181–190 of 612 posts
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With $150 billion dollars he could have done a lot more than "argue for" changing taxation. If he had spent that money actively fighting for a better system, maybe that'd be worth something. To sit back on your billions and say "aw shucks, this really shouldn't be possible" is not much of an effort. Edit: Some people seem to be misunderstanding me. I'm saying if he thought taxation was unequal or thought wealth inequ…
He tasked that to his kids: He turned 95 years old on August 30. He was 75 when he began giving away his fortune, announcing plans in June 2006 to give away the bulk of his wealth to five foundations, primarily the Bill and Melinda Gates Foundation. He changed his will in 2024, designating 99.5% of his remaining fortune after his death to a charitable trust overseen by his three children and also announcing in June 2…
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.
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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.
He owns a lot of companies and keeps his distance from their reputations. Companies make money and stay on top by doing awful things. Think about coca cola and plastic pollution. Buffett has to own that when he has a controlling stake.
Does Coca Cola make plastic bottles? I thought their whole deal is they sell syrup to local bottlers.
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Poor people should properly budget and cook at home to avoid staying poor If you can afford to eat McDonald's nobody cares (well it's not healthy either but that's a different matter that doesn't really have to do with being poor or not)
"Poor people should" You should demand more of people with power before you criticize those with none
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!
There's no Buffett's strategy. Market buys whatever Buffett's company bought. That's how he got unusual gains. Moment of fame stretched over 60 year of clipping coupons off of that initial fame. The thing that made it possible was that he was content with his performance and never tried to one up himself. He kept his fame and market interest in him simmering over six decades inatead burning out in one bright flash.
There is and it’s found in float, leverage and low-volatility assets [1].
If you look at what he does, that becomes clear. If you only pay attention to how people talk about him on the internet, you’ll be misled into seeing trend following.
[1] https://www.nber.org/system/files/working_papers/w19681/w196...
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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.
He owns a lot of companies and keeps his distance from their reputations. Companies make money and stay on top by doing awful things. Think about coca cola and plastic pollution. Buffett has to own that when he has a controlling stake.
I dislike plastic pollution as much as you do, but your elected representatives have more responsibility here than Buffett.