Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Wednesday, November 16, 2016

Buffett after Trump win: '100%' optimistic about America




Published on Nov 11, 2016
Billionaire investor Warren Buffett was a huge supporter of Hillary Clinton for president, but tells CNN's Poppy Harlow he will support Donald Trump saying "it's very important that the American people coalesce behind the president."

Though, Buffett notes, Trump's 4% GDP growth promise is "not realistic."


Link: https://youtu.be/auukuYuizq4

Friday, November 11, 2016

Why did Donald Trump win the A|merican Election


The inequality bubble is accelerating, worse than '29, even 1789 ...

www.marketwatch.com › Investing › Paul B. Farrell
Apr 20, 2015 - French Revolution, history lesson, denied, never learned ... but income inequality has increased even more under Obama than under Bush.“.



Thursday, November 3, 2016

Warren Buffett wrote op-ed in the New York Times in October 2008


Warren Buffett wrote a famous op-ed piece in the New York Times in October 2008 in which he that said the following:

“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors."

This is the mindset of a great investor and how great investors react when there are opportunities like we’re seeing in this beaten down sector. They buy when others are selling.