Warren Buffett -a characterisation

Warren Buffett ,the 79 year old investor who made millionaires and billioaires out of his share holders,who stood for high business standars, who was a saint among modern businessmen, has lost the halo that encircled his shining head.

He ,once said, "loss of money for my firm, I will be understanding, loss of a shred of reputation for my firm, I will be ruthless."

He, once stated, "derivatives are weapons of financial mass destruction"

He , once advocated clear transparency in every transaction.

It was all said and done once.
Now Buffett is a changed man.
He is a money spinner.
He is an icon for investment technique.
His predictions never went wrong.
Above all, he was remarkable for his honesty and credibility.


His voiciferous propaganda that Gold man Sachs has not erred, and his unflinched support to the greediest fat cat Blankfien, has pulled him from the pedestal.
Blankfien has paid himself $68 million ,while heading Goldman.
John Paulson has made billions in his sub prime deals.
Yet Buffett finds no fault in the approach of Blankfien and Paulson.

It becomes obvious that Buffett has succumbed to greed and conspiracy.
Money has played the magic.
This billionaire is no exception.
To safeguard his investments in Goldman and Morgan ,which are facing the ire of the regulators, Buffett has made an headlong plunge to support them.
The lust for money excludes none.