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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Replying to @financequant
Maybe, instead of buying giant sclerotic companies with an unfair advantage so great that they're guaranteed to make outsized returns, he should put that capital towards something innovative and productive?
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Replying to @Molson_Hart
You do what you want with your money. He’ll do the same with his.
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Replying to @financequant
Free country. His right to spend however he wants to. Similarly my right to speak my mind on it. As it is yours.
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Replying to @Molson_Hart
You missed my point. I didn’t mean to say that couldn’t write what you wrote. I meant it was a ridiculous comment.
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Replying to @Molson_Hart
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.
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Replying to @financequant
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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Replying to @Molson_Hart @financequant
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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Replying to @Molson_Hart @financequant
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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You're right. Afaik he has committed to doing so, but has not yet.
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