After all, if there’s anything Buffett ought to condemn based on his past comments, it’s a toxic deal like Goldman’s Abacus, which was comprised of the very same derivatives the Good Buffett warned nearly a decade ago were “weapons of mass destruction.” Now the same guy has a multi-billion-dollar portfolio of them.

Again, the SEC’s case has cost Warren Buffett hundreds of millions of dollars and could potentially cost him billions. If you’re going to write a story on his comments, you’ve got to emphasize his self-interest—up high.

It’s long past time for the press to start holding Buffett’s feet to the fire.


Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.