Keep in mind without the "Pig Politicians" this could not happen.
Who doesn't love the image Warren Buffett projects in the media?
The beloved stock-picker, with his mantra "buy smart, sell never", has become an American icon. He preaches the free market, capitalism, smart business practices and running a tight ship. He lives frugally in a modest home, doesn't flash his (extreme) wealth and claims that through hard work and dedication one can succeed in America.
And now, Berkshire is set to report what may be the best quarter in his firm's history.
The truth is somewhat different.
Buffett has repeatedly used his influence to exempt himself from laws that apply to everyone else. Among them is an exemption from reporting requirements when he acquires or sells significant stakes in companies; these actions are required, for ordinary people, to be reported to the SEC and filed publicly. Warren has an exemption.
He was a "smart investor" i
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