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If by "not an investment", you mean that he doesn't believe that it will throw off more net-present value cash than a similar investment in the S&P, then I stro
by loumf 14y ago
If by "not an investment", you mean that he doesn't believe that it will throw off more net-present value cash than a similar investment in the S&P, then I strongly disagree.
He may think that it would not have done that without his investment -- so it could be both, but Buffet promises investors that cash will be deployed more efficiently than you could by just buying an S&P index fund.
- mmanfrin 14y agoSorry, I should clarify :] I don't think this isn't an investment, but I think there were motivations beyond purely investment; and having heard him speak and read what he has written, I am taking a guess that he was motivated out of an idea to influence good (while still making a sound investment).