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Warren Buffett
I'm doing some research, reading Warren Buffet's 2005 letter to Berkshire Hathaway shareholders. I cam across the delicious paragraph:
Getting fired can produce a particularly bountiful payday for a CEO. Indeed, he can "earn" more in that single day, while cleaning out his desk, than an American worker earns in a lifetime of cleaning toilets. Forget the old maxim about nothing succeeding like success: Today, in the executive suite, the all-too-prevalent rule is that nothing succeeds like failure
Remember, this was in 2005, long before disgraced CEOs like Stan O'Neill of Merrll and Charles Price of Citigroup were pushed out--with multi-million packages.
Warren Buffet for Treasury Secretary in the new administration? My favored picks are either Buffett or former Federal reserve Board chairman Paul Volcker. Both are tough, smart, and either could deal with the bailout and then move on.
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The Intelligent Investor
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More Than You Know: Finding Financial Wisdom in Unconventional Places
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Smart and Simple Financial Strategies for Busy People
by Jane Bryant Quinn
Stocks for the Long Run
by Jeremy Siegel
The Random Walk Guide to Investing: Ten Rules for Financial Success
by Burton Malkiel
The Only Investment Guide You'll Ever Need
by Andrew Tobias
Unconventional Success: A Fundamental Approach to Personal Investment
by David F. Swensen
Comments (1)
November 12, 2008 9:17 AM
If I have done my math correctly Paul Volcker is 81 years old. It is one thing serving as an advisor at that age but taking on a high pressure job in the new administration at that age is worrisome to me. I am all for Warren Buffett but truly doubt he would want to get that involved in the administration. Where is the young blood with brains?