Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Squanderville versus Thriftville (Warren Buffet)
fortune ^ | oct 2003 | Warren Buffet

Posted on 01/07/2004 8:35:03 PM PST by dennisw

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-36 last
To: dennisw

btttttttttttttttttt


21 posted on 05/21/2004 9:29:54 PM PDT by dennisw (Koran teaches: "Cut off their heads, and cut off the tips of their fingers." (Sura 8:12))
[ Post Reply | Private Reply | To 20 | View Replies]

To: dennisw

What bothers me are the number of freepers who whistle past the graveyard. You may not like Buffet's politics, or Soros's either, but I think they both have somewhat a better trackrecord of figuring out which way things are going than the average person around here does.


22 posted on 05/21/2004 9:46:51 PM PDT by AndyJackson
[ Post Reply | Private Reply | To 21 | View Replies]

To: AndyJackson

It's a great and truthful essay. Too bad more have not read it.


23 posted on 05/22/2004 3:52:25 AM PDT by dennisw (Koran teaches: "Cut off their heads, and cut off the tips of their fingers." (Sura 8:12))
[ Post Reply | Private Reply | To 22 | View Replies]

To: neutrino

Hew neut! Give me an eye of a neut (newt) for the recipe.


Fillet of a fenny snake,
In the cauldron boil and bake;
Eye of newt and toe of frog,
Wool of bat, and tongue of dog,
Adder's fork and blind-worm's sting,
Lizard's leg and howlet's wing,
For a charm of powerful trouble,
Like a hell-broth boil and bubble.

William Shakespeare
(1564 - 1616), Macbeth


24 posted on 05/22/2004 3:57:22 AM PDT by dennisw (Koran teaches: "Cut off their heads, and cut off the tips of their fingers." (Sura 8:12))
[ Post Reply | Private Reply | To 15 | View Replies]

To: dennisw

btt


25 posted on 12/27/2004 5:13:29 PM PST by dennisw (G_D: Against Amelek for all generations.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: dennisw

bttt


26 posted on 03/07/2005 7:09:06 PM PST by dennisw (Seeing as how this is a .44 magnum, the most powerful handgun in the world .........)
[ Post Reply | Private Reply | To 25 | View Replies]

To: dennisw
There is a fine rebuttal to Buffet's article appearing in the Capital Flow Watch web log, under the title "Warren Buffet Fears Foreign Ownership". This web log also has several other articles debunking panic attacks about the "trade deficit".
27 posted on 03/11/2005 6:22:53 AM PST by loyal_follower (Buffet Debunker)
[ Post Reply | Private Reply | To 1 | View Replies]

To: loyal_follower
I'm not smart enough to agree or disagree with Buffet, but lets look at what's happened to the dollar vs the Yen and Euro since he wrote this article (Oct. 2003).


28 posted on 03/11/2005 7:01:06 AM PST by Your Nightmare
[ Post Reply | Private Reply | To 27 | View Replies]

To: Your Nightmare
Certainly the dollar has declined against the Euro, but most of America's foreign trade is with Latin America and the rest of Asia in which the foreign exchange picture is quite different. Euroland, as a whole, has a trade surplus with the rest of the world. This means that there is a shortage of euros relative to dollars in the hands of foreigners. By elementary supply and demand, the euro must appreciate relative to the dollar. But, so what? If the cost of European vacations and French wine increases for Americans, that hurts Europeans more than Americans. Americans can buy Chilean or Australian wine and vacation in Hong Kong or Singapore. The "fallacy" in Buffet's article is not that the dollar is not declining against the Euro, but his blaming this on America's "spendthrift" habits. The trade deficit, as the Capital Flow Watch article points out, is the result of foreigners willingness to accept dollars as payment for goods and services, not the result of American's savings habits. The criticism aimed at Mr. Buffet is not that he is not a smart investor, which he obviously is, but rather that he is using a phony argument to justify massive government intervention in commerce.
29 posted on 03/11/2005 7:38:50 AM PST by loyal_follower (Buffet Debunker)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Your Nightmare

It’s Oct 2007. Got a chart update?


30 posted on 10/04/2007 3:23:54 PM PDT by dennisw (France needs a new kind of immigrant one who is "selected, not endured" - Nicholas Sarkozy)
[ Post Reply | Private Reply | To 28 | View Replies]

To: dennisw

Will common sense win out in the end, or can we actually build a upsidedown pyramid to the stars?


31 posted on 10/20/2007 5:31:57 PM PDT by winodog ( Coming Attractions: They cant legislate morality but can legislate hate)
[ Post Reply | Private Reply | To 30 | View Replies]

To: winodog

You cannot borrow your way to prosperity


32 posted on 10/20/2007 11:44:40 PM PDT by dennisw (France needs a new kind of immigrant one who is "selected, not endured" - Nicholas Sarkozy)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Travis McGee

An article I missed at the time. Interesting to see how Buffet’s prediction for the dollar turned out.


33 posted on 04/14/2008 7:30:31 PM PDT by Pelham (Press 1 for English)
[ Post Reply | Private Reply | To 1 | View Replies]

To: loyal_follower

Foreigners’ willingness to accept dollars as payment for goods and services has indeed been remarkable. And the vast inflow of foreign savings has helped drive U.S. savings down. But the costs for the US are also remarkably high. In my recent book, my coauthors and I explore the costs of the trade deficit, and possible solutions, including the Import Credits idea. The publisher’s website www.idealtaxes.com has two or three sample chapters available for viewing. Just because foreigners (and foreign governments in particular) have seen it to be in their interests to manipulate the terms of trade doesn’t mean that this is a good thing for the U.S. economy.


34 posted on 05/23/2008 10:06:48 AM PDT by JesseRichman
[ Post Reply | Private Reply | To 29 | View Replies]

To: Pelham

A prescient blast from the past


35 posted on 06/24/2009 4:58:51 PM PDT by dennisw ("stealth tribal warfare" is what the Sotomayor nomination is about)
[ Post Reply | Private Reply | To 33 | View Replies]

To: dennisw

Indeed. Even if some on our side dismiss him because they can only see his politics.


36 posted on 06/24/2009 9:40:35 PM PDT by Pelham (California, formerly part of the USA)
[ Post Reply | Private Reply | To 35 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-36 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson