Ira Stoll on Warren Buffett's Economic Confusion



Warren Buffett, the CEO of Berkshire Hathaway and one of the richest men in the world, put out his annual letter to shareholders over the weekend. It got a lot of press attention, but as Ira Stoll observes, as is often the case with Buffett, even in the newspapers that he does not own, the attention was so worshipfully deferential that it ignored a glaring contradiction in the letter.