111–120 of 612 posts
I will never undertand this people that live all their life working, when they clearly have the chance to retire much sooner. I will retire right away if I had 10 millions. Maybe 50 millions if I was younger than 40.
It was that quest for more that made them even get to that 10 or 50 million you talk about.
If they didn't have that personality for more, they likely would have stopped way sooner.
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Sorry, a person who life is built around greed is no hero.
A man who built what he loves and produced so much surplus value for the rest of us to enjoy (read: profit) is _exactly_ a hero. I’m sure I could find ways critique him, but not in the context of celebrating his career.
I wonder how this will affect BRK-B, given that so many investors (or at least the "retail " ones) buy its shares with the assumption that they provide exposure to Buffett's strategy. In any case, I hope Warren can experience not working at all in the few years he likely has left after being alive for over 1/3 of his country's existence!
BRK is now (since the last 10-20 years) large and diversified enough that it more or less tracks the S&P 500 and the overall stock market. There isn't some genius trading strategy in there. Buffett himself tells everyone who will listen to buy and hold a diversified index fund for a long period of time.
Sort of like holding boring dividend stocks without the dividend.
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Actualy, he didn't. He's probably the one billionaire alive today for which you could not make that case. I know of one other (but he's dead).
It's fascinating how even smart people like you become so utterly naive when it comes to politics. This guy partly owns some of the most evil companies humanity has ever created ffs. Zero ethics, 100% capitalist greed.
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Sorry, a person who life is built around greed is no hero.
He made his billions by figuring out who were worthy people to give money to. He's not exactly curing cancer but i could think of a lot more underhanded ways to make billions. I think he is above average ethically relative to his billionaire peers.
Greeks had their Mythology with heroes and pseudo-Gods, we have oligarchs and pseudo-philantrops
Driving 7 minutes to work and stopping at a drive-thru to pick up McDonalds breakfast every day. The man is a true American hero.
Sorry, a person who life is built around greed is no hero.
I don't know to what extent Buffet does it. Nor does our current quasi-fascist society where the government is highly embedded with industry and regulating who is the winner and who is the loser and then taxing/inflating the working class to make sure they stay afloat.
But in the idealistic version of America, it is supposed to be a place where becoming a billionaire means you are not just producing billions of profit for yourself, but billions of value for others. That every deal, both sides are better off. This is what we aspire to, the whole ideal towards voluntary trade and capitalism as a method a tide that rises almost all boats and at the very least doesn't involve sinking another boat lower.
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His whole "I love fast food and coca cola" thing is a fake persona
As a red blooded capitalist who loves this country as much as the next patriot, I can assure you admiration for fast food and coke is 100% real.
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Au contraire, larger-than-life people may desire to pass off as normal & common.
Or that's just what he feels. He also sleeps in a fairly normal home. Wouldn't he have a secret mega mansion if he was just putting on a show?