On a personal note, it seems that virtually everything that Buffett touches turns to gold and that his business philosophy is close to perfection considering the ridiculous rise in the value of Berkshire stocks. However with all philosophies, his concepts are not infallible as evident with his last business blunder. He, like every other mogul, is not immune to external influences such as inflation, economic state, and political situations.
Works Cited
University of Phoenix e-Resouce. Warren Buffett, 1995.
https://mycampus.phoenix.edu/secure/resource/resource.asp.
Warren E. Buffett, 1995 http://techinterms.slu.edu/-
interns/downloads/newsletter/case%202.doc. May 2003.