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John Galt · Guest

retrogrouch@comcast.net wrote:
[quote]On Mon, 06 Oct 2008 21:54:24 +0200, John Galt <kady101@gmail.com
wrote:

retrogrouch@comcast.net wrote:
On Mon, 6 Oct 2008 12:22:20 -0700 (PDT), Jerry Kraus
jkraus_1999@yahoo.com> wrote:

He agrees with 95% of what you boys say. WHy are you seeking to burn
him if effigy?- Hide quoted text -

- Show quoted text -
Because he>s begging to prop up a corrupt system. Buffet>s system
must die. It is evil.

You>d do well to listen to him. He wants it changed. But he>s also
very knowledgable about what>s out there and what the effects will be.

He>s been calling to regulate it and change it and get back to core
American values of thrift and savings and long term investing. Read
about how he lives. And what he says the system needs.
And you do that reading by studying the Annual Reports of Berkshire
Hathaway, which he writes himself and contains all the information you
need about what Warren considers prudent financial management.

This looks like the mob in the French revolution. All the nobility
will go to the guillotine regardless of culpability. this sort of
ignorance scares me.
[/quote]
Yep.

I>ve lived in India. I would prefer to not have it recreated here. But,
that>s the end result if these financial Luddites ever get control.

JG

John Galt · Guest

retrogrouch@comcast.net wrote:
[quote]On Mon, 6 Oct 2008 13:07:37 -0700 (PDT), Jerry Kraus
jkraus_1999@yahoo.com> wrote:

OK. I>ll give him the benefit of the doubt. He>s just senile.

Guess again.

I hope I';m that senile at his age. Shit I wish I was as senile as him
NOW.
[/quote]
Not many stocks up over the last month. Berkshire is. 30 days ago, it
was at 118100. Today it closed at 130800. That>s 11% up in the last
MONTH, while the Dow was losing 11% over the same period.

Maybe that>s why gold hasn>t behaved as a safe haven as expected this
past month. People who normally would have moved money to gold are
moving it to Warren.

JG

Rod Speed · Guest

V <vfr44@aol.com> wrote:
[quote]On Oct 2, 11:33?am, Jerry Kraus <jkraus_1...@yahoo.com> wrote:
http://biz.yahoo.com/ap/081002/buffett_economy.html

Aw, c>mon Warren. ?Don>t you have enough money? ?Do you really have
to tax the Hell out of the American people just to prop up your
multi- billion dollar empire? ?Go screw yourself, Warren. ?You are
protecting no one but yourself.

Warren Buffet is whining about the "financial crisis" which is
affecting no one but himself and his rich buddies. ?The majority of
Americans are so poor now that they no longer have anything to lose,
and Warren knows it. ?So, he is whining to the government. ?"Give me
money!! ?Give me money!! ?I want my money!!"

Sorry, Warren. ?You lose your money through inflation, or the markets
collapse, or both. ?You have destroyed the American economy through
your greed and stupidity. ?Live with it, Warren. ?You earned it.

Well spoken post Jerry.

Buffet wants his stocks to keep going up. So of course he is for supporting
Wall Street at the expense of the financial reamout of the taxpayer.

Buffet says his kids will have a better life than he and their kids
will have a better life their parents and on and on in perpetuity.
[/quote]
And he>s right. Thats been true for hundreds of years now and no evidence that its going to change.

[quote]Maybe that is for a billionaire but not for the average Joe or Jane.
[/quote]
Wrong. Just as true for the average. In spades with the dregs of
society, those entirely dependant on welfare and food stamps etc.

[quote]Have you ever known a rich man eagerly take losses in their investments
to help out the taxpayer from being further buried in debt?
[/quote]
Yep, it does happen sometime.

[quote]Did Buffet ever tell America one word about the sick state of affairs
with our unsustainable consumption and greed driven economy?
[/quote]
Thats just another of your pathetic little pig ignorant drug crazed fantasys.

Rod Speed · Guest

retrogrouch@comcast.net wrote:
[quote]On Mon, 6 Oct 2008 11:59:20 -0700 (PDT), V <vfr44@aol.com> wrote:

On Oct 2, 11:33?am, Jerry Kraus <jkraus_1...@yahoo.com> wrote:
http://biz.yahoo.com/ap/081002/buffett_economy.html

Aw, c>mon Warren. ?Don>t you have enough money? ?Do you really have
to tax the Hell out of the American people just to prop up your
multi- billion dollar empire? ?Go screw yourself, Warren. ?You are
protecting no one but yourself.

Warren Buffet is whining about the "financial crisis" which is
affecting no one but himself and his rich buddies. ?The majority of
Americans are so poor now that they no longer have anything to lose,
and Warren knows it. ?So, he is whining to the government. ?"Give me
money!! ?Give me money!! ?I want my money!!"

Sorry, Warren. ?You lose your money through inflation, or the
markets collapse, or both. ?You have destroyed the American economy
through your greed and stupidity. ?Live with it, Warren. ?You
earned it.

Well spoken post Jerry.

Buffet wants his stocks to keep going up. So of course he is for
supporting Wall Street at the expense of the financial reamout of the
taxpayer.

Buffet says his kids will have a better life than he and their kids
will have a better life their parents and on and on in perpetuity.

Maybe that is for a billionaire but not for the average Joe or Jane.

Have you ever known a rich man eagerly take losses in their
investments to help out the taxpayer from being further buried in
debt?

Did Buffet ever tell America one word about the sick state of affairs
with our unsustainable consumption and greed driven economy?

What is this nonsense? Buffet has said he>s leaving his money to
charity, his kids have had enough. Buffett has warned against these
market excesses for 10 years now. He pleaded for regulation. He>s
pleaded that the rich should be taxed and that the Bush tax cuts and
fiscal policy are strangling America.

He agrees with 95% of what you boys say. WHy are you seeking to burn him if effigy?
[/quote]
Because they are pig ignorant fools that have never ever had a fucking clue about anything at all, ever.

SaPeIsMa · Guest

"John Galt" <kady101@gmail.com> wrote in message
news:VVuGk.158177$vK2.70514@en-nntp-03.dc1.easynews.com...
[quote]retrogrouch@comcast.net wrote:
On Mon, 6 Oct 2008 13:07:37 -0700 (PDT), Jerry Kraus
jkraus_1999@yahoo.com> wrote:

OK. I>ll give him the benefit of the doubt. He>s just senile.

Guess again.

I hope I';m that senile at his age. Shit I wish I was as senile as him
NOW.

Not many stocks up over the last month. Berkshire is. 30 days ago, it was
at 118100. Today it closed at 130800. That>s 11% up in the last MONTH,
while the Dow was losing 11% over the same period.

Maybe that>s why gold hasn>t behaved as a safe haven as expected this past
month. People who normally would have moved money to gold are moving it to
Warren.

JG
[/quote]
What people don>t realize from your post is that Berkshire Hathaway has
never split
And the numbers you quote 118100, and 130800 are in fact the price of ONE
SHARE in the company U$130,800.

Les Cargill · Guest

John Galt wrote:

[quote]retrogrouch@comcast.net wrote:

On Oct 6, 1:59 pm, V <vf...@aol.com> wrote:

Did Buffet ever tell America one word about the sick state of affairs
with our unsustainable consumption and greed driven economy?

Often. You>re being really stupid here. Why don>t you go read about
this man, before you go off on him just because he>s earned money.

What did he call the CDS'? Financial Weapons of Mass Destruction?

[/quote]
His comments make it clear he doesn>t understand them. I don>t think
*any* financial instrument is abuse-proof. CDS-ii are probably easier to
abuse than most.

[quote]Warren has always steered clear of companies that borrow a lot of money,
because borrowed money can be used to inflate earnings per share.

JG

[/quote]
There>s nothing essentially wrong with Buffet>s approach, but it does
not scale and it takes a long time.

--
Les Cargill

Les Cargill · Guest

Jerry Kraus wrote:

[quote]On Oct 6, 2:18 pm, retrogro...@comcast.net wrote:

On Mon, 6 Oct 2008 11:59:20 -0700 (PDT), V <vf...@aol.com> wrote:

On Oct 2, 11:33?am, Jerry Kraus <jkraus_1...@yahoo.com> wrote:

http://biz.yahoo.com/ap/081002/buffett_economy.html

Aw, c>mon Warren. ?Don>t you have enough money? ?Do you really have to
tax the Hell out of the American people just to prop up your multi-
billion dollar empire? ?Go screw yourself, Warren. ?You are protecting
no one but yourself.

Warren Buffet is whining about the "financial crisis" which is
affecting no one but himself and his rich buddies. ?The majority of
Americans are so poor now that they no longer have anything to lose,
and Warren knows it. ?So, he is whining to the government. ?"Give me
money!! ?Give me money!! ?I want my money!!"

Sorry, Warren. ?You lose your money through inflation, or the markets
collapse, or both. ?You have destroyed the American economy through
your greed and stupidity. ?Live with it, Warren. ?You earned it.

Well spoken post Jerry.

Buffet wants his stocks to keep going up. So of course he is for
supporting Wall Street at the expense of the financial reamout of the
taxpayer.

Buffet says his kids will have a better life than he and their kids
will have a better life their parents and on and on in perpetuity.

Maybe that is for a billionaire but not for the average Joe or Jane.

Have you ever known a rich man eagerly take losses in their
investments to help out the taxpayer from being further buried in
debt?

Did Buffet ever tell America one word about the sick state of affairs
with our unsustainable consumption and greed driven economy?

What is this nonsense? Buffet has said he>s leaving his money to
charity, his kids have had enough. Buffett has warned against these
market excesses for 10 years now. He pleaded for regulation. He>s
pleaded that the rich should be taxed and that the Bush tax cuts and
fiscal policy are strangling America.

He agrees with 95% of what you boys say. WHy are you seeking to burn
him if effigy?- Hide quoted text -

- Show quoted text -

Because he>s begging to prop up a corrupt system. Buffet>s system
must die. It is evil.

[/quote]

There>s nothing evil *about* it.

Take Dairy Queen. It was in a succession crisis - it hadn>t been
properly set up for the deaths of key players. Buffet pumped a
little cash in against massive instrastructure and made it productive
again. In case you don>t know, DQ was everywhere in towns too
small for a McDonalds ( back when there were such towns ). So it
wasn>t an unimportant company.

It>s not bleeding edge - he>s bought "junk car" companies - but it>s
honorable enough work. I>m not a fan because his approach does not
really solve capital formation problems, but there>s nothing
inherently wrong with it.

--
Les Cargill

Les Cargill · Guest

retrogrouch@comcast.net wrote:

[quote]On Mon, 6 Oct 2008 12:22:20 -0700 (PDT), Jerry Kraus
jkraus_1999@yahoo.com> wrote:

He agrees with 95% of what you boys say. WHy are you seeking to burn
him if effigy?- Hide quoted text -

- Show quoted text -

Because he>s begging to prop up a corrupt system. Buffet>s system
must die. It is evil.

You>d do well to listen to him. He wants it changed. But he>s also
very knowledgable about what>s out there and what the effects will be.

He>s been calling to regulate it and change it and get back to core
American values of thrift and savings and long term investing. Read
about how he lives. And what he says the system needs.
[/quote]
Yeha, and his Normal Rockwell version of the Way the World Works is
stuck about 1960. The world moved on.

--
Les Cargill

Les Cargill · Guest

John Galt wrote:

[quote]retrogrouch@comcast.net wrote:

On Mon, 06 Oct 2008 21:54:24 +0200, John Galt <kady101@gmail.com
wrote:

retrogrouch@comcast.net wrote:

On Mon, 6 Oct 2008 12:22:20 -0700 (PDT), Jerry Kraus
jkraus_1999@yahoo.com> wrote:

He agrees with 95% of what you boys say. WHy are you seeking to burn
him if effigy?- Hide quoted text -

- Show quoted text -

Because he>s begging to prop up a corrupt system. Buffet>s system
must die. It is evil.

You>d do well to listen to him. He wants it changed. But he>s also
very knowledgable about what>s out there and what the effects will be.

He>s been calling to regulate it and change it and get back to core
American values of thrift and savings and long term investing. Read
about how he lives. And what he says the system needs.

And you do that reading by studying the Annual Reports of Berkshire
Hathaway, which he writes himself and contains all the information
you need about what Warren considers prudent financial management.

This looks like the mob in the French revolution. All the nobility
will go to the guillotine regardless of culpability. this sort of
ignorance scares me.

Yep.

I>ve lived in India. I would prefer to not have it recreated here. But,
that>s the end result if these financial Luddites ever get control.

JG

[/quote]
It>s more likely than you think, I fear. What>s sad is that < 5% of
all mortgages are the rotting corpse at the bottom of the village well.
And had people even been *allowed* to exercise any common sense at
all, at least half of those would not have been written at all.

--
Les Cargill

Les Cargill · Guest

Mike wrote:

[quote]On Mon, 06 Oct 2008 12:18:03 -0700, retrogrouch wrote:

On Mon, 6 Oct 2008 11:59:20 -0700 (PDT), V <vfr44@aol.com> wrote:

On Oct 2, 11:33?am, Jerry Kraus <jkraus_1...@yahoo.com> wrote:

http://biz.yahoo.com/ap/081002/buffett_economy.html

Aw, c>mon Warren. ?Don>t you have enough money? ?Do you really have to
tax the Hell out of the American people just to prop up your multi-
billion dollar empire? ?Go screw yourself, Warren. ?You are protecting
no one but yourself.

Warren Buffet is whining about the "financial crisis" which is
affecting no one but himself and his rich buddies. ?The majority of
Americans are so poor now that they no longer have anything to lose,
and Warren knows it. ?So, he is whining to the government. ?"Give me
money!! ?Give me money!! ?I want my money!!"

Sorry, Warren. ?You lose your money through inflation, or the markets
collapse, or both. ?You have destroyed the American economy through
your greed and stupidity. ?Live with it, Warren. ?You earned it.

Well spoken post Jerry.

Buffet wants his stocks to keep going up. So of course he is for
supporting Wall Street at the expense of the financial reamout of the
taxpayer.

Buffet says his kids will have a better life than he and their kids will
have a better life their parents and on and on in perpetuity.

Maybe that is for a billionaire but not for the average Joe or Jane.

Have you ever known a rich man eagerly take losses in their investments
to help out the taxpayer from being further buried in debt?

Did Buffet ever tell America one word about the sick state of affairs
with our unsustainable consumption and greed driven economy?

What is this nonsense? Buffet has said he>s leaving his money to
charity

he left his money to the bill gates foundation, now there>s a worthless
parasite if ever there was one (gates, that is)

[/quote]
Bollocks. Just because you don>t understand it ( and it *IS* bizarre),
don>t throw rocks at it.

Gary Kildall was never gonna Go Large. For good or for bad, Go
Large was needed then.

--
Les Cargill

Guest · Posted: Tue Oct 07, 2008 3:33 am Post subject: Re: Warren Buffet begs for Cash

On Mon, 06 Oct 2008 18:09:48 -0400, Les Cargill <lcargill@cfl.rr.com>
wrote:

[quote]Often. You>re being really stupid here. Why don>t you go read about
this man, before you go off on him just because he>s earned money.

What did he call the CDS'? Financial Weapons of Mass Destruction?

His comments make it clear he doesn>t understand them. I don>t think
*any* financial instrument is abuse-proof. CDS-ii are probably easier to
abuse than most.

Warren has always steered clear of companies that borrow a lot of money,
because borrowed money can be used to inflate earnings per share.

JG

There>s nothing essentially wrong with Buffet>s approach, but it does
not scale and it takes a long time.
[/quote]
LOL. The get rich quick advocate has spoken. Buffet is of the old
school long term investing approach. One benefits society. the other
doesn>t. WHich do you think does?

Michael Coburn · Guest

On Mon, 06 Oct 2008 18:09:48 -0400, Les Cargill wrote:

[quote]John Galt wrote:

retrogrouch@comcast.net wrote:

On Oct 6, 1:59 pm, V <vf...@aol.com> wrote:

Did Buffet ever tell America one word about the sick state of
affairs with our unsustainable consumption and greed driven economy?

Often. You>re being really stupid here. Why don>t you go read about
this man, before you go off on him just because he>s earned money.

What did he call the CDS'? Financial Weapons of Mass Destruction?

His comments make it clear he doesn>t understand them. I don>t think
*any* financial instrument is abuse-proof. CDS-ii are probably easier to
abuse than most.

Warren has always steered clear of companies that borrow a lot of
money, because borrowed money can be used to inflate earnings per
share.

JG

There>s nothing essentially wrong with Buffet>s approach, but it does
not scale and it takes a long time.
[/quote]
Other than those recommendations what else can you say?

Too big to fail, is too damned big.

Guest · Posted: Tue Oct 07, 2008 3:46 am Post subject: Re: Warren Buffet begs for Cash

On Mon, 06 Oct 2008 18:15:53 -0400, Les Cargill <lcargill@cfl.rr.com>
wrote:

[quote]You>d do well to listen to him. He wants it changed. But he>s also
very knowledgable about what>s out there and what the effects will be.

He>s been calling to regulate it and change it and get back to core
American values of thrift and savings and long term investing. Read
about how he lives. And what he says the system needs.

Yeha, and his Normal Rockwell version of the Way the World Works is
stuck about 1960. The world moved on.

--
[/quote]

You say that like it>s a good thing. ;->

Les Cargill · Guest

retrogrouch@comcast.net wrote:
[quote]On Mon, 06 Oct 2008 18:09:48 -0400, Les Cargill <lcargill@cfl.rr.com
wrote:

Often. You>re being really stupid here. Why don>t you go read about
this man, before you go off on him just because he>s earned money.

What did he call the CDS'? Financial Weapons of Mass Destruction?

His comments make it clear he doesn>t understand them. I don>t think
*any* financial instrument is abuse-proof. CDS-ii are probably easier to
abuse than most.

Warren has always steered clear of companies that borrow a lot of money,
because borrowed money can be used to inflate earnings per share.

JG

There>s nothing essentially wrong with Buffet>s approach, but it does
not scale and it takes a long time.

LOL. The get rich quick advocate has spoken.
[/quote]
Heh :). No, I mean ten years from founding to maturity, not *forty*.
Some parts of the economy cycle faster.

[quote]Buffet is of the old
school long term investing approach. One benefits society. the other
doesn>t. WHich do you think does?
[/quote]
Both. Remember, the weak underbelly of a growth-based economy is that,
well... you have to have growth. Buffet>s approach almost
by definition *cannot* be universal. Not everybody can
open an antiques store....

--
Les Cargill

Guest · Posted: Tue Oct 07, 2008 3:48 am Post subject: Re: Warren Buffet begs for Cash

On Mon, 06 Oct 2008 18:15:53 -0400, Les Cargill <lcargill@cfl.rr.com>
wrote:

[quote]
Yeha, and his Normal Rockwell version of the Way the World Works is
stuck about 1960. The world moved on.
[/quote]

You have noticed my nym, yes? ;-> (that>s a Palin style wink by the
way. How can I ascii in her hair?)


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