Reply #88: He has no fudicary responsibility to the FCIC. [View All]

[Statistical]

He could be sued for acting in the interest of anyone but shareholders. It is routine for executives (and even lower level employees) to require a subpoena. Nothing antagonistic about it, rather just checking the block. If he is subpeonaed he has no choice but to comply and thus his fiduciary responsibility are no longer material.

Still you made a claim that Buffet makes money by stripping companies and selling off the parts. The reality couldn't be less true. He had made a fortune by KEEPING companies, especially companies beaten down by the market, taking them private, providing them the necessary resources, and putting them on a long term goal of profitability (rather than chasing daily gains). It also provides the added benefit of protecting the company from shorts. Unless someone wants to try and short Berkshire Hathaway. Checking short interest looks like only 1/5th of 1% of Berkshire stock is held short (not many people want to bet against Buffet).

Speaking of volatility. Buffet is once again the exact opposite. Berkshire Hathaway has a BETA of 0.57. That means its stock movements are roughly half as volatile as the overall market. The again it is only up over 200% in last 14 years. :rofl: