Warren Buffett Makes Money the Old Fashioned Way: Hypocrisy

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We’re returning to all the classic DealBreaker themes today—Plotkin, Cuban, Ken Lay, horny traders—so might as well bring our old friend Warren Buffett back into the mix.
The occasion? Last Saturday Buffett’s Berkshire Hathaway announced giant first quarter earnings. And what’s wrong with that? We’ll get to that in a minute. But we just want to note how agile DealBreaker is—not only can we bash him for being charitable, we can bash Buffett for being profitable too. Moving along, here’s JerryBower on how Buffett profits from his hypocrisy:

Last Saturday, when Warren Buffett’s Berkshire Hathaway company revealed that its boffo first quarter was due partly to high returns from its investment in corporate jets, the cycle of irony was finally complete. Buffett, a well known critic of executive perks, has been particularly hard on CEOs who use private jets — that is, until he had his company buy one. At least he had the good humor to name it “The Indefensible.”
More where that came from through the link below.


The Warren Buffett Paradox
[National Review]

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