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> That means that in order to utilize that “wealth” it needs to be liquidated and no longer accreting value This is objectively wrong. The great majority of ow
by samatman 3y ago
> That means that in order to utilize that “wealth” it needs to be liquidated and no longer accreting value
This is objectively wrong. The great majority of owned wealth is capital, and capital is operated. Most of Buffett's net worth is in businesses which he owns: those businesses operate at a profit, creative value for the world at large, some of which accrues to Mr. Buffett. Which he promptly reinvests in more (hopefully) productive businesses.
- AndrewKemendo 3y agoNo it simply means he artificially controls the liquidity and thus velocity of the company value Please cite your argument that the world is better because the workers of the companies are not controlling the value they create Is your argument thusly: “because buffet can maintain control, he should because so far he has benefited his shareholders”
- samatman 3y ago> your argument that the world is better because the workers of the companies are not controlling the value they create I made no such argument. What I said is that this: > That means that in order to utilize that “wealth” it needs to be liquidated and no longer accreting value Is objectively wrong. Most wealth is actively utilized as investment in productive businesses. Perhaps this is easier to see with the example of Jeff Bezos: most of his wealth is ownership of Amazon, which is a productive and profitable business. It doesn't need to be "liquidated" to be utilized, it's being utilized at rest. This is true for Warren Buffett as well, but I already went over that.