Warren Buffett's Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration's decision to reject TransCanada Corp.'s Keystone XL oil pipeline permit.Right-wing bloggers and crony capitalist watchdogs were all over this story, as Buffett has been Obama's go-to-guy for economic advice and sound bites. What fueled the interest initially was that Bloomberg appeared to have scrubbed the article from their site, but it turns out it was just a coding glitch due to an update. If you click through the Warren Buffett tag you can see some older arguments against Buffett. The point here is the public perception of Buffett and the willingness of the press to run negative stories. By becoming more political, Buffett opens himself up to more scrutiny, which means if there's any truth or valid complaints about him, they are more likely to receive a public hearing than if he faded into the investing sunset. And as social mood declines, those attacks receive a wider hearing.
Steady Ship
-
FEEDFor all of its insanity in the late 1990s, Amazon has turned into a
placid, stable, and frankly boring stock. That’s no problem for the bulk of
people ...
No comments:
Post a Comment