Warren Buffett Is having trouble finding acquisitions: Too many private equity players with too much cash “drunk” on low interest rates. Perhaps we have a sign that we’ve hit that fragile state when everything has to go right or it all goes wrong?https://apple.news/AhsaZFtaeQbKZXtXdp500WA …
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No one who had any experience with running an organization of any complexity would opine that profits were guaranteed. Also, any corporate cronyism is too much corporate cronyism, but painting every successful investor with that brush is lazy thinking.
You're right but profits not being guaranteed, however it seems like you're missing my general point here. I didn't accuse him of cronyism. I think that society as a whole would get a much better return with him investing that money in, let's say, science than a monopolist.
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Now it's his right to spend his billions on Lamborghinis instead of malaria or multiplanetary human exploration, but Buffett talks a big goody-goody charity game and IMHO, with that aim, he could allocate his money better.
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Isn't Buffett donating the vast majority of his wealth to the Gates Foundation, which prioritizes the healthcare and economic prospects of the world's poorest populations? Haven't they committed $2 billion in grants to combat malaria?
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