Desperate Billionaires — Eating From The Buffett
May 10, 2006 at 1:53 pm
Extreme Mortman had a secret correspondent attend the big Berkshire Hathaway meeting over the weekend to hear legendary rich guy Warren Buffett speak. Here’s our tipster’s report:
Buffett gave his usual sage advice (end corrupt executive compensation policies; avoid investments in overheated markets like commodities, etc.); ducked the tough questions on succession and why Berkshire isn’t dividending out some of its $40 billion cash pile; and warned about the dire consequences of Bush administration policies he doesn’t agree with (current accounts imbalance will cause severe decline in the dollar; his taxes are too low because his marginal rates are the lowest in his office, etc.) For humor, maybe the best source was Buffett’s long-time number two, Charlie Munger. In the opening video, the Desperate Housewives actresses are sitting around a poker table talking about trying to land a billionaire. Nicolette Sheridan (the blonde) thinks she’s going to get Buffett, but gets Munger instead. Afterwards, Buffett quips that it’s the lesson of Anna Nicole Smith: when choosing between old rich guys, always pick the older one.
Bush Administration Cut my syntaxes! stock market economy business
