"My (ex) Buddy, Warren Buffet"

(Written 8/31/11 by ChristopherK2 for the Nice Marylanders Over 35 Blog)

Investment guru Warren Buffet made the news headlines recently for investing $5 billion in Bank of America, and because shortly thereafter one part of that investment went up by $350 million in *one* day.

What's NOT known until now is MY role in all of that. So, y'all are the very first to know.

I've long been one of many "ordinary people" Warren talks to a couple of times a year in order to "keep his fingers on the pulse of America." Well, that's the way one of his stooges explained it to me years ago. We talk for about 15 minutes, and he usually just asks my general views about the economy, and sometimes about particular sectors.

I just recently figured out that all of us are considered "ordinary Idiots." Harumph! It turns out that ol' Warren likes to know what the common folk do, and then he does the *opposite* and makes a fortune.

I realized that looking back on our chats after the recent Bank of America deal. In our most recent chat before that he had asked me, seemingly innocently, what I thought of the banking sector. I replied, "Warren, banking is sooooooo last Tuesday. I and everyone I know has been dumping all of their bank stocks."

Now, I feel so used.

But I have a plan. Of course...

The next time I chat with ol' Warren, I plan on giving him a "hot tip" on buying or selling some stock, and then I will do just the opposite myself. That way, I'll become stinkin' rich when Warren does the same thing. HA!!!