Resistance is futile
19 September 2017 13:33 (South Africa)

Hail to the real chief: Warren Buffet is buying again

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

warren-buffet

The Sage of Omaha is doing it again: His wink can change company’s fortune, his nod can make businessman a legend. Accordingly, his statement yesterday at the Fortune conference in Carlsbad, California, that although the economy still hasn’t turned up Berkshire Hathaway Inc. is “buying stocks right as we speak” and he’s getting a “lot for my money” in equities has lifted Wall Street’s morale and was seen as major contributor to market’s good performance. On a more disturbing note, Buffett revealed to stunned conference that the Barclays Bank approached him about helping acquire Lehman Brothers last year and that he was interested and asked for more details. To cut a long story short, Lehman Brothers might have been saved and the world financial system might have avoided the near collapse had the world’s greatest investor found the way to check his voicemail.

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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