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In the Buffet example, OP left out that once you cross a certain threshold of wealth, it is almost impossible to NOT make more. There are hedge funds, exchanges
by sbf501 4y ago
In the Buffet example, OP left out that once you cross a certain threshold of wealth, it is almost impossible to NOT make more. There are hedge funds, exchanges, shell corporations, ways of diffusing assets across businesses, and other strategies that only people with hundreds of millions can access. Not to mention many laws basically stop applying to you once you achieve a certain level of wealth because the vehicles are so complex it is hard to prosecute.
- betwixthewires 4y agoIts irrelevant in the example, because the Buffet-like person is only using one strategy in the example, available to everyone.
- deleted 4y ago[deleted]
- sbf501 4y agoIt isn't irrelevant because Buffet didn't use that strategy.
- betwixthewires 4y agoWhich is why I said "buffet-like person." We are talking about different things. I'm talking about the article in the OP at the top of this thread, you're talking about what you wish we were talking about.
- sbf501 4y ago> Which is why I said "buffet-like person." You edited your post to say "buffet-like person". At least have some integrity.
- betwixthewires 4y agoI did not. It's impossible to do so after an hour or something. But even if I would have, I'm going by the example being discussed here in the OP, not IRL buffet, you're still trying to steer the discussion toward your preferred topic instead of discussing what we are actually discussing. Anyway, throwing insults at each other like children is not what this site is about, let's have substantiative discussions like adults and keep this site fun and interesting and not turn it into reddit.