391–400 of 435 posts
For all I've heard about WB the last few decades, I couldn't tell you a single thing he's done that's impacted my life, the country, or the world. AFAIK he's a guy who makes a ton of money, plays bridge with Bill Gates, gives advice, and has a fund that made money for other people. Am I missing something?
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You say comparison is the theft of joy, and then ask us to compare to an irrelevant metric. If living standards are falling, grocery prices have increased, rents have gone up, wages have stagnated, what does the price of eggs in China have to do with my assessment of the local conditions.
Over what period of time have prices at grocery stores and rents not increased? Food and clothes are cheap by historical standards as a percentage of income. https://ers.usda.gov/sites/default/files/_laserfiche/Charts/...
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Over what period of time have prices at grocery stores and rents not increased? Food and clothes are cheap by historical standards as a percentage of income. https://ers.usda.gov/sites/default/files/_laserfiche/Charts/...
What does the last two years of that graph indicate?
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Forgive me, but as a non religious person the bible is no authority for or of me so if that's the best you have I find we're at an impasse.
It’s a statement that was made by learned people 1500 years ago. Just because say A Christmas Carol or Star Trek or The Bible are works of fiction, it doesn’t mean they don’t have some wise observations, especially when taken in a cultural context.
Again if you have something stronger that's cool. I don't run my life on star trek or a christmas carol either.
Edit: FWIW I’m not against frameworks, I just think ones built on reason, empirical evidence, and moral intuition tested against reality beat ones that rely on ancient metaphor and selective reinterpretation. If the goal is clarity, integrity and useful signposts for modern times, that’s a better starting point.
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Everyone lives under a rock, just different rocks. I'm sure there is plenty you don't know too.
Yeah but most people don't go around making out that anything they don't know is some esoteric thing that should be laid out in detail for them personally.
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Consider, for a moment, the state that China was in at the conclusion of WW2. It hadn't even industrialized yet. The British and the Japanese absolutely trashed China for over a hundred years! Russia was also not industrialized until after their revolution in ~1920, and suffered horrific losses in the homeland during WW2. The US emerged from WW2 fully industrialized and nearly unscathed. The US mainland remained unto…
China didn't industrialize until after 1978, when they gave up on communism and began a transition to capitalism. Over 30 years after WW2 concluded. Russia did not industrialize in the 1920s. They did collectivize agriculture, famine ensued. They turned back to free market farming, famine went away. They turned again to collectivization, and farming collapsed again. Eventually, the Soviets allowed farmers to farm sma…
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> Any country can become highly successful by enacting free markets. And the existence proof for that assertion is which country, exactly? Lots of nations lack regulation of some form or another, many of them are "freer" than the US. The US isn't entirely "free" of trade barriers either (c.f. tariffpocalype). Basically this sounds like a no-true-scotsman in the making. No, it's not that simple.
The US is not a perfect free market. But it is closer than other countries. Socialism, on the other hand, makes things worse the closer one gets to "true" socialism.
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Over what period of time have prices at grocery stores and rents not increased? Food and clothes are cheap by historical standards as a percentage of income. https://ers.usda.gov/sites/default/files/_laserfiche/Charts/...
What does the last two years of that graph indicate?
How much of Berkshire actually relied on Buffet toward this announcement? I'm increasingly suspect of 90+ or 80+ adults operating the machinery of massive entities. Lots of examples of this.
A young investor who thinks the whole portfolio should be in shitcoins because they are going to moon next week won't get a look in and the culture holds.
Take away the figure head and things can creep in a bad direction.
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Also buffet on tariffs (2003) https://www.berkshirehathaway.com/letters/growing.pdf Though he makes the distinction between "import certificates" and Trump's version of tariffs.
Contra: > A common response I’ve seen to this is Warren Buffett repeatedly expressing concern about the trade deficit. Buffett’s main concern has always been that we’re sending pieces of paper abroad that give foreigners claims on US assets. And this is true, but I’d argue it’s been a massive net positive on the whole. First, as a percentage of total ownership, foreign ownership of US securities is actually flat sinc…
Totally incorrect according to this graph: https://taxpolicycenter.org/sites/default/files/figure1_25.p...
From article: https://taxpolicycenter.org/taxvox/who-owns-us-stock-foreign...
Can you cite a source for what you've written?
