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Comment by jacobscott | Hacker News Reader

Buffet + Rose = win

What to people think about Buffet's post-investment media presence? Is he expending trust-capital by pushing for the bailout when he has $X billion dollars freshly invested?

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On the contrary, I think he's banking on the fact that many people are scared but trust his judgment because of his track record. Sure he might profit from the bailout, but he has also put up $8B and counting when everyone is worried about liquidity. He's putting his money where his mouth is.

As Clinton said on Letterman, all the people that bet against America lost. He's betting on America.

(I love that attitude and I'm not even American)

Or he’s betting that he will get to run the last two rolls of the dice at the game of taking America by monopoly that he is playing, like a 11year old kid, once they have boardwalk and park place along with most of the other important ones, you can’t stop the game without a temper tantrum, maybe in this case one will not be allowed to walk away from the game.

So do I (an also am not American). I love the attitude, I have endless admiration for the US of A.

He'll profit because he just bought dollar bills for 20 cents (or whatever amount less than a dollar). That's what he does. Like he said "It’s the kind of stuff I love to do. I just don’t have 700 billion. Maybe we could go in it together."

He also was saved 6.5 billion from the bail out of Fanny/Freddie. He also has made his fortune from insurance, which one might say is like banking, a big benefactor of the ‘game’. Would you buy insurance or food first if prices fall and you are out of work? He would lose in that environment, too granted, (did you notice he switched into food lately right around when he went on a buying spree in one of the safest of fiat currency:-) but the real gain is in the upside of knowing what society will need and having it with less competition:-), it only gets better…. Giving him credit he did offered to buy one percent of the 700 billion, (though not first lost position) or without his friends picking which ones...

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