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This sounds very much like Buffet, but I doubt Buffett's being paid directly for it (He protects his image and reputation very carefully and wouldn't sell it ou
by solarmist 13y ago
This sounds very much like Buffet, but I doubt Buffett's being paid directly for it (He protects his image and reputation very carefully and wouldn't sell it out for any amount), just his insurance company for the premium.
It sounds like he just came up with the idea for fun.
- startupfounder 13y agoOf course Buffett isn't getting paid directly, but if you look at the 2010 SEC filing[0] he owns 32.4% of the voting shares and 23.3% of the value of those shares. In my book Buffett and Berkshire are synonymous. You are right that he is having fun with this, who wouldn't? [0] http://www.sec.gov/Archives/edgar/data/315090/000119312510153511/dsc13da.htm http://www.sec.gov/Archives/edgar/data/315090/00011931251015...
- pmorici 13y agoOn the topic of reputation Buffet was once quoted as saying, "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." So while he no doubt guards his reputation carefully if you follow him at all you'll notice he is also very much a sales man and often promotes his businesses and products. Berkshire's annual stock holders meeting is like a Berkshire brands convention and Buffet himself encourages people to take the opportunity to patronize the businesses. In that sense I don't find this surprising at all.