Omaha takes on Wall Street

Berkshire Hathaway shareholders no longer attend the «Woodstock for Capitalists» to celebrate outsize investment returns. There haven’t been many of these of late. Instead, they come to express their solidarity with the values of the Sage of Omaha and to collectively abhor the modern ways of Wall Street. Warren Buffett believes the «faith» that he has instilled among Berkshire and its shareholders creates a competitive advantage that can endure long into the future. Yet both this, and Vice Chair...