City hall is symbolic for Titan. Every now and then a Titan gets brought to terra firma, but it's rare. And not without good reasons. Titans not only represent money and power, they have aura going for them, a huge but influential intangible most of us can only daydream about. They also have a platform.
Warren Buffett, the Omaha Scold, is such a Titan. We call him the Omaha Hypocrite. Buffett was, as is his won't and whim, on CNBC recently peddling his views, as one obviously enthraller blogger noted, on "everything." Titans and tyrants share much common DNA. The go together like pizza and delivery.
Titans are not only full of themselves, they're full of opinions. He once owned a house in a tony SoCal seaside community he rarely visited. He claimed he paid more taxes on his Omaha digs than that exclusive home and opined the state should raise taxes on real estate, just what all the non-billionaires in life want: a guy who really doesn't live in your community dictating how you should live there. At the time and we still do now think this is sterling advice, particularly from a guy who once boasted his secretary pays more annual taxes than he does.
Buffett's empire is wrapped in fiat money assets, make no mistake about it. Like any good Titan or, for that matter, economist, he isn't beneath massaging his data. In fact, he's quite skillful and cunning. He is after all really in the insurance business. We're not taking on here the skinny guy who got sand kicked in his face at the sea shore.
So read the linked article and make up your own mind. mishtalk.com/2016/02/29/buffets-math-trumped-by-gold/
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