I have been doing a TON of radio interviews about Warren Buffett recently. In fact, I have another one on Voice America in an hour.

Why so much interest in an old guy from Omaha? Well, the fact that Mr. Buffett has handed long-time Berkshire shareholders an overall gain of 400,863% (1965 through 2007) might have something to do with his popularity.

And the fact that he's now trekking through Europe looking for family business acquisitions is generating a whole new round of buzz. 

His European vacation aside, if there's one thing to focus on with Buffett, it's his unrelenting interest in understandable businesses run by great management teams that are available at fair prices. 

I mean, really, who can argue with that approach (and the results it's produced)?