Interesting Advice from Buffet
August 25, 2008
On Friday, I came across some interesting investment advice from Warren Buffet. In an interview on CNBC, the billionaire investor (and Obama supporter) recommended that those who gave money to John Edward’s presidential campaign should bring a class action suit against the trial-lawyer-cum-presidential-candidate-cum-all-around-cad for campaigning under false pretenses:
“I mean, [Edwards] knew that, in effect, he wouldn’t be elected president…the story was out there…it might be kind of interesting if somebody, some contributor, would bring a class action suit on behalf of all these people who essentially were led to send money to a many under totally false circumstances, false pretenses…I’ve seen a lot of class action suits than this particular case.”
It would, as Buffet’s interviewer noted, be deliciously ironic.
I’ve always felt Edwards was on to something with his “two Americas” shtick, but it isn’t the division between the haves and the have-nots, it’s the division between those, like Edwards, who sue for a living and those who get sued. It would be nice to see him “feel the pain” of the other half.