No. of Recommendations: 5
I think it is worth noting that Warren Buffett has managed to craft a particular grandfatherly image, that the public seems to respect.

He makes money the old fashioned way. Honest, hard working, taking good care of his investors. Midwestern values where hard work is respected.

He's certainly managed to craft the image you describe and he has a reputation for honesty.

Honesty: given the business he's in you have to take this on a relative basis. He sometimes fudges a little; parsing words, and "do what I say, not what I do" doesn't go unnoticed by some commentators. Apparently, as a child, he stole his sister's bicycle and sold it!

Hardworking: Supposedly, he's at the office 9–5, but he's on the record as saying in investing sometimes the best strategy is to do nothing and wait for the perfect pitch. Compared to a ditch-digger, he's a slouch.

Taking care of his investors: A lot of his investors would like a dividend at this point. He's never going to take care of them with one.
His mantra that he can invest their money better than they can might be seen as taking care of them in a paternal way, but if they've held stock for decades, he certainly has.

Kindly grandfather: No. He publicly disowned his grand-daughter; Peter Buffett's step-daughter, for nothing more heinous than exercising (borderline) poor judgement.

Print the post  



The 2009 BMW Method Conference has been cancelled, due to minimum attendance numbers not being met. We hope to continue the annual BMW Method Conference tradition next fall.

Learn about the first four conferences on the BMW Method Website.

The BMW Method FAQ

BMW Method Website
Annual Conference Videos and Other Resources & Services
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.