Berkshire Hathaway drops in Most Respected Company rankings

Discussion in 'Politics' started by hughb, Jun 23, 2012.

  1. hughb


    Last year it came in at number 3 on the Barron's list, this year it came in at 15. The "Buffett Tax" seems to have hurt Buffett's reputation. Here's a comment from Adrian Day of Adrian Day Asset Management: "Buffett's pseudo-folksiness is just a little too much. Also, I can't respect a company whose head wants to raise my taxes."
  2. When you invest billions in banks and insurance companies, it's nice to have a backstop in the form of the federal gov't and taxpayers to bail you out if it goes wrong. It makes for a very nice assymetrical risk reward opportunity.

    Hence, the need for higher taxes.
  3. And just how does this beauty queen popularity contest list affect it's shareholders?