Kunst

Comment Stream » BRK.A

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
AA AAPL AAUK AAWW AAXJ ABB ABI ABK ABX ACAS ACF ACH ACI ACTS ACWI ADC ADE ADM ADRE AEM AFK AGG AGQ AHBIF.PK AIG AIZ AKS ALO AMCN AMGN AMR AMSC AMZN AN ANF ANN ANR AOC APA APD APOL APWR ASH ATV AUY AVNX AXP AZC AZO BA BAC BAESY.PK BAP BBA BBH BBW BCE BCS BDH BDK BEC BEE BG BGP BGR BGU BHH BHP BIDU BIK BIL BK BKF BLK BMO BND BNZ BP BPL BRCD BRK.A BRK.B BRL BSV BTE BTU BVN BX BZF BZH C CAF CAG CAL CAM CBG CEE CEF CEG CELG... 
[+ show more]
  • Squanderville vs. Thriftville: Buffett Simplifies Trade Imbalance Problems
    It's surprising that foreign dollar holders haven't used them to systematically buy up assets, such as property and companies, in the US. Instead they park them in US treasury bonds, gaining less in interest than they lose in depreciation.

    They had better hurry. Squanderville could have "solved" its problem by just creating a whole bunch of Squanderbucks, say 100 times as many as they owed to Thriftville. Then the Thrifts couldn't have bought up all the Squanders' land, reducing them to economic slavery. Of course, Thriftville would no longer accept Squanderbonds for food, but in the mean time, the Squanders have come out way ahead, getting the Thrifts to work for them, producing their food, essentially for free. Yeah, the game is over at that point, but I guess it was fun while it lasted, and they never have to pay back all that debt, at least not at its real value.

    The US dollar is going to be devalued substantially by creation of new money (dollars) which will avoid the need to borrow what all these bailouts require. We could add insult to injury by redeeming the existing debt for new dollars too. The bottom line is that existing debt loses a substantial part of its value, and we don't get to borrow any more. Then, like the Squanders, we have to work for our consumption. Needless to say, our standard of living will suffer greatly.
    Nov 26 22:01 pm |Rating: 0 0 |Link to Comment |View article
  • What You Can - And Can't - Learn from Warren Buffett
    Why the hell are Warren Buffet and Bill Gates extending the bulk of their charitable largesse overseas instead of here in the good ole USA where they made their fortunes. There is plenty of need here but unfortunately, not as much publicity as in "saving the savages" around the world.

    -- Who says the savages are overseas? I think you just proved the opposite. BTW, do you think only Americans buy Microsoft products?
    Jul 27 01:47 am |Rating: 0 0 |Link to Comment |View article
  • What You Can - And Can't - Learn from Warren Buffett
    "...there is an irony if not an artificiality or phoniness about urging the continuity of high estate taxes and concomitantly avoiding the situation through setting up trusts and foundations."

    Buffett has it right. It is unhealthy for society as well as the families involved for great wealth to pass down from one generation to the next. Money being power, this creates a form of aristocracy that is completely contrary to American ideals.

    I have no problem with Sam Walton, Warren Buffett, Bill Gates, or anyone else legally acquiring as much wealth as possible. I have a huge problem with the next generation inheriting billions of dollars they did nothing to earn. Every person ought to start on an equal footing. There are enough advantages to having wealthy parents just in terms of education and opportunity.

    Buffett and Gates have done the right thing, as Carnegie and others have done in the past. Instead of producing several generations of idle rich, they point that money toward making the world a better place as they see it.

    Inherited wealth is corrosive, to those who receive it and to society as a whole.
    Jul 26 15:17 pm |Rating: 0 0 |Link to Comment |View article
  • Buffett on the Dollar: 'Our Present Over-Consumption is Unsustainable'
    You want a large ranch, build it yourself. You are not your uncle.
    Dec 15 15:33 pm |Rating: 0 0 |Link to Comment |View article

Kunst is a Top 100 Commentor

  • 774 Comments, 92 , 38
  • Total Comment Stream rating - = 54