Let me start by stating that this post is a bit of a venting time for me. As we have moved carelessly forward through the tragic times in our financial markets, everyone has opinions and interests in this debate.
Over the last year or so I have heard the use of the name Warren Buffet more than we have ever heard or used it before. I am very much beginning to question why he is so much of a so-called "Expert"!
We've heard and seen him in alignment with Senator Barack Obama. His name has been used and invoked very often by Senator Obama. We heard Senator McCain invoke his name just the other day when discussing the financial crisis. He stated that along with a few other people that he would employ Warren Buffet to help in some sort of oversight committee or some garbage like that. I've read more than a few comments on AR where people fling his name around like he's so special.
I am questioning what is so economically special about Warren Buffet?
This is a man who decades ago found success in buying and holding large companies that are staples to American society. Coca-Cola, Dairy Queen, etc..... I actually believe that the method of long term investment strategies like buying and holding is the best way to go for the long term investor.
This in and of itself in my opinion does NOT make Warren Buffet a genius to be counted on for all kinds of economical turmoil and challenges.
This is the same man who is handing over much of his rightly earned wealth to the Gates Foundation as well as setting up his trusts and financial future with a direct priority of eliminating many of his tax consequences.
He's also the same person who is offering advise to Senator Obama on tax policy and how the capital gains tax as well as many other investment taxes should be raised.
My main mission of this blog is to get feedback from the many folks out there and there opinions on Warren Buffet and the politician and media running to him and invoking his name like he is some economical savior.
I think the Warren Buffet phenomenon is heavily oversold. What say you?
Best regards
Owen Zweiback PA, GRI, Realtor, e-Pro
Coldwell Banker Residential Real Estate
23421 Walden Center Drive
Bonita Springs, Florida 34134
239-269-3077 Cell
www.floridamoves.com/owen.zweiback
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