I have debunked this "let's get Warren on the bus with us" crap a few times but I will do it on more time:
About 4 years ago, WB and CM sat in still one more bi-weekly meeting with their 2 firebrands. The agenda was always the same. What in the hell are we going with this $100 billion or so of idle cash? Almost Hollywood, the pitch on an outlier. So the old dudes heard it and said, hell, throw $300 or $400 million at it. What's next?
So they bought about 15 mlllion shares at roughly $25. They sold about 4 million shares in the hood of $50 and got $100 million back. The 11 million or so shares left are pocket lint to the Brk portfolio.
Buffett learned that healthcare is one of the "...we don't really want to solve any problems, we want to fleece the mother-loving-carp out of all these people..." businesses,
Some say "all businesses are like that" no, healthcare has what the mob calls a "veil of legitimacy" in that - people have been taught to believe "the healthcare industry only has your best interests in mind - 'do no harm' and so on."
No, they use the 'veil of legitimacy' to fleece the mother-loving-carp out of all these people.
When Buffett set out to 'fix healthcare' he forgot to ask "Is this like trying to make lightbulbs that never burn out, or tires that can never go flat or wear out?"
He didn't ask that question. Light bulb makers need the bulbs to burn out. Tire companies need tires to wear out, go flat, etc.
Healthcare companies need to keep people relying on them. Ie. not getting well. Buffett: "I guess I'm freaking naive?"
I fault #Saylor because a not-regulated asset will/should freely float in price, dependent only on supply and demand The need to liquidate by large holders ("I needed to raise cash to buy an enterprise", "my divorce settlement required I sell it") - for whatever reason a large holder IN #Bitcoin needs to sell, the price - being freely-floating and not monitored/supported by ANY regulator - should reflect a liquidation. It's nearly 100% clear Saylor set himself up to buy a regulated/monitored asset and $BTC/$BITCOMP has never, ever been that. Never, never, never ever. And should never be.
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I have debunked this "let's get Warren on the bus with us" crap a few times but I will do it on more time:
About 4 years ago, WB and CM sat in still one more bi-weekly meeting with their 2 firebrands. The agenda was always the same. What in the hell are we going with this $100 billion or so of idle cash? Almost Hollywood, the pitch on an outlier. So the old dudes heard it and said, hell, throw $300 or $400 million at it. What's next?
So they bought about 15 mlllion shares at roughly $25. They sold about 4 million shares in the hood of $50 and got $100 million back. The 11 million or so shares left are pocket lint to the Brk portfolio.
Warren Buffett Stocks: Charter Communications
Buffett learned that healthcare is one of the "...we don't really want to solve any problems, we want to fleece the mother-loving-carp out of all these people..." businesses,
Some say "all businesses are like that" no, healthcare has what the mob calls a "veil of legitimacy" in that - people have been taught to believe "the healthcare industry only has your best interests in mind - 'do no harm' and so on."
No, they use the 'veil of legitimacy' to fleece the mother-loving-carp out of all these people.
When Buffett set out to 'fix healthcare' he forgot to ask "Is this like trying to make lightbulbs that never burn out, or tires that can never go flat or wear out?"
He didn't ask that question. Light bulb makers need the bulbs to burn out. Tire companies need tires to wear out, go flat, etc.
Healthcare companies need to keep people relying on them. Ie. not getting well. Buffett: "I guess I'm freaking naive?"
Stock Market Update: Stocks Have Bottomed
Not even close 🐻❤😈✔
Michael Saylor Fears A Bitcoin Crash And Begs The Government For Help
I fault #Saylor because a not-regulated asset will/should freely float in price, dependent only on supply and demand The need to liquidate by large holders ("I needed to raise cash to buy an enterprise", "my divorce settlement required I sell it") - for whatever reason a large holder IN #Bitcoin needs to sell, the price - being freely-floating and not monitored/supported by ANY regulator - should reflect a liquidation. It's nearly 100% clear Saylor set himself up to buy a regulated/monitored asset and $BTC/$BITCOMP has never, ever been that. Never, never, never ever. And should never be.