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Why Buffett Loves Obama

Here's why the super investor might like Obama's policies.

Updated from 6:59 a.m. EDT

To be fair, I'm being a bit cynical in this article. Warren Buffett, despite his father having once been a Republican congressman from Nebraska, has been a lifelong Democrat. So it's natural he'd support Obama. However, I think Buffett gets particularly enthusiastic when he has an opportunity to make money.

Mega-profitable opportunities are hard to come by for Buffett, particularly with a $50 billion cash hoard and a lumbering giant such as

Berkshire Hathaway

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under his able command. And Barack Obama presents just such an opportunity for Buffett.

Buffett is not alone in advising Obama on the economy. Eric Schmidt, CEO of


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, has also been advising Obama, as has


(C) Chair Bob Rubin and Jon Corzine, former

Goldman Sachs

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co-chairman and now-governor of New Jersey. With investments ranging from

Johnson & Johnson

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Wells Fargo

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U.S. Bancorp

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, it's worth looking at the wider reasons why Buffett might be supporting Obama's stances on various issues.

To read the rest of the story, and to find out why Buffett might like Obama's policies, please click here.

A note from James Altucher:Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to atheme but also offer significant analysis as to why the stocks are cheap.Here are some examples: Here's the challenge: Build a portfolio at with greatanalysis, and send me the link. Each great portfolio (with analysis)will get posted on with your byline (as a "StockpickrGuest Columnist") and will be included in my email I send to Jim and the otherhedge fund managers on my list.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

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Financial Times

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Trade Like Warren Buffett



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