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Does Rap Genius Hate Warren Buffett?

Feb 25, 2013
by Kelly Scott in berkshire hathaway // warren buffett with No Comments

On February 21, 2013, cofounder of Rap Genius Mahbod Moghadam started up a strange feud with Warren Buffett, billionaire investor, when he tweeted from his handle @rapgenius this extremely profane message: “WARREN BUFFETT CAN SUCK MY ____.” Sending out offending tweets to those people well known in the media is nothing new, but it is rather surprising when it comes from one of the creators of a largely popular website that just received a $15 million injection in venture capital. People will pay attention to these things.

Then just a few hours later, Moghadam announced that he is holding a Warren Buffett diss track contest on Rap Genius. The contestants have to post original lyrics that badmouth Berkshire Hathaway’s 82-year-old Chairman and CEO. The winner of the contest receives a Rap Genius T-shirt. It looks like a $15 million venture capital injection didn’t do anything to improve the contest prizes! Feel free to make fun of Mark Zuckerberg as much as you want for his horrible fashion sense. For whatever reason, Moghadam looks to have taken the role of the eccentric tech entrepreneur to a strange and uncomfortable new level.

Nitasha Tiku, writer for BetaBeat published a very thorough article in regards to the strange vendetta, where she included a Google chat interview with the eccentric entrepreneur, who says of Warren Buffett during the interview, “from a philosophical perspective I hate that fool… He brags about eating at mcdonalds [sic] I loathe him.”

It turns out that Moghadam’s hatred of Warren Buffett started a few years back when Berkshire Hathaway took back their internship offer when they discovered that Moghadam wrote a blog post belittling one of their clients. And another thing, Warren Buffett is friends with his ex-girlfriend’s mother, which could also have been part of the reason he landed the internship to begin with.

This contest definitely has the sense of a public relations stunt, but it certainly feels like the bad blood is for real. There have been commenters on the message boards defending Warren Buffett because he supports higher taxes for the rich. Then again, others have bashed Moghadam because he’s a “bad publicity troll.”

So far, only a few entries have been made into the diss track contest, and all of the entries are poor. Take a look at one entry courtesy of a Rap Genius commenter going by the name jewlove: “the wizard of Omaha? Ha ha/Creating economic blizzards/and a buzzard feasting off the cadavers/of the common folk, with geico.” I can only imagine that the Notorious B.I.G. and Tupac Shakur both rolling over in their graves.

Far as I can tell, this is the first hip-hop beef Warren Buffett has been involved in. Although he does have a tendency to show up in rap lyrics every once in a while. He hasn’t responded to this as of yet, most likely because he’s so busy acquiring H.J. Heinz Co., using the ketchup company as leverage and generally being an all-around nice guy. But if Warren buffet does choose to reply, it might be in his best interest to let Jamie Dimon take over as his hype man and have Fed Chairman Ben Bernanke officiate a charitable rap battle.

Moghadam probably thinks that his hip-hop fans are going to give him massive credit for bashing the billionaire investor in this crazy contest. But let’s not forget that he’s up against a guy who threw up the diamond sign when Jay-Z’s 40/40 club opened. If you don’t know, now you know.

Warren Buffett Likes Lebron James’ Business Intelligence

Nov 6, 2012
by Kelly Scott in billionaires // warren buffett with No Comments

They say that politics makes for strange bedfellows, but making money brings even stranger pairs together. How do I know this? Because the 27-year-old best player in the NBA who happens to be a multimillionaire, Lebron James, was recently spotted with the 82-year-old multibillionaire, who happens to also be the second richest person in the US, Warren Buffett. Doesn’t that seem like an odd combination?

Lebron James achieved every possible accolade in his profession of basketball this year, including: an Olympic gold medal, an NBA championship and he won MVP. But Lebron James has always had his eye on the bigger picture and a much larger prize. He has always desired to join Michael Schumacher and Tiger Woods in the category of billionaire athlete. He’s currently in the process of putting together a team that will help make that happen.

As far as draft picks go, Warren Buffett definitely makes sense as your number one pick. Recently, Buffett mentioned in an interview with the Miami Herald that he believes Lebron has everything needed to succeed in the boardroom.

“You have to get to know him,” said Buffett. “Lebron’s not initially really talkative. He’s savvy. He’s smart about financial matters. It’s amazing to me the maturity he exhibits. I know that if I had been famous at that age, I would have had trouble keeping my feet on the ground.” (Do you think Buffett has a high vertical leap?)

Lebron still has some big hurdles to jump over, at least from the public relations perspective, because of the decision he made in 2010 where he left the Cleveland Cavaliers and decided to move to Miami instead. Although this decision appears to have been the right one, it made the cities of Miami and Cleveland both look bad, and somehow it even made Lebron James himself look worse.

As far as bank accounts go, his is doing just fine. He brought in $53 million in 2011 according to Forbes, and $40 million of that came in from endorsements. That puts him in fourth place as far as athlete incomes are concerned during the year of 2011. The only people that outdid him were Tiger Woods, Manny Pacquiao and Floyd Maywether.

But it’s a far cry from becoming a billionaire, which is why Warren Buffett and others have come in to lend him a hand. Lebron is looking to maximize his opportunities for sponsorship, and he has his pick of the litter as far as high-profile companies are concerned. Businesses like McDonald’s, Nike, Coca-Cola and Samsung are all interested in his personal endorsement. And why shouldn’t they want it? Everybody looks up to Lebron, and he’ll be a great spokesperson for these companies.

Lebron’s also smart with the way he represents his products. He doesn’t just endorse them, oh know. He always ends up owning a piece of them by entering into partnerships and ownership stakes with all his endorsements. So far he’s done it with bicycles, furniture, headphones and the Liverpool soccer club.

He’s in the right media market by being in Miami, and the sport he’s in has mass appeal. But more importantly than that, he’s now on a winning team and he’s a champion. Winning is a cure for all ills, even those we inflict upon ourselves. Mister Buffett has taught his young and eager apprentice very well.

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