Oh, God, what's Tim going to bitch about now? Jeez, I have trouble stomaching this guy.
I'm glad you asked! My answer: Warren Buffett.
I was reminded of this by the annual ritual of the elderly trooping up to regrettable Nebraska to hear the (gawd…) "Oracle of Omaha" (which some news organizations have inexplicably bastardized into the non-alliterative "Sage of Omaha" – WTF?).
Warren Buffett is richer than I'll ever dream to be, and he has been the greatest beneficiary of the macro growth in America's economy from the 1970s through the 1990s. But, Jesus, Mary, and Joseph, can we as a nation please stop obsessing over this guy? Here's Berkshire's utterly humdrum stock over the past few years:
To which I ask….so what? I mean, if Paul Tudor Jones is going to talk about the future and the economy, I'm all ears! But Buffett is in lifelong coast mode, and he'll continue to be so until his dying day (which, let's face it, probably isn't that far off………..and God help BRK.A at that point).
Buffett is like a Wall Street analyst; he's always going to be issuing a Strong Buy on everything. Could someone provide me his dire warnings in October 2007 that it was time to get out of everything? No? I didn't think so.
I'm extra-irked, I suppose, at his being "100% behind" Lloyd. But I'd consider the whole annual meeting to be a non-event anyway, since the only tripe that's going to be trotted out during this love-fest is going to be doe-eyed pablum about America's bright future. Pish-posh.
