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Title: Buffet and PetroChina
Category: Other
Blog Entry: The Oracle of Omaha had been criticized for investing in PetroChina. PetroChina, through its government-owned parent China National Petroleum Corp, is too closely linked to Sudan. Buffet revealed last week he sold the stake in the Chinese oil company based on valuation grounds. Buffet's initial stake of $488 million surged to $3.31 billion at the end of 2006.

I think it's run to profit from the misery of others. We need to show understanding and compassion. We cannot sacrifice human rights for the sake of the all mighty dollar. We need to be better.