderful Life… “Potter’s paying 50 cents on the dollar!”

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