Re: Buffett is a jerk

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Re: Buffett is a jerk Daniel T. 05-27-2008  Re: Buffett is a jerk Mark Freeland 05-28-2008  Re: Buffett is a jerk Daniel T. 05-28-2008  Re: Buffett is a jerk kastnna 05-28-2008  Re: Buffett is a jerk Turtle 05-29-2008  Re: Buffett on indexing (was Re: Buffett is a jerk... sandybeth 05-31-2008
Posted by Daniel T. on May 27, 2008, 8:19 pm > > Buffett is doing his part to talk the economy down. In Germany > > he's saying the American economy is going deeper and longer in > > recession. > > > > This all works out for him to get prices down but he does it at > > the cost of the rest of us. > > The truth hurts. Buffett can never run for office because he tells > the truth. Nonsense, he says what is in his best interest, like any good capitalist would. If it happens also to be the truth... Well that's just a happy coincidence. Frankly, dire predictions of the future cannot be called either true or false in my opinion. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Mark Freeland on May 28, 2008, 10:05 am > Nonsense, he says what is in his best interest, like any good capitalist > would. If it happens also to be the truth... Well that's just a happy > coincidence. How do you know that it isn't the other way around? He speaks the truth (or at least his perception of it) and invests accordingly, just as any good capitalist would. That would make the coinciding of statement and truth nothing more than the result of good observation skills (which one expects of a good investor). Hence the saying: put your money where your mouth is. Mark Freeland nNeEwTs@nyc.rr.com -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Daniel T. on May 28, 2008, 7:30 pm > > > Nonsense, he says what is in his best interest, like any good capitalist > > would. If it happens also to be the truth... Well that's just a happy > > coincidence. > > How do you know that it isn't the other way around? He speaks the truth (or > at least his perception of it) and invests accordingly, just as any good > capitalist would. Because he is one of those few who are in a position to *make* the future with his words. That is the point the OP was trying to make. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by kastnna on May 28, 2008, 7:30 pm > How do you know that it isn't the other way around?  He speaks the truth (or > at least his perception of it) and invests accordingly, just as any good > capitalist would.  That would make the coinciding of statement and truth > nothing more than the result of good observation skills (which one expects > of a good investor). > > Hence the saying: put your money where your mouth is. I think Daniel was referring to John Stuart Mill’s concept of "homo economicus" and/or Adam Smith's "invisible hand" metaphor from Wealth of Nations. In essence, a rational capitalist will act in his own best interest and by doing so will inadvertently act in the best interest of society as a whole. The simplest example is that a seller ordinarily tries to get the highest price for his good or service and a buyer tries to pay the lowest. The end result is a market equilibrium price. Real life tends to be much more complex, however. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Turtle on May 29, 2008, 8:25 am Hello everybody, and what do you all thinks of his ideals toward diversification? http://delwalmsley.org/slog080519.aspx CU John ======================================= MODERATOR'S COMMENT: Thank you for trying to steer the discussion back to financial planning. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Similar Threads Posted Warren Buffett recommends buying U.S. stocks October 17, 2008, 9:50 am