It's not "proof by fiction" but a parable. He and Warren have always traded based on fundamentals, and he's saying the fundamentals got lost along the way. It's a fair point.
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As a completely uninformed person, can I ask whom "the good father" in the parable refers to?
I have to say that while parables can be very powerful, this one only so thinly veils reality, that it confuses more than it helps.
I guess it's an amalgamation between Benjamin Franklin, Lee Kwan Yew.. and I can't recognize the third (Google suggests Paul Volcker)
Aha - thanks! The good father indeed sounds like Volcker: http://economix.blogs.nytimes.com/2009/12/17/paul-volcker-fi...