A Different "Green" in Omaha

At the Berkshire Hathaway meeting in Omaha, Nebraska--the Midwest, the Great Plains, the flyover states, the breadbasket, just to remind you--a few un-Red State-friendly views were expressed, and not by the protesters in Heartland of America park. They came from the podium.

A sampling:

--Buffett acknowledged that global warming is a very real thing, although he doesn't expect it to impact shareholder results, at least not for the near future. Munger acknowledged it, too, though referred to it as "dislocation," as in populations would be displaced to new locations.

--Buffett and Charlie Munger bashed compensation consultants and said executives were generally overpaid (Buffett takes home $100,000 in salary per year) and that such pay was unfair to investors.

--Munger said, essentially, that ethanol is a pointless pursuit and burns up more energy and damages topsoil.

Guess where much corn is grown? Well, Omaha. Said Buffett, "Well Charlie, we'll be sneaking you out of Omaha tonight."