Post #3354 by weatherman on the Macroeconomic Trends and Risks board

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sorry, warren's 'aw shucks' folksy front doesn't fly for this one.
buffet's promulgation of cap-lite may not have been original , but probably became the most adopted philosophy among professionals.
i would go as far as to say it was more widely adopted than all of his behavioral investing advice combined.

i do not deny many were better companies. nor do i deny the outcome of broad cap-lite popularity has de-industrialized america, regardless of BH's opportunistic hard asset grabs. but it's not like warren doesn't wish he did different instead (see numerous balks at google).

i challenge you to 'buy american' when it comes to personal consumption, not only american HQ'd stocks.

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