Opinion: Don't Question the Almighty

His Greatness would also be impressed at taking the entire front page of The Huffington Post, although it was a day late, with a complete wrap-up of the major topics he covered. Buffett's front-page presence was short lived, however (he was bumped by a story on Iraq).

What will be interesting, is the coverage of Buffett this coming week. It is true that The Great Warren has vast influence on investing and the market, and we will no doubt see that in upcoming discussions about finance and business. The chroniclers of the Old Testament soon realized that when God spoke, the topics He chose and the opinions He delivered would soon set the debate going forward. Buffett did that Saturday with his optimistic view on housing, his support and criticism of the government, his views on insurance and the banking industry.

Some of that influence was apparent Sunday in coverage of Buffett's press conference. Buffett has made his share of investment blunders in the past year, but it is evident from Berkshire Hathaway's shareholders meeting that his audience wants to hear a message of hope -- that brighter days are ahead of us. Forget that his stock lost 32% in one year, in large part due to his own error in judgment.

On some weekends, Americans want positive headlines. We want to read about how Mine That Bird, a 50-to-1 long shot, won the Kentucky Derby. And we want to read that The Great Warren still has faith in the U.S. stock market, and that Berkshire Hathaway is a great stock buy. Doug Kass, my colleague on RealMoney Silver, is long Berkshire Hathaway. After reading the weekend's coverage, I think it's safe to assume he's not alone.