The Sage of Omaha is a great man, but he does not walk on water.
The Sage of Omaha himself was summoned to Washington last month for questioning as a witness.
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His investment expertise has earned him the nickname "the sage of Omaha".
The Sage of Omaha railed against the pointlessness of much of the work done by audit committees (while joking that he does not get asked onto compensation committees because they prefer Cocker Spaniels to Dobermans).
Known as the 'Sage of Omaha' and famous for both his folksy style and shrewd investment decisions, Mr Buffett was panned by critics for missing out on the internet stock boom of 1999 and 2000.
Known as the "Sage of Omaha" for his investment success, Mr Buffett has historically left existing management in place, preferring good businesses with what he calls a "moat", a persistent competitive advantage, to prospects for a turnround.
The more recent contributions in Peter Krass's collection include an essay by Warren Buffett, the famed Sage of Omaha whose investment approach, so-called focus investing, offers a third way between the indexers and active traders, and is the subject of a whole book by Robert Hagstrom.
Incredible as it may seem, there was the Sage of Omaha sitting alone scarfing down his low-calorie meal of waffles dripping in syrup, slabs of bacon and on top--like the cherry on a sundae--a serving of eggs benedict, all being washed down with a huge glass of cherry Coke, the first of five such libations he drinks every day.
The Berkshire Hathaway meeting's expected all-time record attendance, which is bound to do wonders for Omaha's economy over the very short run, is a far cry from the puny 12 people ("including my relatives, " Buffett told Forbes) that didn't even fill a small room back in 1982, in the days before Buffett became widely known as the Sage of Omaha.
Omaha's young sage THE LATEST SIGN OF A FROTHY MARKET can be found at www.
His site is worth a visit, but Streetwalker recommends that rather than taking the young Omaha Web sage's advice, readers should view it as a sign of the times.
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