Buffett is another pyramid scheme operator. He will say anything to keep the party going. What has he invented to justify his extreme wealth? Legitimate business men have a real product to sell: a car, computer, airplane etc. Warren's product is money.
"He asked one of his partners, a doctor, to find ten other doctors willing to invest $10,000 each in his partnership. Eventually eleven agreed, and Buffett pooled their money with a mere $100 original investment of his own." -
http://en.wikipedia.org/wiki/Warren_BuffettYes, a friend and I was once invited to a "seminar", around 1997. They pulled out all the stops and told us how their product was so amazing everyone needed it . Their product was you guessed it, money. The only catch was we had to invest $14,000 in this scheme to become members of the exclusive club. I am so glad I knew back then what a ponzi scheme was and walked away from the seminar laughing. 4 months later this scheme collapsed.
Warren's scheme will take longer to collapse. It would have already collapsed were it not for the bailout.