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Warren Buffett's final shareholder letter [pdf]

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Re: Warren Buffett's final shareholder letter [pdf]

#211
post #208

Earlier quoted context omitted.

> Examples include Elon Musk and Peter Thiel, so-called libertarians with entire business that consist of "use your friends in government to get juicy government contracts and grow rich off that sweet, sweet taxpayer money" (SpaceX, Palantir) Not true regarding SpaceX, they were just cheaper and better than the competitors. They had to sue the government to even be able to compete against Boeing/Lockheed for military…

what about gvt loans that tesla got in 2008/9 for clean energy ? close to half a billion. EV subsidies ? Elon Musk is a tenderprenuer, as we call them in africa.

Yeah, I know about that, but I was specifically talking about SpaceX winning contracts by simply being a better option than other competitors, not because of any "friends in the government". Musk wasn't even a billionaire yet, and I doubt he had government friends at the time who did him any personal favors. And in the end the government got what it wanted, Tesla did make a lot of electric cars and repaid the loan much earlier than required. While the current government that Musk helped get elected ended all subsidies for electric cars.

Re: Warren Buffett's final shareholder letter [pdf]

#212
post #208

Earlier quoted context omitted.

what about gvt loans that tesla got in 2008/9 for clean energy ? close to half a billion. EV subsidies ? Elon Musk is a tenderprenuer, as we call them in africa.

Yeah, I know about that, but I was specifically talking about SpaceX winning contracts by simply being a better option than other competitors, not because of any "friends in the government". Musk wasn't even a billionaire yet, and I doubt he had government friends at the time who did him any personal favors. And in the end the government got what it wanted, Tesla did make a lot of electric cars and repaid the loan mu…

yeah true, we shouldn't negate how superior spaceX was compared to competitors.

however what made him a billionaire was gvt contracts. I guess all i'm tryna say if you wanna be a fat cat (rich) gvt contracts is a lucrative way to do it.

Re: Warren Buffett's final shareholder letter [pdf]

#213
post #151

Earlier quoted context omitted.

Not surprised, but the best solution is not to let billionaires control, tax free, major parts of society instead. The best solution is building a more functional democracy which is in charge of redistribution.

Right, and who gets to decide that? People make it seem like the politicians are somehow more ethical than the billionaires.

Politicians are more ethical than billionaires. They’re even more ethical when billionaires can’t buy them by spending an exorbitant amount “supporting” a candidate.

Re: Warren Buffett's final shareholder letter [pdf]

#214
post #212

Earlier quoted context omitted.

Yeah, I know about that, but I was specifically talking about SpaceX winning contracts by simply being a better option than other competitors, not because of any "friends in the government". Musk wasn't even a billionaire yet, and I doubt he had government friends at the time who did him any personal favors. And in the end the government got what it wanted, Tesla did make a lot of electric cars and repaid the loan mu…

yeah true, we shouldn't negate how superior spaceX was compared to competitors. however what made him a billionaire was gvt contracts. I guess all i'm tryna say if you wanna be a fat cat (rich) gvt contracts is a lucrative way to do it.

Not like it's free money.

Re: Warren Buffett's final shareholder letter [pdf]

#215
post #198

Earlier quoted context omitted.

Just look at how he chopped up GEICO (his favorite company). The company imploded under Buffets hand picked snake of a CEO (Todd Combs).

Seems to be making decent profits though https://www.spglobal.com/market-intelligence/en/news-insight...

Only after they gutted half of their employees. It probably won't be long lasting.

Re: Warren Buffett's final shareholder letter [pdf]

#216

Earlier quoted context omitted.

The BNSF people I’ve talked to have all told me about how much they’ve loved their jobs and what their jobs allowed them to do, including adopting children from Ukraine and get them out of a war zone. Maybe you should talk to more people. The people to blame for the predicament of the US auto industry are the.. US auto industry. Perhaps turning every vehicle into a luxury car and getting rid of affordable vehicles is…

> BYD is a fantastic investment, they are not undermining us My point is that Buffet spent his fortune earned in America, on undermining America and its allies. He has effectively given a strategic boost to the CCP and its past and future abuses. > including adopting children from Ukraine and get them out of a war zone. Maybe you should talk to more people. Is this AI?

> Is this AI?

Is this the new ad hominem?

Is your reply AI?

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