Anodyne
Sunday, September 24, 2006
 
Roger Lowenstein, Buffett:

"It is scarcely implausible that Buffett's fear of death has contributed to his desire to accumulate. Agnostic and hyperrational, he has few other opiates. His one passion has been to collect -- not money, precisely, but tangible evidence of himself. He clings to his friends, his house, his old foods and stock lines, and his stocks themselves. Notably, he says he does not enjoy running businesses; he enjoys owning them. In the view of his friend Barbara Morrow, the formative trauma of his life was when he was yanked out of Omaha to go to school in Washington -- a forced seperation. He has been accumulating assets, but hardly ever selling or disengaging from them, ever since. As he commented in a recent letter, 'We like to buy. Selling, however, is a different story.' In a sense, his whole career has been an act of holding on -- of refusing to say goodbye."
- posted by cjb @ 10:25 AM


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