The Sage of Omaha
So, what's the Sage of Omaha up to?
The Sage, also known as the second richest man after Mr. Bill, is the chairman of Berkshire Hathaway, Warren Buffett. Berkshire earns it's billions with OPM. A very strong strategy. The Sage beds with both Democrats and Republicans, is fond of quoting scripture, and plays money markets: he has been betting on a weak dollar since 2003 (and "Mr Buffett told shareholders at the company's meeting [May 6th] that he expected the US dollar to continue to weaken"). Of course the Sage has his own conspiracy theory pages, including "Where was Warren on 9/11?" That site is pretty scary unto itself!
My point? The Sage is looking to rid himself of some cash. $30 billion to be exact. His ideas are easy to trace: he buys undervalued companies which have close to, or an exacting monopoly on their market. He also is looking for a successor to his job, and he's keeping real quiet about who, suffice to say,
So will Warren Buffett take over the suffering Hyundai monopoly? It fits his MO. It would help the Korean won from it's gains this year...
Anyway, my only interest: weak dollar makes working here better!
See today's BBC news for an article:
http://news.bbc.co.uk/2/hi/business/4981946.stm
The Sage, also known as the second richest man after Mr. Bill, is the chairman of Berkshire Hathaway, Warren Buffett. Berkshire earns it's billions with OPM. A very strong strategy. The Sage beds with both Democrats and Republicans, is fond of quoting scripture, and plays money markets: he has been betting on a weak dollar since 2003 (and "Mr Buffett told shareholders at the company's meeting [May 6th] that he expected the US dollar to continue to weaken"). Of course the Sage has his own conspiracy theory pages, including "Where was Warren on 9/11?" That site is pretty scary unto itself!
My point? The Sage is looking to rid himself of some cash. $30 billion to be exact. His ideas are easy to trace: he buys undervalued companies which have close to, or an exacting monopoly on their market. He also is looking for a successor to his job, and he's keeping real quiet about who, suffice to say,
He also affects entire economies: He "sent shares in Tel Aviv... to record highs on Sunday - Israeli investors... continue to eye [his] acquisitions in Israel."If I die tonight, the person who takes over tomorrow won't get as many phone calls perhaps
Warren Buffett
So will Warren Buffett take over the suffering Hyundai monopoly? It fits his MO. It would help the Korean won from it's gains this year...
Anyway, my only interest: weak dollar makes working here better!
See today's BBC news for an article:
http://news.bbc.co.uk/2/hi/business/4981946.stm
posted by Hodge E. at 5/08/2006 11:15:00 AM
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