A new abnormal: It is still 2 minutes to midnight

Re:A new abnormal: It is still 2 minutes to midnight by Aperocky on Sunday October 13, 2019 @10:12AM (#21240439)

It's funny how 'cyber' is listed up there with nuclear, biological and chemical attacks, while I understand that Buffet might not be well versed in technology, I think it's vital that the people running the government be educated on the real cyber threat and what it entails.

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Re:A new abnormal: It is still 2 minutes to midnight by H8crilA on Sunday October 13, 2019 @11:44AM (#21240987)

That's not exactly what Buffett means when he says "invest in things you understand". What he means is: what will the market in which this company is selling look like in 10-20 years? Can you be very specific about that? Can you give me an invariant that will very likely stay true for that period? If you can't then you don't understand the future of this company. And this does not mean that the future of the company will be bad, it may be excellent. Just that you specifically don't really know that.

This plays well with his love for almost trivially easy businesses, like Coca Cola. The simpler it is the easier it is to predict. "You want a business than can be run by an idiot, because one eventually will".

Buffett has a good understanding of trade relationships between the countries, he wrote a good piece on the US trade imbalance many years ago. He probably has an excellent understanding of the bond market. But he can't predict where will this go, so he doesn't use it as a basis for his investment decisions.

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Re:A new abnormal: It is still 2 minutes to midnight by csomar on Sunday October 13, 2019 @01:07PM (#21241438)

> he wrote a good piece on the US trade imbalance many years ago.

Any links for that? Would like to read it.

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Re:A new abnormal: It is still 2 minutes to midnight by H8crilA on Sunday October 13, 2019 @01:13PM (#21241472)

https://money.cnn.com/magazines/fortune/fortune_archive/2003...

Note that this was before the 2008 crisis which did affect the picture. Although it seems US is in a comparable or even worse state, yet again.

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Re:A new abnormal: It is still 2 minutes to midnight by faissaloo on Sunday October 13, 2019 @11:54AM (#21241046)

Computers control the nukes and chemicals, so yes it definitely deserves to be up there. We forget that you can do alot more damage than a mere cryptolocker if your motivations aren't purely financial.

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Re:A new abnormal: It is still 2 minutes to midnight by germinalphrase on Sunday October 13, 2019 @10:30AM (#21240545)

Are you suggesting that its inclusion is hyperbolic?

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Re:A new abnormal: It is still 2 minutes to midnight by felixarba on Sunday October 13, 2019 @11:07AM (#21240753)

You don't have to be well versed in nuclear physics to understand the dangers of nuclear weapons.

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Re:A new abnormal: It is still 2 minutes to midnight by hanniabu on Sunday October 13, 2019 @11:28AM (#21240894)

You need to be well versed in order to make regulation on it

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Re:A new abnormal: It is still 2 minutes to midnight by Aperocky on Sunday October 13, 2019 @03:28PM (#21242372)

Yes, and putting cyber along with nuclear demonstrate an extensive ignorance on the threat that we face.

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