James3v9 on Nostr: Wow I had no idea thats how that went down... Thanks for the response. For my first ...
Wow I had no idea thats how that went down... Thanks for the response.
For my first few years of investing Buffett was my ultimate hero. Not only a genius, but also had solid character. Quotes like this on Solomon are so good - “Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.”
But as time goes on I start to wonder how true his character is after seeing him encourage govt bailout after bailout. Praising the printing of money to fix bad decision making. Picking winners and losers is unfair and immoral - and is a sure way to make an even more catastrophic event when the crisis is delayed.
For my first few years of investing Buffett was my ultimate hero. Not only a genius, but also had solid character. Quotes like this on Solomon are so good - “Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.”
But as time goes on I start to wonder how true his character is after seeing him encourage govt bailout after bailout. Praising the printing of money to fix bad decision making. Picking winners and losers is unfair and immoral - and is a sure way to make an even more catastrophic event when the crisis is delayed.