Re:“Becoming Warren Buffett,” the Man, Not the Investor
by tim333 on Wednesday February 01, 2017 @07:56PM
(#13547086)
Buffett's a poor example of the meta-money problem. A lot of the finance industry probably adds negative value and is a problem. Buffett does add some value. If you think sound finance has no value take a look at Venezuela, Argentina, the dot com bubble, the housing bubble and so on.
Re:“Becoming Warren Buffett,” the Man, Not the Investor
by sumedh on Friday February 03, 2017 @05:30AM
(#13558919)
> I am saying is that it's hard to justify that he has added proportional value to the world that is worth the money he has made.
Donating almost everything back to society, that does not count?
Re:“Becoming Warren Buffett,” the Man, Not the Investor
by DavidWanjiru on Thursday February 02, 2017 @05:40AM
(#13549551)
He makes capital. Capital is a resource that you need to run, say, a software company. Makers don't usually go too far without it. And they, makers, are the ones who put their creations on the market, for good reason.
Don't get me wrong, I'm not saying he is a bad person or that he is not highly intelligent or even shouldn't be successful. What I am saying is that it's hard to justify that he has added proportional value to the world that is worth the money he has made. To each his own, but if this were a world full of people who only wanted to benefit upon the production done by others, then this would be a troublesome world. Just imagine, could Linus Torvalds have chosen to turn Linux into a profitable venture? Could he have been all about the money and not about producing a truly great OS that people could build upon? I just don't think it's wise to put Warren Buffet as a success story above, say, Linus because he made so much more money. I'd rather live in a world of mostly Linus' than a world of mostly Buffet's.