Looking for serious and hard working people who want to earn good money working on my team. Email me at: foster_236@hotmail.com and I will send you an Eligibility Form to fill out. If all is well then you can start working on my team ASAP!
Why aren't they're background check for people in government positions? If I go to jail for fucking children I cant get a job as a school teacher so why can guys who used to work for banks can go and work for the guys who install the brakes on the financial system?
This not true. This not the reason why Buffet did Goldman deal. Buffet study the business model first and he has been studying Goldmen Sachs for the past 30 years. Buffet loaned Goldmen 5 billion at 10% with warrents to convert it to common share at certain price in the future. And this has nothing to do with what this guy is tlaking about.
@8bahrain Actually Cenk is right. He just didn't give the whole picture. Warren always looks for a decent margin of safety. The fact that Goldman had so many ex employees within the government was enough surety during hard financial times to make Warren comfortable.
Yay Warren Buffet !!!! He won a game that was fixed for him to win. What a genius, and he now has more digits in make believe money land. Is Warren Buffet a genius, or are we just really dumb?
Warren understands value,and value my friends is king in this and every market condition whether you'd like to see that or not.I really do feel hes a genius simply because he uses the people and their narrow minded predictability to his ultimate advantage.
But AIG HAD TO pay off Goldman Sachs. They owed money to Goldman Sachs and since AIG wasn't declared bankrupt they had to pay off AIG's debts which include the debt to Goldman Sachs. If the government let AIG fail they could have had a judge maybe get rid of the debts (doubtful though).
What I've never understood as regards supply and demand with shares is this.
So a big hedge fund or bank sees Goldman Sachs, for example, is going to go up (they predict it using their analysts or whoever) so they buy 100 million of its 500 million shares at $100.
The quoted price hits $200 so they decide to sell, surely releasing 100 million shares (i.e. 20% of them) onto the market would cause the price to crash?
Plus who would take $20 billion worth of shares of you, who could afford to?
Well from what i have understood,the shareholder holding that 20% would release it as the market kept rising;your right who would buy up those shares(in a bear market).A bull market is a whole other story.
Also the company of conversation has alot to do with whether or not that company would keep rising.
The dot-com bubble made everyone just a little wiser.
Indeed, although some stock seems to rise in price exponentially, proportionate to the health and earnings of the company. There's no logical reason for the drastic jumps in share price or the view that 'what goes up must come down'.
Yes I guess it makes sense that selling off 20% of a company like GS would take a while.
So everyone can gain from the stock market, if people didn't try to second guess the market, if people were happy with a reasonable return.
Well, Buffett seems happy to buy under just about any market conditions, I've heard people accuse him of only performing well in a bull market, and predicting he will fail in a bear market, although this seems to be evidence to the contrary.
Did the dot-com bubble make everyone wiser? Just yesterday I read in the Daily Telegraph (so hardly a tabloid, trashy newspaper) that Twitter, which has never even made a profit, is valued at $1 billion, twice what Dominos pizza is worth???
Yes $10 billion, but some of that's on shares he bought prior to the financial collapse and plus he has a lot to lose, Berkshire Hathaway has $210 billion in assets according to its last annual report.
Well i would imagine twitter being worth that much is simply because of the many advertisers knocking down their door in order to take up ad space.There is a high traffic volume and that my friend means potential profit.
once again, income tax - CNN showed that 2/3 or US corporations didn't pay ANY income tax - time to start making those that make the most money pay their share of taxes - not to mention how CEOs and other corporate executives seem to think that shareholders shouldn't have ANY say in their compensation - wanna bet shareholders wouldn't allow these multi million dollar payouts for executives who are incompetent?
simple solution to all this bullsh*t - bring back the income tax rate that was in effect for America's righest under Eisenwhower 90% - health care solved - infrastructure solved - retirement solved - the biggest lie / crime perpetrated against the American people was the gross reduction in income tax for America's richest 1% who now just happen to own MORE THAN the bottom 95% - bring back most of the tax breaks and all the financial problems are solved
you got my vote mac. "1% owns more than 95% of the population". this isn't a democracy, it's more like the dark ages.
how about some regulation to keep the playing field level? enough of the monopoly manipulation. nothing will change unless people wake up and realize this system sucks, and that they're getting cheated every goddamn day of the year.
There are allegations that Warren Buffet participated in a child prostitute ring, involving the Reagan and Bush White House in the 1980s and 90s. This is not one of these crazy conspiracy theories but there are actual witnesses to these things. Look for the "Conspiracy of Silence" video on Youtube. He isn't explicitly mentioned in the video but in the book.
so... we (the tax payers) give goldman sucks 13 billion dollars, buffett steps in and takes 3 billion for himself... and michael moore asking for the money back is considered a "nut"...?!
if anyone thinks we live in a democracy, you need to wake up, it's a biblical corpocracy. the top 5% have more money than all the rest of us combined. democracy? it's more similar to an old european feudal system.
don't believe me? just watch repubs and conservadems protect the insurance monopoly?
i will read it. ron paul is not the answer, he may look great on a stage full of republicans, but his economics of complete deregulation is exactly why we are in this mess.
i can't believe anyone still thinks letting business having their way will lead to them doing anything for the greater good. it's like (einstein) "doing the same thing over and over and expecting a different result".
Warren Buffet & Bill Gates, the richest guys in the world, are the greatest people too. Most of their wealth is going into the Gates Foundation, an organization that I feel will get alot of shit done in this century.
Also, Warren always asks that his taxes be higher, as well. When will America listen to this guy, and raise the taxes on the richest?
If Warren Buffett married Jimmy Buffett and adopted a son and named him Buffett, his son would be Buffett Buffett. If they gave him the middle name Buffett, he would be called Buffett Buffett Buffett, and if he ate naked in a cafateria, He'd be Buffett Buffett Buffett in the buff at a buffet. It gives one pause!
I bought Goldman sacks, and AIG I made shit ton money off both of those stocks.
I also have made a crap load on swine flu. I followed Warren Buffets stragety, think logically I figured AIG and Goldman Sacks won't fail, I also figured Swine Flu will become big (Which it is)
Warren Buffet does a lot of great things, but he mostly just makes money. I won't buy stock in a company that I feel is evil because it empowers them and makes the CEOs rich - Warren will.
I like that he tells people to fix the taxes, to fix the stock game, but he's fair game to be criticized, too. I'd like to see him walk the talk a little more. Great power is great responsibility.
Very naive interpretation of the goldman sachs investment. He got a deal that no one else could have gotten in preferred stock with retardedly good dividend payout. He gets paid before other "owners" of the company gets paid. I was so jealous of his deal that I even clipped out an article about this last year in the nyt and taped it to my wall.
Same deal with GE. An investor who follows him with the GE investment will have lost something like 20 percent. But again, preferred stock + g'd return
all those goldman sachs eat lunch together and play golf together, it's all insider trading on a complex scale. It's like the mafia, only with blackberrys.
This "raise taxes" spiel would be more convincing if he were 30 to 50 years old, and would be alive to pay a lot of taxes for a long time. He's an old guy trying to get into heaven. I know people who are more generous with their meager earnings than Buffet could ever be.
Let me guess. Mr. Buffet is going to be paying 15% capital gains on that 3 Billion dollars that he only could have gotten thanks to the government? Yes, he will only be paying capital gains. God, NO ONE should have that kind of money! That's fucking ridiculous! Money making money! What did he do to earn that money? Fucking ridiculous.
I guess that's why he's one of the greatest philanthropists in history and requested the government raise taxes on the super wealthy by a large margin.
Sure, if he gives 70% of that money to charity, I'll be fine. But taxes aren't super high on the super rich, and he probably won't give that much money away.
Yeah, that's precisely why he requested taxes be raised by at LEAST nine percent on the super wealthy. He also gave tens of billion of dollars to the Gates foundation.
Nine. He had gathered some congressmen to tell them that his secretary paid 25% in taxes last year whereas he paid 16% and that congress should fight for higher taxes on the super wealthy.
And I don't see your issue with him having a lot of money. The guy's a genius who donates most of his ready money and fights for social justice.
Yeah, he should fight for higher taxes on the super wealthy. 50-70% for people making over $100M. That's an obscene amount of money, and I don't believe anyone should have that much private wealth. No one works hard enough or helps enough people to have that much. Being born a genius doesn't give you the right to have more money than thousands of people. Now, if he donated 50-70% of his money, I'd be fine with that. But I am doubtful that he donates that much.
Do you really think he was just "born a genius?" The guy has a head for numbers, sure, but he also worked his ass off in school and up the ranks of the financial investor circuit. I think it's completely legitimate to make a lot of money as long as it isn't based on the inherently predatory aspects of capitalism.
Sure, I'm not saying he shouldn't make money! Have at it! But making over $100M is just obscene, no matter how you make it. That's a ridiculous amount of money to have in the hands of one person. If someone making $50,000 works hard, no one works 2000 times harder.
Making money isn't just a measure of how hard you work but the skill that goes into it. He's extremely skilled at what he does.
And why is it obscene? Sure, it's an extreme of capitalism but not an awful one. The awful extremes are when health insurance execs make that much when it's clearly from inflated premiums, dropped clients, and profits being used to maintain such an exploitative system.
Because he is investing in Goldman Sachs, which is a corporation that fucked everything and everyone over. So that's bad. See? That would be like investing in the health industry, which also fucks a lot of people over. And still, it's an obscene amount of money that no one deserves, and it should be taxed at the 60 or 70% level.
actualy waren buffet has contributed alot to the bill and melinda gate's foundation. and he has also pledged the majority of his fortune to that charity when he dies. so like cenk in the video waren thinks in the long term.
Have any of you who are bad-mouthing capitalism even studied economics. Because it seems from reviewing you post that you are ignorant to the inner workings of the system. Hold your agrievances not against the system, but the people who operate within it unfairly. Warren Buffett is an honest investor who simply earned money by putting his knowledge to work.
What do you think Warren Buffet is doing? He lives in a house way below his income level. He drove the same car for over ten years. He's giving away almost all of his money to Bill Gate's charity.
its sad really to even make the argument that capitalism is okwhen 99% of the wealth on your country is in the hands of 1% of the population capitalism when controlled and regulated might be ok if every few years those really rich people ( remember that top 1% with all the money ) didn't keep paying the government obscene amounts of money to change all the regulations or get rid of them completely your country has been in the clutches of Banks and Corporations for years wake up
you all sit here and prattle about Capitalism and Socialism ( they have nothing to do with each other ) some of you blather on about Christianity ( like why even bother?)
just becuase someone understands the market and is a smart businessman doesn't change the fact that Capitalism is detrimental to society its awesome if you do not care that there are these people who are poor and literally die in the streets... as long as its not on your street...
Okay that's it. Fuck Youtube, fuck all of you idiots who spawned from the hells of retardedness that infected this once great website and turned it into a big steaming pile of idiotic crap. Go fuck yourselves and your inane moronic comments.
this is another example of the greatness of capitalism bringing wealth to smart, well informed, and moral christians. this is why the socialist fuhrer obama and the left hates freedom and capitalism, they are not smart, they are ignorant, and they certainly arent moral because their atheists, just like the nazis
That's bullshit, Christianity is not a part of being a good businessman, Atheists can (And often are) be moral, Nazis were Christain AND Capitalist plus Socialism trys to keep the poor and unfortunate from dying because of a lack of Medical Insurance and not having to work so ridicuosly hard to get minimun wage. Really the one who's ignorant is you, dumbass.
Prime example of why I think there should be a cap on how much money one person can have. I guess we'll wait until somebody make a couple trillion while the entire country goes bankrupt before we'll say something.
Not because I really care, but this is not praise, this is focusing on reality.
But I agree, every single capitalist/socialist and/or politician/retard in this world is bussy sucking the cock of their daddy satan. mmmm... satanjuice.
I have to agree, the satan juice should only be used in small amounts.
Warren Buffet is an owner of The West (America/Europe incorporated). He is one of many who should be turned into a delicious smorgassbord of filthy fat rich greasy meat.
I don't care that it is considered "corruption". I see all of them, whatever the law they have made say about them, as juicy meat.
I am sure the starving children of Africa would love some grilled banker beef!
yo your an atheist but you said satan yo your part of his plan man his greatest trick is proving he doesnt exist and he does it by doubting god and being below the radar think!!!!
And Warren Buffet is giving 85% of his $67billion fortune to those starving children of Africa, to pay for food and schools and disease research. He is one of the few of the mega-rich who actually do something good with their money. You shouldn't be lumping him in with many of the other tycoons that are out only for themselves.
Honestly, I think your Goldman Sachs' rationale is quite a bit off.
Granted, it does make a fun web clip, to try and play the situation off as an inside job, where Goldman made sure, through "nefarious means", that no matter what happened they'd come out "fine", but all that does is cover up what really happened, with a story that near everyone is going to see as patently ridiculous.
Do yourself a favor and try and look into the real reason why Buffett's investment payed off.
In all honesty, from what I've been able to read, Buffet's $3 billion payoff is as much a result of doing one's investing homework than it is any deducing of a government conspiracy.
The facts are, in a climate where financial institutions, across the spectrum, were on the brink of falling apart, Goldman Sachs, and maybe JP Morgan, was the only institution, whose future was never in doubt, for the simple fact that, in essence, all their business was practically done, solely, in cash.
In an environment where the availability of credit was THE driving factor in the deaths, failings, and weaknesses of the entire financial sector, Goldman was one of the very few companies who had no real for it, and by doing his research, Buffet knew this, so he made his move on Goldman.
At the time, even though all other investors had access to the same info that Warren was seeing, many of them thought that it was too soon, with things falling apart, to make the move on Goldman.
Buffet made the educated gamble, while nearly all other investors tried to wait till they felt the floor was in place, before the took their gamble.
Buffet's Goldman play, at the time, was seen as a bad buy for the Oracle, but as things began to recover, he's made back his money and more.
With Goldman as strong as it is in the financial sector, they were bound to have money tied in with many companies, including AIG, and with their asset position the way it is, why not?
link? i just didn't hear that, but i don't generally care what buffett has to say, i invest in hard work, not stocks and bond....but i'd love to read what he really said tho.
I hope people realize that the government put more money in Goldman Sachs than Warren Buffet did, however Buffet received more actual shares and benefits. We essentially purchased Goldman shares at above market value and guarenteed to sell them back to Goldman at Goldman's discretion. We were hosed and in no way am I going to congratulate Buffet or anybody else in this situation. It is damn near criminal that the government was guarenteed not to make any return on investment.
That is grand larceny, and these government officials are conspirators. The prior administration began a bloody and murderous campaign to give the wealthy, co-owners of this country outright ownership. They continued that campaign here with the raping and pillaging of this country's economic system. It was basically armed robbery. The loaded gun in our faces was the threat of global economic collapse. And we handed over the cash drawer and gave the combination to the safe.
what motivates these men to keep on making money after they have billions of dollars?? do they not realize that they can't even spend that much on themselves in their lifetime no matter how much they tried?? seriously, i'd keep about 600 million for myself, and than spend the rest trying to rebuild a fuckin african country or something. do they not realize how many millions of lives they could save and improve with that kinda dough? shit whatta waste.
Buffet is one of the most generous men in the world man. He is dedicating 85% of his wealth not to his kids or family, but to the Gates foundation to do exactly what you said: help the African and impoverished communities in the world. He is truly a good person
Seriously 85%? Thats godamn awesome. Thats kinda the goal I have and in the process of achieving... become really rich and then give most of it all away to places its needed. THATS how you do it...for now anyway. Instead of sitting back whining about the evil rich people join them and then give it away working within the system as it exists. IF all people of good conscience did that we would be unstoppable, even in a capitalist system.
You do know just how much of his money he has already given away, right? And you do realize that he will be giving it all away to charity when he dies, right?
What motivates tiger woods to continue to play golf?
What motivated Michael Jordan to play basketball for as long as he did?
What motivates a person to continue to go to work after winning the lottery?
Who knows.
Probably the fact that they can continue to do something that they enjoy doing, and that they're good at, without a care for how much monetary value they get from it.
it's more like war actually. There's risk, there's excitement and there's the distinct possibility of ruin.
Some people get off on that.
That being said this wasn't a risky investment. I did the same thing knowing I could buy GS stocks pennies on the dollar. I now have enough to pay my tuition until I graduate and even a little left over for grad school.
Buffet is arguably the best investor in the history of investing. To him, investing, in a weird way, is a sport.
Everyday, the 'Oracle of Omaha' wakes up, opens IBD and any other publications he reads, and sets out to prove why he's the best investor on the face of the Earth.
How about GS will not go down, because they run their business on a near zero credit level, making near all their transactions in cash or varying cash equivalents.
I know, it's not the greatest conspiracy theory, but it's closer to the truth than anything this video puts forth.
More investors need to be like Warren Buffett, not neccessarily match his profits but his principles. He thinks in long term goals instead of simple short term profits. I am a capitalist through and through. And tomitstube you are an idiot. If you don't like business then stay out of it, nobody needs your uneducated commentary.
lol, don't patronize me you greedy p o s wannabe. these people are billionaires on the backs of people who can't even afford to see a doctor. your capitalism is out of whack and needs to be reigned in big time.
it's capitalism that is consistently being bailed out by our tax dollars so these lazy fucks can rip off americans some more.
the top 5 percent are close to being shown the gallows pole.
it's always a hoot how business people claim integrity while ripping people off.
Buffet doesn't run factories. Buffet doesn't run fast food chains, working people at below minimum wage. Buffet doesn't ravage communities as an oil speculator. Buffet doesn't go out stealing money from people.
So, honestly, whose back has he been build his fortune on?
Buffet, for all the money that he's made, has arguably one of the most sound investment philosophies on this planet, and you thry and demonize him?
Warren Buffet is one of those models of capitalism that I respect. He's a honest guy. And one of the greatest philanthorpists. They demonize him all because they resent him having a lot of money, money that he made through smart sound financial investments. It's basically the age old jealousy of the poor over the rich. Sure, not all rich people are honest and noble. A lot of them are crooks. Warren Buffet is not a crook, yet they demonize him, simply because he has a lot of money.
he even made a point of how he pays less taxes than his secretary in comparison, and though he appears to be an upstanding sort there are others that have been running and hiding their wealth inot foreign banks, but some sheeple love it and love their masters are screwing them
In a quote, where he was making the case for the taxes for the top earners should be raised, in order to ease the burden on the middle class, he was stating that the taxes that he pays, because of the current tax code, amounted to him paying a higher percentage in taxes than his secretary.
How does that make the man evil? Since he actually believes that the wealthy can pay taxes at a higher rate, he must be the 2nd coming of Hitler?
Jewish bankers so obviously control the government.
OldSchopenhauer 2 weeks ago
why do people older than shit have all the cash!
menard98 3 weeks ago
We nned a revolution!
Yankees27u 4 weeks ago
All wealth is relative to the poor... maybe the wealthy have decided to become 'MORE' wealthy by destroying the middle classes entirely...
Why can't we have a "99% party" to vote for?
Where expanding the middle classes is the ONLY priority...
PlanetUbla 3 months ago
Walmart is a pure chinese company... fucking evil bastard of a company....
I really wish this one corporation fell on its ass, just like the bank of fuck you america...
PlanetUbla 3 months ago
This has been flagged as spam show
Looking for serious and hard working people who want to earn good money working on my team. Email me at: foster_236@hotmail.com and I will send you an Eligibility Form to fill out. If all is well then you can start working on my team ASAP!
foster2367 8 months ago
Why aren't they're background check for people in government positions? If I go to jail for fucking children I cant get a job as a school teacher so why can guys who used to work for banks can go and work for the guys who install the brakes on the financial system?
Maxpound 11 months ago
This has been flagged as spam show
Buffett donates millions to Planned Parenthood - largest U.S. abortion clinic that violently slaughters millions of babies
Pls boycott Buffett's Berkshire Hathaway
Lots of info on this topic online - type this in search engine:
1) Warren Buffett Planned Parenthood
2) Gates Foundation Planned Parenthood
3) Planned Parenthood abortion
To see brutality imposed on babies during abortion, visit websites:
1) abortioninstruments
2) abortionNo
3) Abort73 - look at tab "Abort73 Video" - 13th video
ProLifeHelp 1 year ago
This not true. This not the reason why Buffet did Goldman deal. Buffet study the business model first and he has been studying Goldmen Sachs for the past 30 years. Buffet loaned Goldmen 5 billion at 10% with warrents to convert it to common share at certain price in the future. And this has nothing to do with what this guy is tlaking about.
8bahrain 1 year ago
@8bahrain Actually Cenk is right. He just didn't give the whole picture. Warren always looks for a decent margin of safety. The fact that Goldman had so many ex employees within the government was enough surety during hard financial times to make Warren comfortable.
zebbedi 11 months ago
So... this guy is little better than a conspiracy theorist? I was waiting for him to discuss Buffet's financial reasoning, but apparently not.
TMAoD 1 year ago
Comment removed
jimahy1 1 year ago
Comment removed
jimahy1 1 year ago
fat presenter!
you2306 1 year ago
Comment removed
jimahy1 2 years ago
sure
you2306 1 year ago
Idiocy.
nikanj 2 years ago
what warren buffet can see [x-ray eyes] ,,others cant see,,,thats the advantage with warren buffet,,,he tends to swim against popular opinion,,,,
i wish i too had bought a little goldman sachs stock ,,when warren bought it,,,,
23580578H 2 years ago
Yay Warren Buffet !!!! He won a game that was fixed for him to win. What a genius, and he now has more digits in make believe money land. Is Warren Buffet a genius, or are we just really dumb?
jjevans2009 2 years ago
Buffet just bought the Burlington Northern Santa Fe Railway. Wonder how this will turn out.
BurlingtonNorthernRy 2 years ago
Not bad for less than 1 year's work!
dukenthaylor 2 years ago
Take it one step further, Cenk. He ADVISED Obama Administration on that move! REALLY smart!
dukenthaylor 2 years ago
This comment has received too many negative votes show
Warren Buffet is pure scum..and a huge part of the problem
trexx32 2 years ago
Warren understands value,and value my friends is king in this and every market condition whether you'd like to see that or not.I really do feel hes a genius simply because he uses the people and their narrow minded predictability to his ultimate advantage.
rainin 2 years ago
But AIG HAD TO pay off Goldman Sachs. They owed money to Goldman Sachs and since AIG wasn't declared bankrupt they had to pay off AIG's debts which include the debt to Goldman Sachs. If the government let AIG fail they could have had a judge maybe get rid of the debts (doubtful though).
demexii1 2 years ago
What I've never understood as regards supply and demand with shares is this.
So a big hedge fund or bank sees Goldman Sachs, for example, is going to go up (they predict it using their analysts or whoever) so they buy 100 million of its 500 million shares at $100.
The quoted price hits $200 so they decide to sell, surely releasing 100 million shares (i.e. 20% of them) onto the market would cause the price to crash?
Plus who would take $20 billion worth of shares of you, who could afford to?
theporksicle 2 years ago
Well from what i have understood,the shareholder holding that 20% would release it as the market kept rising;your right who would buy up those shares(in a bear market).A bull market is a whole other story.
Also the company of conversation has alot to do with whether or not that company would keep rising.
The dot-com bubble made everyone just a little wiser.
rainin 2 years ago
Indeed, although some stock seems to rise in price exponentially, proportionate to the health and earnings of the company. There's no logical reason for the drastic jumps in share price or the view that 'what goes up must come down'.
Yes I guess it makes sense that selling off 20% of a company like GS would take a while.
So everyone can gain from the stock market, if people didn't try to second guess the market, if people were happy with a reasonable return.
theporksicle 2 years ago
reasonable return!
I dont think so because you fail to realize that we(humans)are greedy by nature.We're on a never ending quest for more.
rainin 2 years ago
Well, Buffett seems happy to buy under just about any market conditions, I've heard people accuse him of only performing well in a bull market, and predicting he will fail in a bear market, although this seems to be evidence to the contrary.
Did the dot-com bubble make everyone wiser? Just yesterday I read in the Daily Telegraph (so hardly a tabloid, trashy newspaper) that Twitter, which has never even made a profit, is valued at $1 billion, twice what Dominos pizza is worth???
theporksicle 2 years ago
Nice try. Warren Buffet lost more money than anyone else on the planet this year. 10billion to be exact. This according to the forbes 500.
scottie1f 2 years ago
Yes $10 billion, but some of that's on shares he bought prior to the financial collapse and plus he has a lot to lose, Berkshire Hathaway has $210 billion in assets according to its last annual report.
theporksicle 2 years ago
Well i would imagine twitter being worth that much is simply because of the many advertisers knocking down their door in order to take up ad space.There is a high traffic volume and that my friend means potential profit.
rainin 2 years ago
Instead of congratulating Buffett, you should be outraged that the gov paid them off with our money.
christo930 2 years ago
neither can they, and the decision making is up to the government, which we only get to choose who makes the decisions.
ilikemike987 2 years ago
once again, income tax - CNN showed that 2/3 or US corporations didn't pay ANY income tax - time to start making those that make the most money pay their share of taxes - not to mention how CEOs and other corporate executives seem to think that shareholders shouldn't have ANY say in their compensation - wanna bet shareholders wouldn't allow these multi million dollar payouts for executives who are incompetent?
macspectrum 2 years ago
simple solution to all this bullsh*t - bring back the income tax rate that was in effect for America's righest under Eisenwhower 90% - health care solved - infrastructure solved - retirement solved - the biggest lie / crime perpetrated against the American people was the gross reduction in income tax for America's richest 1% who now just happen to own MORE THAN the bottom 95% - bring back most of the tax breaks and all the financial problems are solved
macspectrum 2 years ago
you got my vote mac. "1% owns more than 95% of the population". this isn't a democracy, it's more like the dark ages.
how about some regulation to keep the playing field level? enough of the monopoly manipulation. nothing will change unless people wake up and realize this system sucks, and that they're getting cheated every goddamn day of the year.
tomitstube 2 years ago
That's smart. He knew the rules of the game and the players in the game, so he put a huge gamble down on the table, knowing that he would win big.
So Warren Buffet, in the end, put 2 and 2 together, and came out with 3,000,000,000.
Suzaku000 2 years ago
warren buffet gamble on wall street? hahahahahahahahaha
tomitstube 2 years ago
There are allegations that Warren Buffet participated in a child prostitute ring, involving the Reagan and Bush White House in the 1980s and 90s. This is not one of these crazy conspiracy theories but there are actual witnesses to these things. Look for the "Conspiracy of Silence" video on Youtube. He isn't explicitly mentioned in the video but in the book.
coldice76stromberg 2 years ago
BS its the white devil inside you talking.
rickgreat 2 years ago
so... we (the tax payers) give goldman sucks 13 billion dollars, buffett steps in and takes 3 billion for himself... and michael moore asking for the money back is considered a "nut"...?!
if anyone thinks we live in a democracy, you need to wake up, it's a biblical corpocracy. the top 5% have more money than all the rest of us combined. democracy? it's more similar to an old european feudal system.
don't believe me? just watch repubs and conservadems protect the insurance monopoly?
tomitstube 2 years ago
Read "Conspiracy of the Rich" by Robert Kiyosaki. It's one of the best books that I have ever read. Ron Paul and Jesse Ventura - 2012!
Lingerfoot 2 years ago
i will read it. ron paul is not the answer, he may look great on a stage full of republicans, but his economics of complete deregulation is exactly why we are in this mess.
i can't believe anyone still thinks letting business having their way will lead to them doing anything for the greater good. it's like (einstein) "doing the same thing over and over and expecting a different result".
tomitstube 2 years ago
i wonder how many more billions he would've made if he bought it at the bottom
Finiras 2 years ago 2
Good!
sussy3829 2 years ago
nice!
sussy3829 2 years ago
Warren buffet literally loses and makes hundreds of millions(if not billions) of dollars everyday, 3 billion isn't that much to him.
imanerd36 2 years ago
Warren Buffet & Bill Gates, the richest guys in the world, are the greatest people too. Most of their wealth is going into the Gates Foundation, an organization that I feel will get alot of shit done in this century.
Also, Warren always asks that his taxes be higher, as well. When will America listen to this guy, and raise the taxes on the richest?
pokemanz 2 years ago 2
If Warren Buffett married Jimmy Buffett and adopted a son and named him Buffett, his son would be Buffett Buffett. If they gave him the middle name Buffett, he would be called Buffett Buffett Buffett, and if he ate naked in a cafateria, He'd be Buffett Buffett Buffett in the buff at a buffet. It gives one pause!
chuckdee121 2 years ago 30
You're a lunatic! =)
AlizarinRipley 2 years ago
"It gives one pause!" haha
DrearyDreamz 2 years ago
@chuckdee121
How did u come up with this rubbish? Wasted 5 seconds of my life reading.
HoSayLiaoLah 7 months ago
cenk! if you talk about goldman sachs like that, you will never get a job at msnbc.
proximo20 2 years ago 3
Warren Buffett's the man!!!
The second richest man in America and you would never know it by the way he lives is life!!!
redrocker1055 2 years ago 2
Good Video
sussy3829 2 years ago
interesting!
soumya142 2 years ago
I bought Goldman sacks, and AIG I made shit ton money off both of those stocks.
I also have made a crap load on swine flu. I followed Warren Buffets stragety, think logically I figured AIG and Goldman Sacks won't fail, I also figured Swine Flu will become big (Which it is)
AcidDaBomb 2 years ago
ya i made a killing on that shits
TrollCrusha058 2 years ago
Warren Buffet does a lot of great things, but he mostly just makes money. I won't buy stock in a company that I feel is evil because it empowers them and makes the CEOs rich - Warren will.
I like that he tells people to fix the taxes, to fix the stock game, but he's fair game to be criticized, too. I'd like to see him walk the talk a little more. Great power is great responsibility.
TheGiantRobot 2 years ago
Very naive interpretation of the goldman sachs investment. He got a deal that no one else could have gotten in preferred stock with retardedly good dividend payout. He gets paid before other "owners" of the company gets paid. I was so jealous of his deal that I even clipped out an article about this last year in the nyt and taped it to my wall.
Same deal with GE. An investor who follows him with the GE investment will have lost something like 20 percent. But again, preferred stock + g'd return
worldsavy 2 years ago
all those goldman sachs eat lunch together and play golf together, it's all insider trading on a complex scale. It's like the mafia, only with blackberrys.
hotneo7 2 years ago 2
This "raise taxes" spiel would be more convincing if he were 30 to 50 years old, and would be alive to pay a lot of taxes for a long time. He's an old guy trying to get into heaven. I know people who are more generous with their meager earnings than Buffet could ever be.
wildgift2 2 years ago 2
Let me guess. Mr. Buffet is going to be paying 15% capital gains on that 3 Billion dollars that he only could have gotten thanks to the government? Yes, he will only be paying capital gains. God, NO ONE should have that kind of money! That's fucking ridiculous! Money making money! What did he do to earn that money? Fucking ridiculous.
atlant80 2 years ago
It's unlikely that he'll pay 15% on the dollar capital gains tax. Chances are he'll keep the stock and borrow off it to create more investments.
zogg18 2 years ago
I guess that's why he's one of the greatest philanthropists in history and requested the government raise taxes on the super wealthy by a large margin.
Sardonac 2 years ago
Sure, if he gives 70% of that money to charity, I'll be fine. But taxes aren't super high on the super rich, and he probably won't give that much money away.
atlant80 2 years ago
Yeah, that's precisely why he requested taxes be raised by at LEAST nine percent on the super wealthy. He also gave tens of billion of dollars to the Gates foundation.
Sardonac 2 years ago
Nine, or ninety?
atlant80 2 years ago
Nine. He had gathered some congressmen to tell them that his secretary paid 25% in taxes last year whereas he paid 16% and that congress should fight for higher taxes on the super wealthy.
And I don't see your issue with him having a lot of money. The guy's a genius who donates most of his ready money and fights for social justice.
Sardonac 2 years ago
Yeah, he should fight for higher taxes on the super wealthy. 50-70% for people making over $100M. That's an obscene amount of money, and I don't believe anyone should have that much private wealth. No one works hard enough or helps enough people to have that much. Being born a genius doesn't give you the right to have more money than thousands of people. Now, if he donated 50-70% of his money, I'd be fine with that. But I am doubtful that he donates that much.
atlant80 2 years ago
Do you really think he was just "born a genius?" The guy has a head for numbers, sure, but he also worked his ass off in school and up the ranks of the financial investor circuit. I think it's completely legitimate to make a lot of money as long as it isn't based on the inherently predatory aspects of capitalism.
Sardonac 2 years ago
Sure, I'm not saying he shouldn't make money! Have at it! But making over $100M is just obscene, no matter how you make it. That's a ridiculous amount of money to have in the hands of one person. If someone making $50,000 works hard, no one works 2000 times harder.
atlant80 2 years ago
Making money isn't just a measure of how hard you work but the skill that goes into it. He's extremely skilled at what he does.
And why is it obscene? Sure, it's an extreme of capitalism but not an awful one. The awful extremes are when health insurance execs make that much when it's clearly from inflated premiums, dropped clients, and profits being used to maintain such an exploitative system.
Sardonac 2 years ago
Because he is investing in Goldman Sachs, which is a corporation that fucked everything and everyone over. So that's bad. See? That would be like investing in the health industry, which also fucks a lot of people over. And still, it's an obscene amount of money that no one deserves, and it should be taxed at the 60 or 70% level.
atlant80 2 years ago 2
he donates close to 40%... which is a lot but does he really need that 60% i dont think so
EPBaseballer14 2 years ago
actualy waren buffet has contributed alot to the bill and melinda gate's foundation. and he has also pledged the majority of his fortune to that charity when he dies. so like cenk in the video waren thinks in the long term.
wessiderider187 2 years ago
he does, that is smart of him to invest in that
shaochiavang 2 years ago
Woah that guy was smart!
geminielf7 2 years ago
Well that makes sense.
Great work Mr Buffet
imbeachasbro 2 years ago
congratulations Warren Buffett!
charliebubblesoar 2 years ago
This comment has received too many negative votes show
Warren was on the inside. He orchestrated in part the timing of the crash to affect the election. You liberals are so blind.
NCCAJAX 2 years ago
Have any of you who are bad-mouthing capitalism even studied economics. Because it seems from reviewing you post that you are ignorant to the inner workings of the system. Hold your agrievances not against the system, but the people who operate within it unfairly. Warren Buffett is an honest investor who simply earned money by putting his knowledge to work.
MrJLT3 2 years ago
This is what I hate about Capitalism!!! With that money we can invest in education, jobs, and food for everyone!! Death to capitalism!!
cerritoboy 2 years ago
u just mad cause u aint do it. stop hatin. life aint fair
fjackson90 2 years ago
Neither is your mom but people still can fix her with a simple bag over the head.
SleepySkeptic 2 years ago
wow ur a failure
fjackson90 2 years ago
Your mom's dental work was a failure.
SleepySkeptic 2 years ago
@Cerritoboy
What do you think Warren Buffet is doing? He lives in a house way below his income level. He drove the same car for over ten years. He's giving away almost all of his money to Bill Gate's charity.
How is that not helping people?
TheBlackMage3 2 years ago 2
he just e-jealous that Cerritoboy did not get any of Mr Buffets proceeds.
imbeachasbro 2 years ago
its sad really to even make the argument that capitalism is okwhen 99% of the wealth on your country is in the hands of 1% of the population capitalism when controlled and regulated might be ok if every few years those really rich people ( remember that top 1% with all the money ) didn't keep paying the government obscene amounts of money to change all the regulations or get rid of them completely your country has been in the clutches of Banks and Corporations for years wake up
phoboskitty 2 years ago 3
you all sit here and prattle about Capitalism and Socialism ( they have nothing to do with each other ) some of you blather on about Christianity ( like why even bother?)
just becuase someone understands the market and is a smart businessman doesn't change the fact that Capitalism is detrimental to society its awesome if you do not care that there are these people who are poor and literally die in the streets... as long as its not on your street...
phoboskitty 2 years ago 2
Okay that's it. Fuck Youtube, fuck all of you idiots who spawned from the hells of retardedness that infected this once great website and turned it into a big steaming pile of idiotic crap. Go fuck yourselves and your inane moronic comments.
JCMac777 2 years ago
no u
shadowcnidarian 2 years ago
This has been flagged as spam show
this is another example of the greatness of capitalism bringing wealth to smart, well informed, and moral christians. this is why the socialist fuhrer obama and the left hates freedom and capitalism, they are not smart, they are ignorant, and they certainly arent moral because their atheists, just like the nazis
tehant1liberal 2 years ago
Capitalism has nothing to do with Christianity or morality. Go fuck yourself.
JCMac777 2 years ago
That's bullshit, Christianity is not a part of being a good businessman, Atheists can (And often are) be moral, Nazis were Christain AND Capitalist plus Socialism trys to keep the poor and unfortunate from dying because of a lack of Medical Insurance and not having to work so ridicuosly hard to get minimun wage. Really the one who's ignorant is you, dumbass.
DrShlub 2 years ago 2
tehant1liberal: You fucking douchebag.
Silberdachs 2 years ago
errrr.... isn't Warren Buffet an atheist? >.>
astrayengel 2 years ago
Prime example of why I think there should be a cap on how much money one person can have. I guess we'll wait until somebody make a couple trillion while the entire country goes bankrupt before we'll say something.
Ramel34 2 years ago
The rich keep getting richer on our dime. Should I hang myself now, or wait awhile?
audadvnc 2 years ago 2
Buffet bought those shares only because they were offered to him at an extremely low risk, though.
If anyone else wanted them, they wouldn't get the same offer.
Not saying that that makes him a bad investor, but he can manage his risks.
chrisknows 2 years ago
Comment removed
avl39563 2 years ago
Sorry, it's hard to hear you through your sour-grape-victim accent.
billyshake 2 years ago
Comment removed
avl39563 2 years ago
You should do your darnest to make at least some sense in your comments, little boy.
billyshake 2 years ago
Comment removed
avl39563 2 years ago
grape-victim? You mean like Grape Lady?
beriukay 2 years ago
Not because I really care, but this is not praise, this is focusing on reality.
But I agree, every single capitalist/socialist and/or politician/retard in this world is bussy sucking the cock of their daddy satan. mmmm... satanjuice.
This world is fucked. xD
GnosticAtheist 2 years ago
Comment removed
avl39563 2 years ago
I have to agree, the satan juice should only be used in small amounts.
Warren Buffet is an owner of The West (America/Europe incorporated). He is one of many who should be turned into a delicious smorgassbord of filthy fat rich greasy meat.
I don't care that it is considered "corruption". I see all of them, whatever the law they have made say about them, as juicy meat.
I am sure the starving children of Africa would love some grilled banker beef!
GnosticAtheist 2 years ago
yo your an atheist but you said satan yo your part of his plan man his greatest trick is proving he doesnt exist and he does it by doubting god and being below the radar think!!!!
jonahda0mega 2 years ago
Maybe you should go back to school so I can figure out what it is you are trying to say.
As a Non-English speaker, I really need for people to actually speak English, not Urdu, or what it is you are trying to parrot.
GnosticAtheist 2 years ago
Also, the greatest trick God did was to create Satan, so he could not be blamed for all of his utter evil.
God is the most evil, distructive force of all. Satan is his lapdog. Together they are... The A(lpha-omega)-team!
GnosticAtheist 2 years ago
wow u know your wrong
jonahda0mega 2 years ago
it was a joke. Seriously. 0_o
GnosticAtheist 2 years ago
And Warren Buffet is giving 85% of his $67billion fortune to those starving children of Africa, to pay for food and schools and disease research. He is one of the few of the mega-rich who actually do something good with their money. You shouldn't be lumping him in with many of the other tycoons that are out only for themselves.
mw2000 2 years ago
I don't believe in that. They are beasts. If they do good it is because they are parroting humans. 8D
GnosticAtheist 2 years ago
And, Goldensacks gave money to Barack Obamas campaign
(100 cents on the dollar so every dollar gets you another dollar (WOW))
TheFunkyDomination 2 years ago
Very nice, Buffet, a round of applause.
DJKatAnimated 2 years ago
What does Buffet do with all that money? Does ge get laid a lot at least? supermodels?
elperverto7 2 years ago 2
he has a hot piece of ass wife that is 89 years old ;)
wtf12man 2 years ago
she died!
2letyouknow 2 years ago
Honestly, I think your Goldman Sachs' rationale is quite a bit off.
Granted, it does make a fun web clip, to try and play the situation off as an inside job, where Goldman made sure, through "nefarious means", that no matter what happened they'd come out "fine", but all that does is cover up what really happened, with a story that near everyone is going to see as patently ridiculous.
Do yourself a favor and try and look into the real reason why Buffett's investment payed off.
scipio2009 2 years ago
In all honesty, from what I've been able to read, Buffet's $3 billion payoff is as much a result of doing one's investing homework than it is any deducing of a government conspiracy.
The facts are, in a climate where financial institutions, across the spectrum, were on the brink of falling apart, Goldman Sachs, and maybe JP Morgan, was the only institution, whose future was never in doubt, for the simple fact that, in essence, all their business was practically done, solely, in cash.
scipio2009 2 years ago
In an environment where the availability of credit was THE driving factor in the deaths, failings, and weaknesses of the entire financial sector, Goldman was one of the very few companies who had no real for it, and by doing his research, Buffet knew this, so he made his move on Goldman.
At the time, even though all other investors had access to the same info that Warren was seeing, many of them thought that it was too soon, with things falling apart, to make the move on Goldman.
scipio2009 2 years ago
Buffet made the educated gamble, while nearly all other investors tried to wait till they felt the floor was in place, before the took their gamble.
Buffet's Goldman play, at the time, was seen as a bad buy for the Oracle, but as things began to recover, he's made back his money and more.
With Goldman as strong as it is in the financial sector, they were bound to have money tied in with many companies, including AIG, and with their asset position the way it is, why not?
scipio2009 2 years ago
well there's ya problem, you got some Sachs in here.
DanoDanny 2 years ago
that's why he has more money than you and I to begin with
tyuiop900 2 years ago
Cenk sorry but you are wrong. Buffett invested in Goldman based on fundamental valuation. He clearly stated this.
Buffet knows that investing based on crony political collusion is too risky. Note Kenneth Lay, Bernie Ebbers, Milken, etc.
Why risk billions if pending litigation wipes out the firm?
swankrecords 2 years ago
right lolol
sgsfdgfsdfsdfsddf 2 years ago
Buffet knew the bush administration has a penchant for corruption.
And where was the Bush WH Secretary from?
qwertywxyz 2 years ago
Buffett admitted that he bought Goldman Sachs too soon.
swankrecords 2 years ago
link? i just didn't hear that, but i don't generally care what buffett has to say, i invest in hard work, not stocks and bond....but i'd love to read what he really said tho.
TabbiBmore 2 years ago
I wish i had 3 Billion US$.
DarkPractitioner 2 years ago
i don't give him credit. as i recall, he was one of the many people clamoring to make sure the bailout got passed. i fucking wonder why.
wongdor 2 years ago
I hope people realize that the government put more money in Goldman Sachs than Warren Buffet did, however Buffet received more actual shares and benefits. We essentially purchased Goldman shares at above market value and guarenteed to sell them back to Goldman at Goldman's discretion. We were hosed and in no way am I going to congratulate Buffet or anybody else in this situation. It is damn near criminal that the government was guarenteed not to make any return on investment.
myfutureme 2 years ago
You have to buy low, sell high. That is it. He knew Goldman Sachs was not as unviable as everybody thought it was.
He kept his head when all around were losing theirs.
dangerouslytalented 2 years ago
He still managed to lose around 20 billion dollars. Granted, it's been a bad few years but I think this is minor conselation.
howlinggoat 2 years ago
That is grand larceny, and these government officials are conspirators. The prior administration began a bloody and murderous campaign to give the wealthy, co-owners of this country outright ownership. They continued that campaign here with the raping and pillaging of this country's economic system. It was basically armed robbery. The loaded gun in our faces was the threat of global economic collapse. And we handed over the cash drawer and gave the combination to the safe.
AlmostGolden 2 years ago
what motivates these men to keep on making money after they have billions of dollars?? do they not realize that they can't even spend that much on themselves in their lifetime no matter how much they tried?? seriously, i'd keep about 600 million for myself, and than spend the rest trying to rebuild a fuckin african country or something. do they not realize how many millions of lives they could save and improve with that kinda dough? shit whatta waste.
chefawkes 2 years ago
Buffet is one of the most generous men in the world man. He is dedicating 85% of his wealth not to his kids or family, but to the Gates foundation to do exactly what you said: help the African and impoverished communities in the world. He is truly a good person
Toxxic88 2 years ago 4
lol easy to give when you are so rich
sgsfdgfsdfsdfsddf 2 years ago
"...He is dedicating 85% of his wealth..."
Seriously 85%? Thats godamn awesome. Thats kinda the goal I have and in the process of achieving... become really rich and then give most of it all away to places its needed. THATS how you do it...for now anyway. Instead of sitting back whining about the evil rich people join them and then give it away working within the system as it exists. IF all people of good conscience did that we would be unstoppable, even in a capitalist system.
nijaexhile3 2 years ago
You do know just how much of his money he has already given away, right? And you do realize that he will be giving it all away to charity when he dies, right?
Andolyed 2 years ago
What motivates tiger woods to continue to play golf?
What motivated Michael Jordan to play basketball for as long as he did?
What motivates a person to continue to go to work after winning the lottery?
Who knows.
Probably the fact that they can continue to do something that they enjoy doing, and that they're good at, without a care for how much monetary value they get from it.
scipio2009 2 years ago
who goes to work after winning the lottery, unless they still need the money
daw329 2 years ago
I'd still work if I won the lotto.
Working is for social, physical and mental benefits when money doesn't play a factor, and to be in touch with reality and societal norms.
JCYK90 2 years ago
but investing is all about monetary gain. not like playing a sport
chefawkes 2 years ago
it's more like war actually. There's risk, there's excitement and there's the distinct possibility of ruin.
Some people get off on that.
That being said this wasn't a risky investment. I did the same thing knowing I could buy GS stocks pennies on the dollar. I now have enough to pay my tuition until I graduate and even a little left over for grad school.
OrbisFerrum 2 years ago 2
Buffet is arguably the best investor in the history of investing. To him, investing, in a weird way, is a sport.
Everyday, the 'Oracle of Omaha' wakes up, opens IBD and any other publications he reads, and sets out to prove why he's the best investor on the face of the Earth.
scipio2009 2 years ago 2
I think he is the richest person in the world now.
RisingToGreatness 2 years ago
gs was a good buy because they will not go down as long as they are in bed with the gov't
was thinking the same thing
6enlighten9 2 years ago
lol
How about GS will not go down, because they run their business on a near zero credit level, making near all their transactions in cash or varying cash equivalents.
I know, it's not the greatest conspiracy theory, but it's closer to the truth than anything this video puts forth.
scipio2009 2 years ago
Buffett is a genius, I really envy the man.
Toxxic88 2 years ago
More investors need to be like Warren Buffett, not neccessarily match his profits but his principles. He thinks in long term goals instead of simple short term profits. I am a capitalist through and through. And tomitstube you are an idiot. If you don't like business then stay out of it, nobody needs your uneducated commentary.
MrJLT3 2 years ago 3
lol, don't patronize me you greedy p o s wannabe. these people are billionaires on the backs of people who can't even afford to see a doctor. your capitalism is out of whack and needs to be reigned in big time.
it's capitalism that is consistently being bailed out by our tax dollars so these lazy fucks can rip off americans some more.
the top 5 percent are close to being shown the gallows pole.
it's always a hoot how business people claim integrity while ripping people off.
tomitstube 2 years ago 5
Whose backs has Buffet built his fortune off of?
Buffet doesn't run factories. Buffet doesn't run fast food chains, working people at below minimum wage. Buffet doesn't ravage communities as an oil speculator. Buffet doesn't go out stealing money from people.
So, honestly, whose back has he been build his fortune on?
Buffet, for all the money that he's made, has arguably one of the most sound investment philosophies on this planet, and you thry and demonize him?
scipio2009 2 years ago 3
Warren Buffet is one of those models of capitalism that I respect. He's a honest guy. And one of the greatest philanthorpists. They demonize him all because they resent him having a lot of money, money that he made through smart sound financial investments. It's basically the age old jealousy of the poor over the rich. Sure, not all rich people are honest and noble. A lot of them are crooks. Warren Buffet is not a crook, yet they demonize him, simply because he has a lot of money.
JCMac777 2 years ago 2
not actually demonize him, but he has shown he pays less than his fair share
goldgrif 2 years ago
"not actually demonize him, be he has shown he pays less than his fair share"
lol
scipio2009 2 years ago
he even made a point of how he pays less taxes than his secretary in comparison, and though he appears to be an upstanding sort there are others that have been running and hiding their wealth inot foreign banks, but some sheeple love it and love their masters are screwing them
goldgrif 2 years ago
lol
In a quote, where he was making the case for the taxes for the top earners should be raised, in order to ease the burden on the middle class, he was stating that the taxes that he pays, because of the current tax code, amounted to him paying a higher percentage in taxes than his secretary.
How does that make the man evil? Since he actually believes that the wealthy can pay taxes at a higher rate, he must be the 2nd coming of Hitler?
WTF?
scipio2009 2 years ago
Honestly, you're embarrassing yourself
scipio2009 2 years ago
hmm I think either i am misstating or your misunderstanding I was saying he wasnt a demon, lol
goldgrif 2 years ago
so... you have no problem with someone "getting", $3 billion off a company that took a $13 billion bailout, that also paid out 14 billion in bonuses?
and this 3 billion is just free money and no one gets hurt?
and this is how capitalism is supposed to work?
you realize the median wage went down $2,500 in 2008? and the gap between the rich and the middle class/poor increased? again.
it's like cows being led to slaughter.
tomitstube 2 years ago 2
If you even had one iota of knowledge about how investing actually works, you wouldn't ask such a stupid question.
simple as that
scipio2009 2 years ago
you claim to know so much, but don't really back it up.
i know that investing is a rigged game. al capone once said, these guys on wall street are crooks, the '29 collapse wasn't long after.
so how do investors make money when they win, and make money win they lose?
companies go belly up, and guys walk away with billions...
and how does someone like buffet make 3 billion after the company was on the brink of collapse?
meanwhile, real jobs are being lost at record rates?
tomitstube 2 years ago