Parsad

You specifically said: I can’t remember a single act of terrorism in the name Christianity - not one. Or any other religion for that matter. This is completely incorrect, and there are dozens of books that prove this. Cheers!

You can categorize them how you want, but religion played some part in all of those. Cheers!

Jesus...let's start with the Crusades! The British Empire's entire expansion in the 18th and 19th Centuries were also based on spreading Christianity. How about the Ku Klux Klan? Pogroms? IRA? Anti-abortion terrorists like the Army of God? There have been hundreds of terrorist attacks based on Christianity! Cheers!

Ok, you two stop it, otherwise a double ban for each.

Looks like he may be sticking with the original commitment...but there won't be any money after his passing. There is certainly a rift there...not sure exactly what the cause is, but something got stuck in Buffett's craw about Bill and he's not happy. I know Buffett was extremely keen on Melinda...admired her greatly...and with her not on the board anymore, he's not going to give them a lot more money, especially when he's gone. I think he's developed a strong trust in his children after years of them handling their own foundations. Cheers!

I didn't say it was a great program or not...just that he was certainly thinking of a better situation for the 50M people that weren't getting coverage or excluded due to preexisting conditions. My comment was a rebuttal of Cubs right wing vomit: Loser politicians like Obama that are more interested in being with their Davos buddies & George Clooney rather than taking care of the American citizens. Cheers!

They may not have completely stopped, but they are far lower...if any! Cheers! https://fortune.com/2024/08/19/warren-buffett-bill-gates-foundation/

Yeah, the gifts from Warren I believe have stopped since Melinda left the Gates Foundation. As far as I understand, the three children will give away any funds. I think Buffett will give each child's foundation quite a bit than originally intended to give away for their ideas and objectives, and the rest will be distributed through the Buffett Foundation by them. Cheers!

You mean like Obamacare which now protects 50M more people? It was so bad, Trump didn't replace it or even tweak it! Also, exactly how much gold has Trump now brought into the Oval Office...looks like Caligula's party room! Cheers!

Don't bother...he's throwing around labels from the 1950's! Which is exactly where most of these guys want the world to be again. Cheers!

Cubs, can you tell me why Scott Bessent had such a hard time answering this question? Who pays the tariff? And how can anyone defend these types of retarded answers...whether it's someone on the left or right giving them! Cheers!

There are tons...about as difficult to find as cocaine in Don Jr.'s pockets...but I'll give you two that they were actually convicted, lost and paid fines. https://www.npr.org/2022/12/06/1140756394/former-president-donald-trumps-company-found-guilty-criminal-tax-fraud https://www.independent.co.uk/news/world/americas/us-politics/trump-fine-fraud-ruling-eric-don-b2497720.html Cheers!

No one should defend Biden here because it is indefensible. Hunter should have rotted in jail just like Trump and a number of his cronies, including Don Jr. But all of those fuckers got off! No way in hell should the right or the left defend that stuff! So instead of throwing feces back at others like a chimpanzee, maybe you should just admit it as well Cubs! Cheers!

He's right on part of that...probably won't be 2nd Q...more like early next year. In terms of the unrecognized problems they've created by attacking the problems the way they have...disintegration of core alliances (both economically and militarily), testing the limits of the Constitution, complete collapse of global initiatives for the impoverished, a new military and technological arms race, disintegration of decades of race relations, creation of a new cultural wasteland, and almost zero oversight! Cheers!

Why did it take German's to realize that Nazi's had gone too far right? People never realize the trainwreck they are travelling in until the crash! Cheers!

+1! Yup! U.S. is already there...they are now working on turning the rest of the world into one as well! Cheers!

It would take 5 years to graduate/train enough American CGI programmers and digital artists to handle just the films being produced in Canada alone. Forget Europe and Asia! Captain Chaos has no idea what reality is! Cheers!

Angel investing and venture capital are some of the worst areas to invest. Either you better be the best at it or damn lucky...outcomes are horrible on a batting percentage basis. Berkshire should stick to what they are good at...insurance, buying businesses, allocating float and being the wealthiest company in the world! They just aren't going to grow anywhere near that rate anymore, so instead be the company that grows at a above average rate and preserves capital better than anyone else. Cheers!

He'll have far more options available to him since he isn't Buffett. He can issue dividends, buy back stock, allocate a lot of it to Ted and Todd, pour more into dominant capital intensive businesses...I'm hoping the one thing that he learned from Buffett is that he can actually remain patient and flexible. Cheers!

Yup! +1! Cheers!

Earlier in Berkshire's existence, there weren't as many operating companies and it was mostly insurance. So that insurance float was invested mostly in equities, bonds and cash. But over the years, operating businesses (essentially another category) make up a larger and larger percentage of total assets. So if you really want to know what Buffett thinks of market valuation or potential inflation, you need to decrease the percentage of tangible assets by non-insurance operating business assets. That will give you a more accurate relationship between cash, bonds and how he sees market valuation/opportunities (equities). For example, in 1998 and 1999, markets especially tech stocks were extremely overvalued. Yet he didn't have a lot of cash because he was buying up private companies and undervalued stocks. Those two years were two of the most prolific periods of Berkshire acquiring non-insurance businesses. You would imagine Berkshire had lots and lots of cash in 1999...but he didn't. Cheers!

Hi Blake, I think you need to redo the spreadsheet and include non-insurance operating business assets. These assets have grown tremendously as a portion total tangible assets. So the cash versus tangible assets isn't showing the fourth leg of income that Berkshire generates (cash, bonds, equities, operating businesses). No doubt that cash is high relative to historical amounts, but exactly how high is it in terms of income generation by Berkshire? Cheers!

LOL! Cheers!

This is not a new problem. They said the same thing about the Irish, then the Jews, then the Italians, in the 70's Time Square was full of strip joints, hookers, and dirty nightclubs...so they said the same thing about Cubans, Puerto Ricans and blacks. It got cleaned up...even Harlem was gentrified in the 90's! You can walk Times Square at night no problem...although there probably is an uptick in crime since the Pandemic. This problem is occurring in all major cities since the Pandemic. It will get cleaned up in most cities as governments change and they get tougher on crime and loosen restrictions on development. Cheers!

+1! Cheers!