For the record I don't mind Warren Buffett so much. He has a view and a process, like all of us. He's done very well, and good for him. But he's said lots of stupid things too, which everyone seems to forget. His comment back in the 90's about how Interest Rate Swaps were "weapons of mass destruction" had us ridiculing him for weeks back when I was at JPMorgan. (They were really only a problem for the people who didn't understand them.) But I think he's entitled to the respect of others within his specific field. His bottom line has earned him that in my opinion.
But it still drives me crazy the way CNBC fawns over him. That 'cult of personality' concept makes me nuts. He is right sometimes and wrong sometimes just like the rest of us. He is a mere mortal man, but you would never know it if you asked anyone in Secaucus.
I don't just mean Becky Quick, who I generally like. I mean the producers and executives who program the show and schedule 3 hours with him, as if his broad principles for investing were written on stone tablets by a bolt of lightning. No mere man deserves that kind of reverence. It's particularly annoying for me on days like today when there were so many other meaningful things to discuss.
For the record, whenever it's "Buffett" day on Squawk Box, that's the day I let my daughter switch to "Full House" reruns while she waits for the school bus. What's the point in listening to him prattle on about the same old vacuous nonsense... again.