Best as I can tell, (wannabe) investor types celebrate his accumulation of wealth. I appreciated his public statements about tax policy, rising inequity, etc. O

Best as I can tell, (wannabe) investor types celebrate his accumulation of wealth. I appreciated his public statements about tax policy, rising inequity, etc. Otherwise, I was ambivalent about Buffet. Until I listened to Acquired's episodes. https://www.acquired.fm/episodes/berkshire-hathaway-part-i https://www.acquired.fm/episodes/berkshire-hathaway-part-i Buffet is a rentier. He does not create wealth; he merely transfers it. His most successful strategy is to find tranches of underutilized capital, and buy a controlling interest. Which he then ladders up to buy yet more tranches. Most famously Geico. It's fair to say that I'm far less impressed by this strategy than Acquired's hosts. Rentier is distinct from the raider (aka private equity) play of buying controlling interest in a corporation, looting it, loading it up with debt, and then unloading the resulting dumpster fire. So at least Buffet isn't actively destroying jobs and wealth. As far as I know.