Is Warren Buffett a Washed Up Oracle?

New Geography reports:

Of course Buffett was in favor of the bailout – his companies directly benefited as did the investments made by his companies. He put $5 billion into Goldman Sachs preferred stock with a 10% dividend – a substantially better rate of return than the US government got on our $10 billion bailout, er, I mean “investment.” Berkshire Hathaway was the largest shareholder in American Express Co. when they received $3.4 billion from Uncle Sam.

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