Friday, November 21, 2008

Citizen Buffett

Orson Welles' character Citizen Kane gives it up with his last word ," Rosebud". It was a reference to his boyhood sled and happier times. The "Rosebud" decal on the sled pointed to the promise of spring in the midst of winters gloom.

Warren Buffett's recent autobiography is titled "Snowball". It refers to the compounding of wealth through the dynamic of buying sound companies and never selling. This is Buffett's version of reflection on happier times now that he's nearer the end of his career. Eh!

Buffett has pledged his fortune to charities. Buffett will use his wealth to help many people who sadly shouldn't have been born. These people now suffer deprivation. They will be helped by a man who spent his whole life accumulating more than he needed.

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