Comments on: “You, sir, are no Warren Buffett”

By: MS

MS — Fri, 21 Nov 2008 23:22:28 +0000

@bebe: what I found strange is that a CEO was trying to promote himself as a market guru. While some, like Buffet, are regarded by others as gurus, and some have insights due to the trends they see in their businesses, I don’t know of any other CEO that uses corporate consultants to promotes himself or herself personally as a market seer.

By: bebe

bebe — Fri, 21 Nov 2008 07:09:32 +0000

I don’t know what’s so bizarre about the pitch…I freelance produce in three different newsroom in nyc. I got the same email…I ignored it cuz I know Byrne is a nut. But my fellow employees all recieved it. Two scheduled interviews…the third was working on it. Yeah he’s a wackadoo…but the pitch worked.

By: Sam E. Antar (former Crazy Eddie CFO and a convicted felon

Sam E. Antar (former Crazy Eddie CFO and a convicted felon — Tue, 18 Nov 2008 23:47:42 +0000

Patrick Byrne may be no Warren Buffett. However, he is emulating many of my actions as the criminal CFO of Crazy Eddie.

http://whitecollarfraud.blogspot.com/2008/11/overstockcoms-new-disclosures-today.html

By: tierney

tierney — Tue, 18 Nov 2008 19:34:26 +0000

Oh, I almost forgot.
Look at the Youtube tape.
Byrne is calling an easy money driven credit crisis in December 2007, six months after the Bear hedge fund collapse and after the brokers had taken billions in charges.

Thats like saying the Japanese posed a threat to US interests…in the spring of 1942.

That sort of vision is simply not seen every day.

By: tierney

tierney — Tue, 18 Nov 2008 19:31:07 +0000

Here’s the best thing about the comment above: Lenofus appears to be totally serious. He is one of the most singularly obtuse posters on various OSTK forums and is noted for his slavish devotion to Byrne.

Its ironic that OSTK’s battles had the unintended consequence of drawing attention to OSTK’s management, performance and governance. Or lack thereof.

Once people saw what was going down at OSTK, the stock followed straightaway.

By: lenofus

lenofus — Tue, 18 Nov 2008 18:26:56 +0000

You sir, are totally incorrect about my personal and sustaining life force, my hero, Dr. Patrick Michael Byrne! You don’t have the credentials to even mention his name, let alone question his integrity as a man and leader of men. Love is too weak a word to describe the dedication I feel to this man. I have given up EVERYTHING; my work, my home and my family, all for the cause of the good Dr. Patrick Michael Byrne. His devotion to us, the tireless 20 hour a day web surfers who take his fight global ever day and night, is well documented. We are the workers in the trenches, common men who cling to his side and sweat blood to battle the media and the Wall Street elite with passion and unfazed zeal. We work hard to be recognized by him, to be acknowledged, rewarded and hopefully receive a personal email or phone call. His kindness and charity to hopeless causes are the fires that guide our every waking moment. You should be made to retract this blog entry and forced to write an apology for this heresy. You are a heathen scum who is not worth of further time.
lenofus

By: Zig

Zig — Tue, 18 Nov 2008 18:10:47 +0000

Perhaps Byrne was taught at the knee of Warren Buffet but he was too thick headed to actually do any learning there. That could definitely be, he is one arrogant lucky sperm.

By: MS

MS — Tue, 18 Nov 2008 02:41:13 +0000

@Andrew: you are absolutely right – Byrne’s father is well known and respected in the insurance biz. I’m sure Patrick knew Buffet at some point, but look at his behavior and find it impossible to believe that he actually learned from the Sage of Omaha.

By: Andrew

Andrew — Tue, 18 Nov 2008 01:39:01 +0000

Well, looking at his Wikipedia page, his father was former chairman of GEICO and, having just read a biography of Buffett, I know that Buffett knew this guy’s father very well. So it’s not out of the realm of possibility that at some point he learned at the knee of Buffett.

However, as far as everything you’re saying, I completely agree.