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Whenever I want to give an example about American capitalism...I always look to Buffett and Munger as examples. These are people who invested and created long-t
by boeingUH60 3y ago
Whenever I want to give an example about American capitalism...I always look to Buffett and Munger as examples. These are people who invested and created long-term value for shareholders, building up economies along the way.
The antithesis of crypto bros selling tulip bubbles and some tech companies selling overpriced stocks based on hype. We need more Mungers in the world as the current gen die of old age.
- bakul 3y agoMore Mungers, fewer punters?
- pryelluw 3y agoI guess you haven’t read much on their history with blue chip stamps : https://en.m.wikipedia.org/wiki/Blue_Chip_Stamps https://en.m.wikipedia.org/wiki/Blue_Chip_Stamps Not directly comparable to crypto but an alternate method of investment.
- DontchaKnowit 3y agoWhat? This sounds like it waz a company that ran a loyalty program for retailers. How is that anything like a tulip mania? Sounds like jist a normal, legit business
- paulpauper 3y agoThey invested in opportunities that provided value for them, but this not the same as value investing. They got special deals on stocks unavailable to ordinary investors, like in 2008.
- missedthecue 3y agoHe was already very rich before he made that deal with Goldman. It didn't put him on the map, in fact it only happened because he was already there.
- Slackwise 3y ago> These are people who invested and created long-term value for shareholders https://pbs.twimg.com/media/B5-lDJWCUAAwfya?format=jpg https://pbs.twimg.com/media/B5-lDJWCUAAwfya?format=jpg