Buffett to step down following six-decade run atop Berkshire

Post by ponector » Sat, May 03, 2025, 9:45 PM UTC

kinnth wrote: post #37

heresie-dabord wrote: post #28

Earlier quoted context omitted.

> Still, end of an era. That is an enormous understatement. At 94, Buffet has witnessed history and has represented a vision of betterment, a just society, and sound economic stewardship. These things were not and are not hallucinations. But for many, it seems, the lessons about co-operation, stable economic growth. the sane application of democratic principles, and the rule of law must be learned again. It's the end…

Buffet reminded me a lot of Angela Merkel. They stood clearly and simply for good moral judgment, fair systems and looked at the bigger picture to carry most people forward. They also based all their decision in facts, truth and science. They learn't their trades (economics & politics) over time and weren't afraid to adapt as times changed. Their slow and steady presence did more for equality and fairness than many o…

Post by epolanski » Sat, May 03, 2025, 9:56 PM UTC

chrisco255 wrote: post #69

nabla9 wrote: post #60

Earlier quoted context omitted.

It's really a non-problem. Net capital inflows into the U.S. = U.S. trade deficit. The balance of payments is simply: Sales of assets – Purchases of assets = Purchases of goods – Sales of goods If you balance the trade, it means foreigners must stop investing into the US.

If you balance the trade, it means reduced foreign ownership of U.S. assets, yes, which means ownership of U.S. assets by domestic citizens will increase. One of the primary problems with an unbalanced trade deficit is that your own inhabitants are left with less wealth over time, as assets are sold off to fund consumption.

Post by ajross » Sat, May 03, 2025, 9:59 PM UTC

WalterBright wrote: post #127

terribleperson wrote: post #101

Earlier quoted context omitted.

Part of the justification for tarriffs is that America is somehow being 'taken advantage' of by the rest of the world and the tarriffs are the rest of the world finally paying their fair share. The reality is that (until now) America has had a uniquely privileged position in the world economy that got America, in general, very beneficial trade deals. He's commenting on the attitude driving the tariffs.

Uniquely privileged position? The only unique thing about America is free markets. Any country can become highly successful by enacting free markets. The only thing in the way is their disbelief that they work. There's a common thread across the world and history. The more free market a country is, the more it prospers.

Post by karmakurtisaani » Sat, May 03, 2025, 10:02 PM UTC

closewith wrote: post #35

heresie-dabord wrote: post #28

Earlier quoted context omitted.

> Still, end of an era. That is an enormous understatement. At 94, Buffet has witnessed history and has represented a vision of betterment, a just society, and sound economic stewardship. These things were not and are not hallucinations. But for many, it seems, the lessons about co-operation, stable economic growth. the sane application of democratic principles, and the rule of law must be learned again. It's the end…

[flagged]

Post by thfuran » Sat, May 03, 2025, 10:03 PM UTC

WalterBright wrote: post #121

chgs wrote: post #107

Earlier quoted context omitted.

it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God

There are many interpretations of that line, and without the context it is in it is difficult to see which one is correct. Here's one: "Jesus' statement highlights the principle that salvation is a gift from God, not earned through good deeds or accumulated wealth. It emphasizes the need for humility and faith, rather than relying on material possessions or social standing."