Sunday, August 19, 2007

A Shout-Out on the Web

Investing groupies make Facebook pages a virtual Omaha


Warren Buffett has never been known for his love of technology. In The Warren Buffett Way, Robert Hagstrom describes how limited the 76-year-old executive's online activities are: "He buys books, reads the Wall Street Journal, and plays bridge."

But while Buffett has pretty much ignored the Internet, the Internet has certainly not ignored him. Scads of investing sites, forums, and blogs around the globe lionize Buffett's legendary investing prowess and the success of Berkshire Hathaway, the investment holding company he runs. Members of online communities like Silicon Investor, with its Buffett-loving constituency, pore over his shareholder letters, discuss Berkshire's numbers, and scrutinize the latest transactions.

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