Betting with buffett

In People vs. Dinosaurs Thomas Friedman shows some surprising optimism about Israel.

Question: What do America’s premier investor, Warren Buffett, and Iran’s toxic president, Mahmoud Ahmadinejad, have in common? Answer: They’ve both made a bet about Israel’s future.

Ahmadinejad declared on Monday that Israel “has reached its final phase and will soon be wiped out from the geographic scene.”

By coincidence, I heard the Iranian leader’s statement on Israel Radio just as I was leaving the headquarters of Iscar, Israel’s famous precision tool company, headquartered in the Western Galilee, near the Lebanon border. Iscar is known for many things, most of all for being the first enterprise that Buffett bought overseas for his holding company, Berkshire Hathaway.

…So who would you put your money on? Buffett or Ahmadinejad? I’d short Ahmadinejad and go long Warren Buffett.

Whatever problems Israel has politically, economically it’s doing quite well. (Friedman actually argued this was a problem last week.)

Still, I’m not going to knock him. If Thomas Friedman wants to write something nice about Israel, I’m happy to read it (and promote it)!

Crossposted on Soccer Dad.

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I'm a government bureaucrat with delusions of literacy.
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