Evan Davis talks To Warren Buffett-BBC-10-25-09- Part 2

[jaderdavila]

warren is what would happen to anyone, if the anyone stops doing things that do not make economic sense. one day warren bought a bumped and fixed car. why? the price of the bumped car is a third of what a non-bumped car would cost. life is a sucession of small economic decisions, and he only does the right ones.

[Jacnas]

Warren Buffett is grateful to the civilization that allowed him to become so successful. He feels strong attachment and devotion to it. He's one of those uber-rich who 'get it'. There are others who also 'get it' like Bill Gates, Lawrence Page and Sergey Brin.

But there are also those who don't. They are the aristocrats. They would like nothing more than to return to feudalism. They care only about being on top of the societal pyramid.

[dmg46664]

@Jacnas Can you point to examples of those that "don't get it"? Ones that don't break the law?

[Jacnas]

@dmg46664 Not specifically but try to deny that there are those among them who feel entitled; who feel they don't owe anything to civilization that enabled them to become so successful. It's not completely established yet but studies have shown that the rich tend to be more selfish. No wonder then, that they feel the government is holding them back and taxes are theft. This "gimme" attitude is short-sighted and foolish.

google this:

Are the Rich More Selfish

[rx7here]

no other parts? :(

[kingdavid3]

Greatest Investor ever!