Subject: Re: Dealraker made a point worth contemplating: "
"But you have a guy living in Monoco advising you on a business or even a complete life environment he's never seen or stepped into. A business that's dependent on fixed income generally very low income people making what's often impulsive/indulgent/non-essential purchases."


Mr. Buffett is famous for not having visited or even having seen the operations of most businesses he has purchased. In the talk at the University of Florida in 1998, he was speaking about his (then recent) purchase of Gen Re and joked "I hope the business is there" to the crowd's laughter :-)

By that logic, should we stop listening to Mr. Buffett as well?