Buffett swoops on hopeless quango
Published 28/07/2013 | 05:00
HAS Warren Buffett lost his marbles? What in the name of God is the lofty Sage of Omaha doing, mixing it with the lowly VHI?
Out of the blue, last Thursday morning an Irish Independent exclusive revealed that the wiliest investor in the world had been sucked into one of the deepest swamps in Ireland.
The headline described it as a "massive coup" for the decrepit company. In fact, it was a massive coup for Charlie Weston, who broke the story. Media reports suggested that Buffett's entry to the moribund health insurance market would save the Irish taxpayer up to €90m.