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Warren Buffett Money Tips [Pic]

Hits: 15744 | Rating: (3.0) | Category: Misc. | Added by: kitteh9lives
Page: 1 2 Next >   Jump to: Bottom    Last Post
MrPeabody
Male, 30-39, Eastern US
 1795 Posts
Wednesday, January 30, 2013 8:58:00 PM
@klaxor

There are poor people everywhere, even in America. It still does not negate the fact that in India it is possible to move up socially. The caste system there is even going away (granted not completely).


Baalthazaq
Male, 18-29, Asia
 4753 Posts
Tuesday, January 22, 2013 10:18:41 PM
Flinker, if you want to follow the American dream, leave America.

Social Mobility is higher in France... and Germany, Sweden, Canada, Finland, Norway.

The most important factor in the USA for how successful you are, is were your parents successful.


robthelurker
Male, 18-29, Canada
 2101 Posts
Friday, January 18, 2013 7:37:46 PM
heres my money tip, keep it all stashed in bag under your mattress, i dont trust the digital age.

klaxor
Male, 18-29, Western US
 647 Posts
Thursday, January 17, 2013 10:34:39 AM
Yea, the American dream means everyone has a chance. In India, there are huge portions of the population that are born and will never have a chance. Corruption, Caste system, and poverty cycles. It's not a "mix". There are huge disparities in standards of living across the country.

But hey, maybe they should try harder, right Finker

Finker
Male, 40-49, Europe
 506 Posts
Thursday, January 17, 2013 6:22:21 AM
India seems to have
a mix

Finker
Male, 40-49, Europe
 506 Posts
Thursday, January 17, 2013 6:17:45 AM
@klaxor, I thought the whole point of the American Dream was that you could, not that it automatically meant wealth for everyone and there was no powerty. Thanks for enlightening me.

dmoltrup
Male, 30-39, Eastern US
 153 Posts
Wednesday, January 16, 2013 9:27:45 PM
Warren Buffett bought his house for $31,500 in 1958.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, January 16, 2013 8:24:54 PM
@MrPeabody, wow... really? please tell me more



MrPeabody
Male, 30-39, Eastern US
 1795 Posts
Wednesday, January 16, 2013 2:04:39 PM
"If he were born in say India do you think his odds would've been the same?"

Actually India is a bad example, because it is quite possible to live the old (non Obama) 'American Dream' in India.

INFOSYS started in 1981 by 7 people in a small room with $250 is now a $7 billion+ dollar company, and those 7 people are now very rich.

About INFOSYSINFOSYS

MacGuffin
Female, 30-39, Europe
 2597 Posts
Wednesday, January 16, 2013 11:45:08 AM
What are his thoughts on yellow snow?

pompousass7
Male, 40-49, Canada
 261 Posts
Wednesday, January 16, 2013 10:03:56 AM
i bet if you moved to india you would be considered rich LOL

sosueme1966
Male, 40-49, Eastern US
 411 Posts
Wednesday, January 16, 2013 10:03:37 AM
Warren Buffett is pretty awesome...his office has about 50 employees andrto the best of my knowledge he only paid 250,000 for his house (give or take a 100k or two).

He lives in Omaha. That may be the most expensive house available.

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Wednesday, January 16, 2013 9:52:53 AM
then why are you not rich?

My father didn't own a stock brokerage.

klaxor
Male, 18-29, Western US
 647 Posts
Wednesday, January 16, 2013 9:38:03 AM
He definitely seems not as arrogant as other Uber rich, but the money that he made came from investment. He gave companies money, those companies grew, and they paid him back with the money from their growth. Now that "growth" money is just... there... It's wasted potential. And he's still just collecting economic growth.

He also stated that he is going to give the huge bulk of his money to The Buffet Foundation, which then gives his money to other foundations. Essentially a middle man company run by Alan Greenspan, where some of the money gets lost in admin costs. Why not give it to the Red Cross?

Also, charities are nice, but jobs would be better. (teach a man to fish).

I don't have an issue with Buffet, but I wouldn't say that I "like" him more than some other random guy. He could be an ass in his private life for all I know. Didn't he disown his granddaughter a while back?

pompousass7
Male, 40-49, Canada
 261 Posts
Wednesday, January 16, 2013 9:28:11 AM
then why are you not rich?

IRockYeah
Male, 30-39, Europe
 2460 Posts
Wednesday, January 16, 2013 9:09:32 AM
Well there's some handy tips I didn't know about. Thanks.

Issame
Female, 30-39, Eastern US
 112 Posts
Wednesday, January 16, 2013 8:45:30 AM
I gotta wonder if Mr. Buffet doesn't actually own anything he bought that he doesn't *need*.

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Wednesday, January 16, 2013 8:39:59 AM
the u.s. did not make him rich...he made himself rich


Not according to Obama. If he were born in say India do you think his odds would've been the same?

pompousass7
Male, 40-49, Canada
 261 Posts
Wednesday, January 16, 2013 8:33:06 AM
the u.s. did not make him rich...he made himself rich

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Wednesday, January 16, 2013 6:49:21 AM
Also, he initiated the giving pledge, encouraging the top billionaires to give away %50 of their wealth, whom many have signed.


Which translates to help a thrid world country remain a s**thole and leave the place that made you filthy rich to rot.

McGovern1981
Male, 30-39, Eastern US
 13145 Posts
Wednesday, January 16, 2013 6:47:45 AM
like bill gates, he's pledged to give away 98% of his wealth over the next few years.


I'm accepting donations for a tropical island!!

Canoas
Male, 18-29, Europe
 429 Posts
Wednesday, January 16, 2013 4:32:58 AM
"To sum up - Have more money than you need. Brilliant."
most people have more money than they need, they just use it on the things they don't need instead of saving, so when poo goes down they have nothing left.

thubanstar
Female, 40-49, Southern US
 803 Posts
Wednesday, January 16, 2013 3:45:13 AM
Warren Buffet is a rare breed of rich person. He seems very in touch with the common man. He also has lived in the same very modest home for several decades.

I like him.

tedgp
Male, 30-39, Europe
 3283 Posts
Wednesday, January 16, 2013 1:43:05 AM
@klaxor, like bill gates, he's pledged to give away 98% of his wealth over the next few years.

scruffydog
Male, 40-49, Europe
 9 Posts
Wednesday, January 16, 2013 1:23:15 AM
To sum up - Have more money than you need. Brilliant.

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