patrick.net

Vote: Is Buffet a communist ?

Yes

No

Oh, I see it only works in initial thread post. That makes sense. So I added it above.

Nobody on this site really knows what Communism is though.

I know. But it isn't really my point anyway. He is such a good and successful capitalist that what he says in that interview must cause some cognitive dissonance for some people.

marcus says

Vote: Is Buffet a communist ?

NO he's an after the fact obnoxious wind bag.
He's like a murderer on death row that found Jesus after the fact.
The sincerity is questionable, NO?

CaptainShuddup says

The sincerity is questionable

I don't think so. He has a gift for stock picking and has been successful at it. What we know from that is just that he's a smart guy.

That's not inconsistent with his comments above or his comments about class warfare:

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

Maybe not a full blown communist. Socialist maybe.

marcus says

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

Oh Yeah? Well trying taking all of his money away from him, and see what he has to say about that.

The Rich guys that side with Obama get a different rule book than everyone else. Ask McDonald's corp.

CaptainShuddup says

Oh Yeah? Well trying taking all of his money away from him, and see what he has to say about that.

If you took away his money then he wouldn't want the government to take away money from rich people? That's a weird argument.

CaptainShuddup says

NO he's an after the fact obnoxious wind bag.

He's like a murderer on death row that found Jesus after the fact.

The sincerity is questionable, NO?

Spoken by a true bigoted hateful racist wind bag! Jeez. What is wrong with you?

pdh says

CaptainShuddup says

Oh Yeah? Well trying taking all of his money away from him, and see what he has to say about that.

are you stupid? I thought you are a programmer, stupid idiot!

marcus says

Is Warren Buffet a communist ?

A real math teacher would spell Warren Buffett correctly.

marcus says

I know. But it isn't really my point anyway. He is such a good and successful capitalist that what he says in that interview must cause some cognitive dissonance for some people.

I think the proper term is Rentier Crony Crapitalist

errc says

Rentier Crony Crapitalist

The thing is, he wasn't always that way. His early success may have been luck, but the crony capitalism didn't start until much later, maybe TARP.

curious2 says

errc says

Rentier Crony Crapitalist

The thing is, he wasn't always that way. His early success may have been luck, but the crony capitalism didn't start until much later, maybe TARP.

http://seekingalpha.com/article/376711-evidence-that-warren-buffett-manipulated-the-silver-market-in-late-1990s

Thedaytoday says

Spoken by a true bigoted hateful racist wind bag! Jeez. What is wrong with you?

I may soon have to put you on ignore. But for now I just want to bring to your attention the fact that the conjunction for "you are" is you're.

marcus says

"you are" is you're.

I am told often. I don' care.

It's optional and irrelevant.

Yes, he is a communist and not only that, but a member of nomenklatura. It's a parallel universe!

errc says

http://seekingalpha.com/article/376711-evidence-that-warren-buffett-manipulated-the-silver-market-in-late-1990s

Interesting article, though it doesn't allege crony capitalism. It alleges he got away with manipulating the silver market, but it doesn't say how.

The Hunt brothers tried to corner the silver market in the 1970s. They lost billions, and Nelson Bunker Hunt filed bankruptcy. Asked how it felt to lose so much, he famously replied, "A billion dollars isn't what it used to be."

If Warren Buffett did corner part of the silver market, the question would become how did he succeed where others failed?

marcus says

I may soon have to put you on ignore.

Don't worry Thedaytoday, he "Ignores" dozens of people. The creepy part is when he opens a separate browser to stalk us while pretending to ignore us. It's not you, it's him.

marcus says

Is Warren Buffet a communist ?

WB knew how to make money for his investors, but doesnt know what to do with his own billions... so instead of creating a diversified method of donating his billions he throws it all away into wasteful medical research. Lots of money into a narrow industry.

Bill Gates and Warren Buffet aren't very bright when it comes to spending their own wealth. In some ways very poor capitalists.

In contrast.. Howard Hughes Billions continued to be active in investing in our nations economy various industries and employing millions of people after he died... Airlines/Aerospace, Hotels/Casinos , Medical Research, Entertainment/Film, Oil drilling/refinement, Govt projects and other ventures.

No love for Warren Buffett.

George Soros is the real genius.

thomaswong.1986 says

Warren Buffet....Howard Hughes....

thomaswong, when you get it wrong, you really get it wrong. Warren Buffett (note spelling) is donating most of his money to the Gates Foundation, and some to his own kids' foundations, but most of those donations go towards other things and only a too small fraction goes to medical research.

In contrast, Howard Hughes donated Hughes Aircraft to the Howard Hughes Medical Institute. He died childless and intestate, and his estate passed to cousins.

thomaswong.1986 says

marcus says

Is Warren Buffet a communist ?

WB knew how to make money for his investors, but doesnt know what to do with his own billions... so instead of creating a diversified method of donating his billions he throws it all away into wasteful medical research. Lots of money into a narrow industry.

Bill Gates and Warren Buffet aren't very bright when it comes to spending their own wealth. In some ways very poor capitalists.

In contrast.. Howard Hughes Billions continued to be active in investing in our nations economy various industries and employing millions of people after he died... Airlines/Aerospace, Hotels/Casinos , Medical Research, Entertainment/Film, Oil drilling/refinement, Govt projects and other ventures.

Please enlighten us on the good that you're going to do with your billions.

curious2 says

thomaswong, when you get it wrong, you really get it wrong. Warren Buffett (note spelling) is donating most of his money to the Gates Foundation

like i said warren buffett and bill gates (foundation) are not that brilliant with their own money. That kind of money could fuel many new multiple industries which in turn fuel economic growth for many more.

Of course the libs dont believe in trickle down economics... but they do happen and can be successful...

Kevin says

Please enlighten us on the good that you're going to do with your billions.

Gates wealth are around $66B.. Buffett would be additonal 44B or so.. Give jackass like you new jobs creating new industries... create new companies, build new facilities including mfg, employ workers, provide for on the job training etc etc etc.

Show a man how to fish !

Cool, when do you start investing your billions? Obviously you're an expert on how to spend billions of dollars.

curious2 says

Warren Buffett (note spelling) is donating most of his money to the Gates Foundation, and some to his own kids' foundations, but most of those donations go towards other things and only a too small fraction goes to medical research.

Just because some well intentioned philanthropist, donates gobs of money to an organization that has high administrative costs, does not mean he did the most good with that money. Howard unlike Warren, was the man in charge of all of his ventures. He didn't throw his checkbook out there and hoped for the best. These times are the WORST of times to be donating money to a charity. Most all Charities have a guy at the top pulling in large corporation CEO salaries. Money is wasted or squandered because they are not for profit. So they have to spend the money they take in. Most of that money goes to paying salaries. Only a small fraction actually goes to a small starving child in Ethiopia.

If Warren buffet wanted to impress me, he should buy up large swaths of property in our inner city projects and slums, tear them down and build luxury highrises where he would then let people there live rent free.

CaptainShuddup says

If Warren buffet wanted to impress me, he should buy up large swaths of property in our inner city projects and slums, tear them down and build luxury highrises where he would then let people there live rent free.

That would impress me also. But still I would have suggested medical research or other research, e.g. the world really needs a better battery. Then we could say, "This technology that helps everyone is here because this philanthropist made it possible." I am not very impressed with people who think "charity" means giving $$$ to brutal kleptocracies in Africa. Haiti gets more foreign aid per capita than any other country in the world, every year, decade after decade, yet the children are literally eating dirt to stave off the pain of hunger. People who throw money at those places, and feel good about it, don't really understand those places. Charity begins at home, and there are many worthwhile projects in America that need funding, so I do wish that American philanthropists would devote more of their attention to this country which is what enabled them to get rich in the first place.

CaptainShuddup says

These times are the WORST of times to be donating money to a charity. Most all
Charities have a guy at the top pulling in large corporation CEO salaries. Money
is wasted or squandered because they are not for profit. So they have to spend
the money they take in. Most of that money goes to paying salaries. Only a small
fraction actually goes to a small starving child in Ethiopia.

Do you even read the BS that you post? Is your position that the Gates foundation was set up by Bill Gates to enrich himself? Really?

Only on pat.net does someone who:

1. lives a ridiculously humble lifestyle (no expensive house, no expensive care, in Omaha, NE)
2. Promises to give almost his entire fortune to charity
3. Fights to raise taxes on himself and other billionaires to try to reduce wealth disparity

get riduculed as a crony capitalist. I'm sure he's not perfect, but Jesus Christ.

He's not giving his all his money to the "right" charity??? That's the best you've got?? How about you just say thank you, I wish I could give that much to charity.

Andrew Carnegie and John Rockefeller gave all their money away too, but were gigantic A-holes who stomped mud holes in their competition while they were alive.

Just cause Buffett gives away his money at the end of life doesn't mean he wasn an unethical ass in the business world.

tatupu70 says

He's not giving his all his money to the "right" charity??? That's the best you've got?? How about you just say thank you, I wish I could give that much to charity

He gave it Bill Gates so he can add Whale sound effects to go with the colored lights in his $1,000,000 swimming pool.

dodgerfanjohn says

Just cause Buffett gives away his money at the end of life doesn't mean he
wasn an unethical ass in the business world.

Sure--I think he can be safely judged by his behavior.

CaptainShuddup says

He gave it Bill Gates so he can add Whale sound effects to go with the
colored lights in his $1,000,000 swimming pool.

OK--as long as you are giving up any pretence of actually trying to make a point.

No I'm just putting it in perspective, while we're talking about two guys that each have more money than the Roman Catholic Church and State of Israel combined, are now giving money to charities. At the same time they are getting older and their Mortality is nagging them, that there, just might be GOD and all that.

CaptainShuddup your a Bigot

Kevin says

Cool, when do you start investing your billions? Obviously you're an expert on how to spend billions of dollars.

you can hire VCs to do that as well.. either way your fueling growth into the economy
instead of creating dead wealth... true capitalist know how to do this.

Im not worried about my soul in the afterlife. Bill Gates and Warren are...

thomaswong.1986 says

Kevin says

Cool, when do you start investing your billions? Obviously you're an expert on how to spend billions of dollars.

you can hire VCs to do that as well.. either way your fueling growth into the economy

No, I can't, because I don't have billions of dollars. Apparently you do, so I'm still wondering how you're going to invest your billions.

instead of creating dead wealth... true capitalist know how to do this.

Ok.

Im not worried about my soul in the afterlife. Bill Gates and Warren are...

Bill Gates and Warren Buffett are agnostic and atheist, respectively, so I doubt it. They're both pretty open about why they're doing what they're doing: They can't take it with them, their kids don't need that much money, and nobody else is doing it.

Kevin says

Bill Gates and Warren Buffett are agnostic and atheist, respectively, so I doubt it.

they worship themselves...

They seem like people who are trying to do something good. I don't understand why morons need to shit on that. There's nothing wrong with wanting to cure malaria.

Kevin says

Please enlighten us on the good that you're going to do with your billions.

I'd keep all of it invested in productive companies, which in turn raises the standard of living for everyone, provides high paying jobs, etc...

You can't have capitalism without the capital.