During the 2008 financial crisis, Buffett, who has a net worth of $73.4 billion, played a hero. Now he has yet to step up to provide confidence.
The Mooch also doesn’t think the recent $2 trillion fiscal stimulus package went far enough, especially on Main Street. He'd target close to double.
Oil production can’t just be turned off because some wells depend on pressure that shutting down complicates. And scarce storage costs money.
Those who hired Tangen to manage Norway’s savings have been ordered to explain how he’ll handle his personal fortune as CEO now that oil has crashed.