Posted on 03/08/2014 7:25:18 AM PST by Kaslin
There, fixed it.
As a person I find Buffett at times hypocritical. He is just another limousine liberal Democrat. He also benefits from many “special deals” that are not available to the rest of the investing public. He is less than candid about that.
As an investor, however, he is very savvy and is generous with his sage advice. Unlike his personal political views, he has no reservations about admitting when his investment picks do not pan out.
For anyone who would like more insights into his investing philosophy and methodology, check out the book Buffett - Beyond Value (by Prem C. Jain). Good read that is well worth the time and money.
Right. And Uncle Warren lives in a little house in Omaha.
The Dems have a very effective plan.
Crony capitalists to provide the money.
Entitlement army to provide the votes.
Meanwhile said crony capitalists shelter their income in tax exempt charitable foundations with which to drop a dime on activist groups to go to court with complicit federal agencies to get the regulations to put their competitors out of business.
Actually most of their income is either capital gains or “carried interest” so they can legally pay quite minimal taxes.
unrealized capital gains.
combined federal, state, and local tax rate of 0%.
I'm not speaking off the top of my head. The vast bulk of activist donations, to environmental groups for example, are from tax exempt foundations. I suggest you spend a little time at ActivistCash.com.
When the .1 percent are Democrat donors, they receive immunity from MSM criticism.
Amazing isn’t it?
People often can make a short term profit by listening to Satan too.
I’m sure that’s true, but those amounts are pocket money to these guys.
What schlock!
What Buffett's empire has learned over the years is that if you own a town, all its businesses and you hire all its employees and all the employees shop at stores you own in the town, then you control the game.
But Buffett's generals and lieutenants have finessed their game play over the years. They have realized one doesn't need to own everything, just have enough shares to control it. For example, the Buffett empire owns only 26% of Moody's Investment Services yet 26% is all that is needed to control it. If another player tries to buy a controlling stake, Buffett's people will bring overwhelming cash to the table and raise the ante on the upstart trying a hostile takeover.
Meanwhile Buffett's hedge funds buy short term call options before driving the stock price through the roof and just before capitulation of their opponent they buy put options to profit on the stock resettling to its former price before the hostile takeover attempt.
So there it is, Buffett's people control the game with cash, hedge funds, political smackdowns/favors and NY media support. All of these tools are available to his empire because they are the controllers. Incidentally this is why he is a democrat or why the people that are his tools are democrats. Because republican belief in free markets and competition are child-like fantasies to the likes of Buffett. He does not believe in competition. He believes in control; absolute control.
Ask yourself if there is one 'unique' thing in life that Buffett or his people have created that you could not do without. Notice I write "have created". There is nothing that Buffett has brought to life that he and his people "have created" that is unique and indispensable. If Buffett had never existed or had never risen up to being just another hired hand, life in America would not have noticed.
So should we invest our time reading his folksy letters? Only if you have time to waste.
But they still shelter it as suggested.
True, they are paying at most 15%.
Let’s just say 30 years ago you had a choice: either participate in Social Security or give up your right to social security but you had to invest the same funds in Berkshire Hathaway.
That is privatization and I’d take it.
A (bogus) choice between Berkshire Hathaway and a government program is fascism, and you'd take it.
‘Price is what you pay; value is what you get.
Only if the voters could understand that the country would be in far better shape.
Buffet hardly preaches for us to chase short-term profits, but he will take advantage of those who do.
Both Satan and Buffet play the long game, but fortunately for us, God plays the longest game of all. :)
No, it's not.
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