Posts Tagged bailout

Warren Buffett is not only a brilliant investor but he is a fantastic communicator too. In his New York Times column today he explains what the bailout did and why it was needed and effective in a way that was much better than 1000 hours of White House briefings. Regardless of your politics, you should read the column/letter. Unlike Obama or even George Soros, Buffett can’t be written off as some sort of left-winger or socialist. His message resonates because of who he is as a messenger.

But there is one bone of contention I think a lot of people will have. Buffett makes a showy display of his manners, claiming his mother always taught him to write thank you notes. If you were Obama, wouldn’t you ask Warren “Did your mother tell you to wait 2 years to write a thank you note, especially if all of the people who helped you save your job were fired for alleged incompetence?”

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