Many people have spoken at great length about the evils of Wall St. but the Oracle is not buying the argument that Wall St. is evil itself. Keeping up the trend this week of refusing to name names, WB said part of the problem is ability of certain individuals to do their best George Costanza impression by leaving on top at the same time their respective organizations are in mortal danger.
“You have to put in something where there is downside to people who really mess up large institutions,” Buffett said in an interview conducted by the chief executive officer of Business Wire, the Berkshire subsidiary that posts corporate press releases. “Too many people have walked away from the troubles they have created for society, not just for their own institution, and they have walked away rich.”
Ok so now we’ve got the problem, any ideas for a solution?
“What you have to change in Wall Street, is you have to make sure that in addition to carrots, there are sticks,” he said.
Sounds reasonable. But what do you think about the overall Wall St. model? It’s seemed to “work” pretty well for quite a while for quite a few people.
“And it can’t be a one-way street where they are making ungodly amounts of money when things are good and then they move on to someplace else for a while when things are bad.”
Better start collecting those sticks now.
Buffett Says Wall Street Pay Must Have ‘Downside’ [Bloomberg]
I think Warren is trying to say everyone on Wall St should eat Carrots to improve their eyesight so they could all see how small your penis is Greg.
Greg -
I have a very large collection of sticks. And if you don’t stop posting this crap, you know where I am going to shove them. You douche.
Love,
Mom
Huh?
Greggums your writing should have gotten better by now. Sadly, it has not. Oh well. Toodles.
- Mama Michaels
Why does everyone hate my son on this website? Can we devote the discussion to this most pressing and disturbing issue?
- Mama Michaels
@4 – We don’t hate Al…well, we don’t like him, but he’s ok. BTW, you must be like, uh, really old. Congrats.
So, yea, let’s get on with making fun of this Greg character.
WB would do everyone a favor by shuffling off this mortal coil and give his 380 grand per share advice to the Almighty. Also Monsieur Costanza strove to leave ” on a high note.” Seinfeld is down to one episode a day on TBS but the writing often seems better in retrospect.
WB, a lucky pervert with a simple business model of value investing. He’s the Forrest Flynt of investing.
This is from WB, has to be sexual in some way – still thinking how… OH DEAR GOD NO AH THAT IS UUAGHE!
Kids in my high school would diet heavy on sticks, light on carrots all the time. It was no big deal.
If the WB is such a high and mighty, let him name names!
Fuck Warren Buffett. This old clown has more money than George Steinbrenner and a good portion of that was based on luck. I’m sick to death of people praying at the feet of this shitheel. Oracle, my left tit.
Captain Obvious
i think bess needs to take a frank reynolds stance on greg being the unwanted and illegitimate child of DB
FLUSH FLUSH FLUSH