Is Warren Buffett now a short-term speculator?

Warren Buffett has told the investment world that he is "a long-term investor."

Based upon recent Berkshire Hathaway disclosures, we find Buffett dumping long-term blue chip stocks such as Kraft Foods Inc. (KFT) and Procter and Gamble Co. (PG).

Warren Buffett has told the investment world that he doesn't invest in technology because "he doesn't understanding it" and that it runs counter to Graham-Dodd Value Investing.

Based upon recent Berkshire Hathaway disclosures, we now find Buffett dumping  his investment in semiconductor firm Intel (INTC).

Warren Buffett has told the investment world that he strongly dislikes derivatives.

Based upon recent Berkshire Hathaway disclosures, we now find Berkshire reporting huge losses in its derivatives portfolio.

The financial staff at The Think Billions blog look forward to more Berkshire Hathaway disclosures to the SEC.

Bill Gates: Tax Me and Tax Me Again

At a recent talk at the University of Washington, software billionaire Bill Gates explains why he is an enthusiastic "tax and tax again" billionaire.

(After all, it is all very cool talk these days, this "tax me" stuff; since very few billionaires like Mr. Gates were even close to being greedy billionaires on the way up. Correct? So, these billionaire public relations tours are just all very, very cool to listen to if you enjoy listening to a re-writing of U.S. business history.)

Gates gave a talk at the University of Washington's computer science building regarding a whole ranges of subjects. He commented:

"I didn’t start out with the dream of being super-rich. And even after we started Microsoft, and the guys who ran Intel -- Gordon Moore and those guys -- were billionaires, I was like, 'Wow, that must be strange.' And so -- it is, it's quite strange."

Jee, Bill, wow.

"So I can understand wanting to have millions of dollars, because there's meaningful freedom that comes with that. But once you get much beyond that -- you know, I have to tell you, it's the same hamburger. Dick's has not raised their prices enough. But, you know, being ambitious is good. You just have to pick what you enjoy doing."

Yeah, hamburgers.

"In terms of the very rich ... Warren Buffett and I are the two wealthiest Americans -- are certainly believing that the rich should be taxed a lot more...and the rich should give away more wealth than they currently do. And we've certainly been willing to speak out about that."

Speak out! And and reach out, Bill! Keep reaching out.