Being Buffett May 7 2007

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    Being Buffett ... and blunt

    Oracle of Omaha has frank assessments of the Dow,

    housing and CEO compensation.by CNN's Susan LisoviczMay 6 2007: 3:31 PM EDT

    OMAA! N"b# $CNN% && " (ay") *+" u,u("("# " san- .i*+ )ancin- /ui*s# " ."n*on"&on&on" in a coica( vi)"o*a" a-ains* NA s*a L"on a"s#

    An) *+"n in *+" s"c*ac(" (on- ,no.n as *+" 4oo)s*oc, /o Cai*a(is*s! 4a"n u//"**/i"()") 5u"s*ions /o s+a"+o()"s a* ",s+i" a*+a.ay's annua( ""*in- in Oa+a!N"bas,a! Sa*u)ay# o n"a(y si +ous *+" 76&y"a&o() bi((ionai" an) is coun*"a*

    an) vic"&c+aian! C+a(i" Mun-"! 83! a))"ss") issu"s b"/o" a co.) o/ ou-+(y28!000! +an)(in- *oics an-in- /o *+" -(u* o/ iva*" "5ui*y )"a(s in *+" 9#S *oac5uisi*ion ossibi(i*i"s ov"s"as#

    n a bi"/ in*"vi". .i*+ CNN b"/o" *+" ""*in-! +"() in /on* o/ a "n +o()in- *.o(a-" s*"" unc+in- +ay! u//"** "ain") bu((is+ abou* *+" s*oc, a,"*### "v"n ai)Do. 13!000 an) i*s b"s* .in s*"a, in 80 y"as#

    ;To -"* o/ -ains " y"a! *+" Do. .i(( +av" *o "n) *+is c"n*uy a* 2 i((ion# So youb"**" -"* us") *o announcin- *+" (i**(" i("s*on"s!; +" sai)#

    T+" so&ca((") Oac(" o/ Oa+a .as a(so ub"a* abou* *+" "si(i"nc" o/ consu"s"n)in- )"si*" -as ic"s *+a* a" aoac+in- "co) +i-+s# ;?aso(in"! +""! o/ cous"is s*i(( v"y c+"a coa") *o cos*s aoun) *+" .o()!; +" no*")# ;4" can ov"co" ana./u( (o* o/ *+in-s *+a* s"" (i," *"oay ob("s in *+is coun*y#;

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    ",s+i" a*+a.ay$C+a*s! o*un"

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    ;T+" CEO's +av" a -oo) -a"# T+"y'" no* abou* *o -iv" i* u!; +" sai)# ;So"bo)y sai)CEO ay +as *+" +ono sys*"# T+" s+a"+o()"s +av" *+" +ono an) *+" CEO's +av" *+"sys*"#;

    u* u//"** +is"(/ ca" un)" /i" /o so" s+a"+o()"s! .+o u-") +i *o )iv"s*

    ",s+i"'s s*a," in a P"*oC+ina! a C+in"s" oi( coany .+os" a"n* )o"s busin"ss.i*+ *+" -ov"n"n* o/ Su)an! an) is b(a") /o *+" -"noci)" in Da/u#

    u//"** )iscuss") *+" issu" in a "vious ("**" *o s+a"+o()"s *+a* ca((") con)i*ions inDa/u ;)"(oab("#; u* +" no*") a* *+" ""*in- *+a*! ;T+"" is z"o conn"c*ion b"*.""nou inv"s*"n* in P"*oC+ina an) .+a*'s +a"nin- in *+" Su)an#; N"v"*+"("ss! u//"**a((o.") abou* =< inu*"s o/ )iscussion on *+" issu" o/ )iv"s*"n* a(on"#

    u//"**! .+o (as* y"a (")-") *o -iv" *+" bu(, o/ +is "s*ia*") == bi((ion *o c+ai*y!ac,no.(")-") *+a* so" o/ *+" *+on-s o/ )isci("s .+o +un- on "v"y 5ui an) an"c)o*"Sa*u)ay .ou() (ov" *o succ"") +i#

    u//"** sai) in +is s+a"+o()"s ("**" in Mac+ *+a* ",s+i"'s boa) o/ )i"c*os ,no.s.+o .ou() succ"") +i as c+aian i/ +" )i"s su))"n(y# u* in a suis" announc""n*!u//"** sai) +" .an*s *o s(i* +is )ua( /unc*ions# " sai) +" is (oo,in- /o a c+i"/inv"s*"n* o//ic" .+o oss"ss"s ;in)""n)"n* *+in,in-! "o*iona( s*abi(i*y an) a ,""nun)"s*an)in- o/ bo*+ +uan an) ins*i*u*iona( b"+avio#;

    u//"** sai) *+" s"ac+ .ou() acc"("a*" a/*" *+" annua( ""*in- an) *+" /o(,sybi((ionai" sai) i* .ou() b" con)uc*") uc+ (i," ;A"ican )o(#; 4+"n as,") i/ +".ou() b" o" (i," Pau(a Ab)u( o Sion Co."(( in Bu)-in- can)i)a*"s! u//"** sai)! ;-u"ss ' a (i**(" o" (i," Sion#;

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