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Warren Buffett’s Best Investment

gatesnotes.com

151–160 of 212 posts

Re: Warren Buffett’s Best Investment

#151

Earlier quoted context omitted.

Well it wouldn't be Gates of 1992 running, it would be Gates of today. Have you changed in the past 25 years? I sure have.

He'd have to be a fool to change the thing that made him one of the richest men alive. So I assume he's still quite ruthless.

Why? If somebody was the best marathon runner in the world and they retired and took up fly fishing, would you say they were fools for doing so?

Re: Warren Buffett’s Best Investment

#152
You don't need a Gates- or Buffett- sized pot of money to make a difference. Sure, they can, and do, place massive orders at vaccine factories to get economies of scale. That's how a dose of the pentavalent vaccine comes to cost about the same as the CD that Windows used to arrive on. You probably can't place a US$50M order at a pharma company. But that's OK.

You can find a local NGO or charity that promotes, I dunno, literacy or first-generation college students or refugee settlement, or something. What matters is that they do a good job and you're interested in their mission. You can commit to supporting them with a regular cash gift. That kind of regular gift lets a charity plan their work. (One-off gifts are good too, but they don't have the planning benefit.)

But be careful: they may want you on their board of directors. :-)

Re: Warren Buffett’s Best Investment

#153

It is an envious position to be in where you can positively impact such an incomprehensible number of human lives in the best of ways. It's incredibly heart warming how many people have been saved by the Gates Foundation. Although, the realist in me worries about the possibility that in the long-run, civil liberties and human rights are also of importance to humanity in saving human lives, and human dignity. Without…

Is there any credible objective evidence that Ian Murdock was abused by the police? I think that you could have chosen a clearer example of police abuse to better support your point.

Re: Warren Buffett’s Best Investment

#154
post #133

Earlier quoted context omitted.

Read the article...: > Warren, your gift doubled the foundation’s resources. It’s allowed us to expand our work in US education, support smallholder farmers, and create financial services for the poor. But in this letter, we’re going to tell you about our work in global health—because that was the starting point of our philanthropy, and it’s the majority of what we do.

Read my comment.... > civil and human rights abuses

What should they do, exactly? In my eyes improving education and helping the poor aim exactly at the root of your problems.

Re: Warren Buffett’s Best Investment

#155

Earlier quoted context omitted.

I think Bill Gates would agree that when you control the philanthropic funds of the 2 richest people on earth then you have some obligation to spend the money in proportion to the importance of the issues being addressed. I won't argue the relative merits of the marginal value of a human life vs. mass extinction of species because I'm sure we both have different values underlying our respective views and will never c…

I won't argue the relative merits of the marginal value of a human life vs. mass extinction of species We aren't going anywhere anytime soon, and when we do, it likely won't be from the effects of preventable climate change. We may in fact have another ice age sometime in the next several million years - but no amount of money, protests, cutting back on emissions, carbon taxes, or other measures will stop it. Dinosau…

This is precisely not about the survival of the human species, we are doing fine and humans are the most likely to be able to adapt to rapidly changing climate and collapse of biodiversity. The issue is that the biodiversity will recover only slowly (in the order of 10 million years) and probably won't completely because we have left very few natural habitats anyways.

Humans have completely bypassed all the usual regulatory mechanisms that balance the populations of all the other species and caused mass extinction simply by reproducing well beyond what a natural ecosystem could sustain. Even the ice age set in way slower than how fast we are currently changing the temperature on earth.

As much as I understand that most people have an anthropocentric outlook, especially the >30% religious fundamentalists in the US, I feel like we should value overall biodiversity over pure human survival. Most of the programs the Gates foundation are probably helpful in the long run for this as well. Lower infant mortality, better access to birth control and reducing poverty will hopefully result in slowed down population growth.

Re: Warren Buffett’s Best Investment

#156
post #153

It is an envious position to be in where you can positively impact such an incomprehensible number of human lives in the best of ways. It's incredibly heart warming how many people have been saved by the Gates Foundation. Although, the realist in me worries about the possibility that in the long-run, civil liberties and human rights are also of importance to humanity in saving human lives, and human dignity. Without…

Is there any credible objective evidence that Ian Murdock was abused by the police? I think that you could have chosen a clearer example of police abuse to better support your point.

Don't want to derail this to be about choosing better examples because there are plenty of examples out there and if you'd like to offer another you are more than welcome to contribute yourself.

Murdock was just what came to mind because he contributed so much to open source software and to a large community of people. He was a trailblazer in the realm of OSS and I think that was an important role for humanity to have people willing to take those steps. Gates did a lot to give us the MS OS, Murdock did a lot to bring Debian/Linux to more people.

I believe Ian Murdock is a credible source. Of the people involved, the most credible and respectable source available; but outside of that small group of people, only the universe knows for certain. Or things that exist in other dimensions. Or outside the realm of dimensions. Whatever.

Re: Warren Buffett’s Best Investment

#157

It is an envious position to be in where you can positively impact such an incomprehensible number of human lives in the best of ways. It's incredibly heart warming how many people have been saved by the Gates Foundation. Although, the realist in me worries about the possibility that in the long-run, civil liberties and human rights are also of importance to humanity in saving human lives, and human dignity. Without…

> Without going into an argument about the relative importance, shouldn't at least some significant portion be distributed towards solving the human and civil rights, liberties, and justice abuses here in America? I would guess that a country with stable institutions, high GDP per capita value, democracy and the highest absolute military spending this issue could be addressed in the ballot box. In the richest democra…

> this issue could be addressed in the ballot box

I don't believe that is true. Recent history is especially illustrative of this.

Re: Warren Buffett’s Best Investment

#158

It's hard not to be impressed by what the Gates Foundation is doing. I don't think they get the full recognition they deserve sometimes, maybe because much of their work is abroad in the poorest countries in the world. Hard to fathom the number of people out there in the world thankful and who owe their lives to the foundation choosing to help their community or their cause. With that said and not to diminish the goo…

Also, Buffett's gift is still inspiring to me 10 years later. The world's richest man never spent his enormous fortune other than living a normal upper middle class lifestyle. He not only decided to give away all the money, but is doing so without the typical pursuit of marking his name in stone on every building in the world. He didn't even create a charity in his name. Very possible that the Gates foundation will l…

The Gates Foundation will be closed 20 years after the death of Bill and Melinda.

https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundat...

Re: Warren Buffett’s Best Investment

#159

It's hard not to be impressed by what the Gates Foundation is doing. I don't think they get the full recognition they deserve sometimes, maybe because much of their work is abroad in the poorest countries in the world. Hard to fathom the number of people out there in the world thankful and who owe their lives to the foundation choosing to help their community or their cause. With that said and not to diminish the goo…

Also, Buffett's gift is still inspiring to me 10 years later. The world's richest man never spent his enormous fortune other than living a normal upper middle class lifestyle. He not only decided to give away all the money, but is doing so without the typical pursuit of marking his name in stone on every building in the world. He didn't even create a charity in his name. Very possible that the Gates foundation will l…

> He didn't even create a charity in his name.

A charity was created in the name of his late wife though, and it is known as the Buffett Foundation for short. They are also doing amazing work:

https://www.bloomberg.com/news/articles/2015-07-30/warren-bu...

Re: Warren Buffett’s Best Investment

#160
post #7

Earlier quoted context omitted.

I can't help but shudder at the thought of the dystopian future that leads to a Zuckerberg presidency.

Agreed. That said, I'd gladly read a book based on that premise.

Already a short story is written about this premise.

Democracy 3.0: A science-fiction story about what comes next in America https://qz.com/884971/democracy-3-0-a-science-fiction-story-...

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