President Barack Obama will name billionaire Warren Buffett one of fifteen winners of the 2010 Medal of Freedom, a White House official said on Wednesday.
No one has done more to exemplify a virtuous lifestyle for an investment professional than Warren Buffett. He has articulated a comprehensive, common-sense investment philosophy that anyone can decipher and follow and has stuck to it throughout his career. He has little in common with most Wall Street professionals and that is precisely why he is far more successful than them.
Warren Buffett isn't perfect. His personal relationships haven't exactly been conventional but he has never tried to hide them. Some of his investment calls have been less than admirable - like his Goldman Sachs rescue - but he has made them to further the interests of the Berkshire Hathaway shareholders who've entrusted their money to him.
Congratulations, Uncle Warren. You've earned it.