BDS?.....check out Buffettitis

[Plane]

That is a rather feeble argument. If A buys stock from B,it does not cause any company, anywhere to hire anyone.

That most of our businesses depend on investment to come into  existance is a feeble arguement ?


Wow , your standard of strengh is high.

[Xavier_Onassis]

Most investment in business is not related to the stock market.

Again,buying stock from some other stockholder does not cause any company to hire workers. It would be more of an incentive to buy robots in some industries.

[sirs]

Most investment in business is based on the notion that the business will hopefully do better, thus maximising that investement....as in expand....as in improve...as in then need to hire more employees. 

The stocks going up or down simply validate the original risk of investing in the 1st place   

[Plane]

The stock market opens the investment business to the small player.

There is a huge advantage to the large investor , but without the stock market the small investor would be totally shut out.

When you buy a few shares , often the seller is harvesting a profit , or if taking a loss is harvesting what he can.

The big investors sell sometimes just so that they can buy something new. Since money is very fungable in the stock market a big buyer is very likly to trade holdings old for new.

A diving stock market DIRECTLY removes value from the pool of investment that funds old and new investment, in tight money times it is hard to get a new business started and hard to get an old business expanded.

It isn't because anyone likes it that way, and it isn't because anyone anyone hates it that way, proper regulation prevents cheating , not the flow of tides .

[BT]

Sirs says "Of course you don't....he's a hard core leftist, who happen to take advantage of this country's capitalistic system to better himself, all the while trashing anyone who apparently does like he, but doesn't support his ideology"

What evidence do you have that Buffett is a hard core leftist? What defines a hard core leftist in your mind. And who is he trashing?

[sirs]

His rhetoric and who he supports

And he'd be trashing both conservatives and libertarians who support a more constitutionally founded limited government

But seriously, you want to talk about me vs the hypocritical double speak Buffett is pushing?     

[BT]

What about his rhetoric seems especially hard core and of the left. I notice you dodged my request for a definition.

And when did he trash conservatives and libertarians? Is this you projecting or did he actually do it?

Yeah i want to talk about your assertion that Buffett is a hard core leftist. He well may be, but you haven't backed up that assertion.

[sirs]

I'll think about it

[BT]

I'm sure the class is eagerly awaiting your reply. I know i am.

[sirs]

I suppose I could pull a.... he who shall not be named, and claim I have no obligation to answer any direct question. I don't feel like.  I'll get back to you

[BT]

Please do.

[Plane]

http://www.biography.com/people/warren-buffett-9230729
http://www.youtube.com/
Biography Channel - Warren Buffett (1/4)



     I am not sure that "liberal"or "conservative" either one would be a really complete description, Warren Buffet has built his fortune largely on a strong understanding of what makes a business valuable , being patient and being really good with math.
      Other than being very good with math I don't see why he couldn't be a genuine Liberal.
      But...
      Not long ago he set the record for charitable gift, and he used his OWN MONEY, ..... that is not a liberal.

[BT]

I wonder how Fatman is doing.

[sirs]

Milton Friedman: Why soaking the rich won't work.

[Xavier_Onassis]

Given a choice between Buffett and Friedman, I'd say Buffett knows more.

One of the heirs to the Johnson & Johnson fortune did a documentary on being filthy rich and interviewed Friedman and pretty much made a fool of him. It is on Youtube.