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Warren Buffet says that he needs America more than America needs him and credits American dynamism for his success.
by 2OEH8eoCRo0 3y ago
Warren Buffet says that he needs America more than America needs him and credits American dynamism for his success.
- rogerkirkness 3y agoMakes sense because he runs an index fund of late stage American brands
- 2OEH8eoCRo0 3y agoWhich index fund is that?
- yieldcrv 3y agoBerkshire Hathaway
- 2OEH8eoCRo0 3y agoThat's not an index fund, that's a company.
- yieldcrv 3y agoWe know
- tiahura 3y agoWhich index fund is that? Stratton Oakmont
- bell-cot 3y agoSounds plausible. OTOH, both Buffet's public persona and his actual personality seem to be far kinder & gentler than is normal for modern American business elites. And he certainly understands both polite fibs and "speak no ill...". [Edit: Read "plausible" as "plausible for Buffet to have said". I'm quite aware that Buffet's sainthood is strictly relative.]
- yieldcrv 3y agoThat’s bull Him and his colleague Charles Munger fawn over China exactly as the grandparent post said They are multinational panderers they know what to say for the people of the respective countries and every business leader learned from that too I think there is merit to that though, the last thing I ask when I get an audience with the leaders of a country is whether parliament has been taken over by ideological extremists. It actually doesn't cross my mind at all
- dublinben 3y agoBuffet has actually been divesting from China lately. https://seekingalpha.com/article/4559370-berkshire-hathaway-follow-buffett-and-divest-from-china https://seekingalpha.com/article/4559370-berkshire-hathaway-... https://www.cnn.com/2023/05/16/investing/berkshire-hathaway-taiwan-tsmc-stock-exit-hnk-intl/index.html https://www.cnn.com/2023/05/16/investing/berkshire-hathaway-...
- yieldcrv 3y agoThat’s rational All the fawning in the world cant help make it a great regulator and market environment or solve geopolitics I don't think that changes my point
- sdfghswe 3y ago> Him and his colleague Charles Munger fawn over China exactly as the grandparent post said I've noticed the same thing. At least since the BYD investment they do. And it's not just not criticizing, some times they actually praise him. For example, I remember an interview where Charlie Munger was asked what he thought about bitcoin (he hates it) and he went out of his way to say that Xi Jinping was much smarter than American leadership in banning it. Now I agree it should be banned, but could he not have made such point without bringing Xi Jinping into it? It was really weird.
- bell-cot 3y ago> It was really weird. Assume that the Xi's briefings about (and impressions of) Munger are heavy on content like this: - Praised Xi on topic T1 at date D1 - Praised Xi on topic T2 at date D2 - Criticized Xi on topic T3 at date D3 - Praised Xi ... And Munger wants both (1) to be relatively well thought-of by Xi and (2) to be able to criticize Xi.
- PatentlyDC123 3y agoDo people believe Warren Buffett? I don't necessarily mean this statement, but every press article or video appears to be deliberately tailored by him and his team on what to say and how the message will get out. For example, he seems to only work with a few select interviewers, often gives the interview surrounded by products of the brands he invests in, and usually only gives statements to the hungry press when pushing a new deal. Other corporate "celebrities" seems to receive slightly more push back when trying to control the narrative around them. I don't necessarily disagree with him most times, but everything about how his message gets out throws up a red flag for me.
- 2OEH8eoCRo0 3y agoI have no evidence that he is lying nor can I recall any scandals or ethics concerns.
- rsynnott 3y agoWarren Buffet is a Weird Billionaire, tho; he’s not typical.
- Leary 3y agoWarren Buffet is also a big fan of China