Thursday, March 3rd, 2011...5:08 pm

Is Warren Buffett A Reincarnation of King Solomon?

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The news that Warren Buffett is moving in on the financial world of India comes as no surprise given his prior economic history. While this latest venture may sit well with the fat pocketbooks of corporate America, it could definitely evoke quite a different response from the theologians in this country. There are plenty of places besides the Old Testament portion of The Bible to learn about a man of long ago who spent his life buying and selling everything from cattle to spices. Possessed by greed and the unquenchable need to succeed, King Solomon amassed unbelievable wealth only to learn the futility of it all as he drew his final breath!

It wasn’t that long ago that Buffett pledged 75% of his $37 billion net worth in conjunction with a healthy pledge by Microsoft giant Bill Gates for the purpose of bettering the life of the needy and starving people in countries around the world. In the process of this philanthropic gesture, Buffett challenged American citizens to contribute as much as they could to the Bill Gates Foundation for this purpose.

One disturbing factor in the news regarding Warren Buffett’s sudden interest in acting as a corporate insurance agent for a company in India is that he has apparently found a way to bypass a loophole of Indian law which requires shares in a company to be 74% Indian owned. According to sources, Buffett’s company initially plans to ask for 26% interest in Bajaj Allianz, a vehicular insurance company in India. Buffett already knows that upon passage of an insurance bill by India’s parliament, he will be able to increase his interest to 49% in the near future. It is interesting to note that Buffett is already heavily invested in Swiss Re, a reinsurance company currently doing business in India. According to Birkshire India’s CEO, the fact that this new insurance venture will be be patterned after GIACO is already being anticipated to be a resounding success!

If historical accounts are correct, while no human being has ever possessed the wisdom of King Solomon, Warren Buffett has definitely learned how to make money by taking advantage of others. At the tender age of 6, Buffett bought 6-packs of soda for 25¢, sold them to other kids for 5¢ each and thereby pocketing 5¢ profit. At the tender age of 78, does Buffett have enough time to own the world?

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