Warren Buffett decries executive greed yet invested in Goldman Sachs, the symbol of Wall Street bonus excess, and says he has no problem paying people huge amounts of money if they're worth it. Is he being hypocritical with these contradictions, or is there a larger point?

In the past...

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Buffett had long preferred to find a great company and own the stock as long as possible. Investors who had watched him over the years had become so accustomed to certain Buffettisms--holding stocks for the equivalent of an investing...

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With the stock market so expensive, for the past several years Buffett had continued to buy mostly whole businesses. Berkshire bought Iscar, a highly automated Israeli maker of metal cutting tools, in its first acquisition of a non-U.S. company. For Fruit of the Loom, Buffett...

When THE SNOWBALL: WARREN BUFFETT AND THE BUSINESS OF LIFE (BANTAM) was originally published in fall 2008, Alice Schroeder's intimate account of the man known as "The Oracle of Omaha" made national headlines. The book's publication also happened to coincide with the depression of the global economy and the...