Just watched on CNBC an interview with three oracles who have been quite successful in their ability to make gobs of money. They were questioned on many topics ... from bitcoins to autonomous cars. The three oracles were Warren Buffet and Charlie Munger of Berkshire Hathaway ... and Bill Gates of Microsoft fame. The back and forth among these three suggested answers to most of the world's conundrums ... mostly with good humor and humility.
However, before we unwashed believe that this trio have all the answers, please remember the following:
- Warren Buffet was one of the biggest supporters of Hillary Clinton for president
- Charlie Munger believes that single-payer healthcare is the answer to our spiraling medical costs
- Bill Gates believes that man-made global warming is one of the world's biggest problems
Now, one or two of these oracles might turn out to be right, but I strongly doubt all thre have the answers.
6 comments:
Bill and Charlie are right.
Warren can support who he likes but I don't get that he put gobs of money behind Clinton's campaign. I'd have expected him to be more of a Kasich fan.
I wanted to record the show this morning but did not schedule it. Dang!
You know my feelings about global warming S. Munger said Singapote has better health care at 20% of our cost. He forgets that the Singapore has no illegal immigration or drug problems ... and end of life is not drawn out end of life period.
To approach Singapore's healthcare percentage we would have to change our culture. Idoubt we would accept this (even Munger).
The page https://www.marketwatch.com/story/heres-how-warren-buffetts-stock-picks-for-berkshire-hathaway-have-performed-in-2018-2018-05-03 shows that a lot of Warren's losers for 2018 are pharma and insurance.
If USA did not have pharma ads on TV and for-profit health insurance, costs would plummet. Think Medicare for al1 !!
PJ o'Routke -- If you think medical care is expensive now, wait until it's free.
Post a Comment