The Talented Mr. Buffett

Felix Salmon highlights Warren Buffett’s ability to be the good guy even when his companies’ practices are rather ruthless. Berkshire Hathaway has eliminated 21,000 jobs and it won’t impact Buffett’s nice guy image one bit. Felix quotes Alice Schroeder that Buffett is good at hiring bad cops to do the dirty work and protect him from any blowback.
It’s hard to imagine but Buffett wasn’t always seen as the good guy. In the 1970s, before they were well known, Buffett and Munger bought the Buffalo Evening News. The Buffalo Courier-Express, a rival newspaper, did everything they could to make them seem like an evil out-of-town heartless capitalists. Buffett was beat up hard in the press and I think that episode has stayed with him ever since.

Posted by on December 26th, 2009 at 8:08 pm


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