Buffet embodies all that is wrong with our current "capitalist" model. The pursuit of money/ profits as an end in itself. The other great embodiement is Jack Welch of GE fame who was famously lauded all the time for "profits" - except the profits were made by buying perfectly good companies, then disemboweling them and getting all the cash out of them as quickly as possible. The resulting carnage took a while to show up ... but here we are. No longer the top company for managerial trainees or engineers either, but tops for "financial" engineers.
To get back to Buffet, somebody will probably write a post mortem, but his success was also mostly 'financial" maneuvers, getting stock at low prices in pre arranged deals, etc. I bet he couldn't tell you the difference between ICE direct and carburetor injection, of even what a good steak should be like. Sorry for the personal digs - the saddest feeling I have these days when I think about it (not much anymore, but that's another OT), is the *poor* taste or lack of taste, culture and common sense most of our leaders, elected or de facto in power.
PS (added later) - the pursuit of profits is fine, but it does depends on the framework/ environment these profits are made in. Destroying companies via (naked) short selling is the easiest to see in the financial area. But does it really make sense? Profits need to include damage to the environment and sickness it creates for others, now and in the future.So huge we all are mostly inured to them
